May 2017- Plano, Texas
The FINRA records of Terry DeWayne Harvey , a stockbroker who is currently employed by PTX Securities disclose a pending customer dispute for losses on oil and gas investments.
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 the currently pending customer dispute a customer of PTX Securities seeks damages in excess of $1 million in connection with an investment in an oil and gas deal. The following allegations are set forth on Mr. Harvey’s FINRA record: “PTX was only the managing broker dealer for offerings by Payson Petroleum. Neither the Firm nor Mr. Harvey had any other affiliation with Payson. Payson’s owners made misrepresentations to investors regarding the owners contribution of its own capital into two of the offerings from October 2013-June 2014. The owners of Payson entered into a consent agreement with the SEC in December 2016. This suit is a result of these actions. ” Case CT-17-02213, 162 Judicial District, Dallas, Texas.
Harvey has been employed by PTX Securities since 8/2012. His prior employment includes Balanced Financial Securities in Plano and Summit Alliance Securities in Dallas.
If you have questions about an account handled by Terry D. Harvey call for a no charge consultation.
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.
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