Category Archives: ProEquities Inc.

Brian A. Hagen-D.H.Hill Securities Broker-Discloses Employment Separation-Montgomery, TX

June 2017- Montgomery , Texas

According to publicly available records Brian Alan Hagen  (CRD#5189815) ,  a  stockbroker who currently is employed by  D.H. Hill Securities,   discloses  a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 8/2016 Hagen was permitted to resign from his former employer ProEquities Inc. who alleged that Hagen had signed client names on four documents, including two Investment Policy Statements and two Board Resolutions for two 401K clients without permission.

Brian A. Hagen  has been employed by D.H. Hill Securities since  8/2016. Hagen discloses a business affiliation with Gallant Financial of Montgomery, TX.

If you have losses  in an account handled by Brian A. Hagen  contact us to discuss your legal options.

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

Robert K Smith- Former Berthel Fisher Broker-Discloses Customer Disputes- Mobile, Alabama

UPDATE MARCH 2017-In  April 2016 Robert K. Smith was suspended by FINRA for three. The suspension was lifted July 12, 2016.  Smith currently discloses a total of 13 prior customer disputes that are final. He is not currently registered with any broker dealer.

In one of the prior customer disputes, FINRA Case #15-0149, a customer or Proequities Inc. alleged damages of $500,000 for failure to adequately disclose liquidity risk, failure to perform adequate due diligence, lack of suitability and lack of supervision. That case was settled for $210,000.

ORIGINAL POST July 10, 2015- Mobile, Alabama

Rex Securities Law is investigating former stock broker Robert Keith Smith on behalf of a retiree  who believes he was sold unsuitable investments including Cypress Equipment Fund and Strategic Storage Trust.

According to FINRA records, Smith is not currently registered with FINRA. He was previously registered with Berthel Fisher & Company Financial Services from 6/2010 until 6/2014 when he was terminated by Berthel Fisher. Prior to that he was registered with ProEquities, Inc. from 5/2006-6/2010.

FINRA records reveal that Smith has been named  in  ten prior customer complaints, several of which involve alternative investments in oil & gas and real estate investment trusts (REITs)

If you have information you believe would be helpful in this investigation, please contact us. If you have losses in an account handled by Robert Keith Smith , call to learn how you may be entitled to collect damages from his former employing firm.

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

ProEquities, Inc. Hit with FINRA Award on Tenant in Common Investments

May 2013–In FINRA Case # 12-1167, Suzy Asad and Suzy Asad Trust v Mamdoh Abas and ProEquities, Inc.,  a Los Angeles panel awarded compensatory damages of $379,424, plus accrued interest, costs of $68,838 and session fees of $25,875, jointly and severally against ProEquities, Inc. and broker Mamdoh Aziz Abas. The Claimant alleged elder abuse, securities fraud , negligence and misrepresentation in connection with the sale of tenant in common investments (TICs).

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900