Category Archives: Northgate Securities

Robert Yrshus-Former Northgate Securities Broker-Sanctioned by Texas Securities Regulator-Houston

February 2017- Houston, Texas

The Texas State Securities Board (TSSB) sanctioned  Robert Yrshus (CRD# 858876) of Houston, Texas,  suspending him for 60 days and assessing an administrative fine of $5,000.

According to the TSSB Disciplinary Order, while registered as an agent of Northgate Securities, Yrshus received became subject to and received notice of multiple IRA tax liens and a civil judgment lien which he failed to report to the Securities Commissioner as required by TSSB Rules.

Yrshus is not currently registered as a stockbroker. He was previously employed by Northgate Securities from 1990-2013.

If you have questions about an account handled by Robert Yrshus, contact us to discuss your options with an experienced securities attorney.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael Stakes, Former Northgate Securities Broker Sanctioned by FINRA

November 11, 2014-Spring, Texas

Michael A. Stakes.   entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he permitted an individual who had been suspended in her capacity as a FINOP and ordered to requalify by examination, prior to resuming work as a FINOP, to act as his member firm’s FINOP throughout the individual’s suspension and without her ever requalifying by examination.

Stakes was suspended in all principal capacities for 3 months and fined $15,000.

According to FINRA records Stakes was registered with Northgate Securities Inc.  from 1/1997-9/2013.  Northgate Securities was expelled by FINRA in 12/2013.

Case # 2013036030401

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors in Texas and nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Jerry M Hill Barred From Securities Industry by FINRA-Dallas,TX

Jerry Moore Hill  of Dallas, Texas (aka Jerry M. Allen, Jerry Margaret Hill, Jerry Margaret Moore) was barred from association with any FINRA to resolve FINRA allegations that she acted as a FINOP while suspended in that capacity and without ever requalifying by examination.

According to FINRA records, Hill was most registered until 2013 with the following firms:

  • RIdeau Lyons & Co.  
  • Southwestern Capital Markets, Inc. 
  • Golden Stream Securities
  • Charles W. Pace Securities
  • Laradorbecker Securities Corporation
  • Petrogrowth Energy Advisors
  • Northgate Securities

If you had an account with any of these firms and suffered significant losses, call to discuss how you may be able to recover damages.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870