Category Archives: Questar Capital Corporation

Investigation-Stephen L. Swarbrick-Questar Capital Stockbroker

July 2016-Roseville, California

We are investigating the sales practices of Questar Capital Corporation stockbroker Stephen L. Swarbrick, who is affiliated with Weston and Tuttle Wealth Advisors, on behalf of an elderly retired couple who were sold various alternative investments, including the following:

  • Cypress Equipment Fund 16 LLC
  • Strategic Energy Income Fund III
  • Atlas Resource Series 31-2011 LP

According to FINRA recordsStephen L. Swarbrick has been employed by Questar Capital Corporation since 10/2012. Prior to that he was employed by Woodbury Financial Services from 9/2003-10/2012.

If you were a client of  Stephen L. Swarbrick and have experienced losses in alternative investments or have information you believe may be relevant to this investigation, please contact us.

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

Investigation of Broker Jennifer Trowbridge-Essex Securities, Boynton Beach, FL

January 12, 2015- Boynton Beach, Florida

Jennifer J. Trowbridge  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she made unsuitable sales and purchases in customer accounts and that she effected discretionary trades in a customer account.

According to the AWC, Trowbridge’s violative conduct includes:

  • Recommending mutual fund switches without having reasonable grounds for believing such transactions were suitable for the customer
  • Effecting discretionary trades, with the customer’s verbal consent, but without obtaining written consent

Trowbridge was suspended by FINRA for two months and fined $10,000.

According to FINRA records, Trowbridge is not currently registered. She  was previously registered as follows:

  • Questar Capital          9/2012-11/2014
  • Essex Securities           1/2010-9/2012
  • Investors Capital          8/2005-12/2009

FINRA Case # 2011025433902

Prior blog post re: :Jennifer Trowbridge. 

If you had an account with Jennifer Trowbridge that suffered losses due to unsuitable mutual fund switching, discretionary trading (trading without your permission) or for other reasons, you may be able to recover damages from the brokerage firm employing Trowbridge. Call to speak 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

Deerfield, Florida Broker Andrew Lewis Pittman Barred by FINRA

Deerfield Beach, Florida

In a recent FINRA case (#2011029315301), Andrew Lewis Pittman, a broker from Deerfield Beach, Florida entered into an Acceptance Waiver and Consent with the Financial Industry Regulatory Authority, and agreed to a bar from the industry.

According the FINRA document, during the course of an ongoing FINRA investigation regarding allegations that Pittman had improperly used a customer’s funds and was appointed Power of Attorney for the customer, Pittman refused to provide on-the-record testimony as required by FINRA rules.

The FINRA document indicates that Pittman was employed by Sammons Securities most recently. He previously worked for Questar Capital from August 2011 until October 2011, when Questar terminated him. Prior to his short stay at Questar, Pittman worked for Allstate Financial from June 2007 through August 2011.

If you have questions about the way your brokerage account has been handled, call Rex Securities Law for a no charge consultation.

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

 

Oil & Gas Investment Losses May Be Recoverable

Investors who have losses on Oil & Gas investments may be able to recover losses through FINRA arbitration. Many investors were sold products that were not suitable for them due to the high risk associated with many of these products that generally pay a higher commission than most other products.

Here is a listing of some companies who offered Oil & Gas investments  to retail customers through various brokerage firms over  recent years.

Adageo Energy
Alliance Petroleum Corporation
Alpha Energy
Atlas Resources
Aztec Oil & Gas
Bradford Energy
Black Diamond Energy
Catalyst Energy
Mewbourne Energy
Noble Royalties
Penneco Drilling
Reef Oil & Gas
Ridgewood Energy
Sandridge Energy
Texas Energy
U.S. Energy
Waveland Capital Partners

Brokers have a duty to make recommendations that are suitable. Many oil and gas investments are risky and unsuitable for the elderly and retired. If you have losses on oil & gas investments you may be able to recover all or a part of your losses through FINRA arbitration.

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

Rex Investigates Tenant in Common, TIC, 1031 Exchange Real Estate Investment Losses

Have you or your loved ones suffered losses as a result of purchasing Tenant in Common Real Estate Investments? We are investigating schemes involving the sale of private investments in real estate (office buildings, shopping centers, etc) in investments knows as TIC’s, 1031 exchanges or Tenant in Common real estate investment schemes.

Brokerage firms nationwide sold these investments to unsuspecting
investors, many who are retirees on fixed income who can ill afford to lose capital. Oftentimes the selling firm did little or no due
dilligence to determine the safety of the investment or the suitablity
of the investment for the particular investor involved.

The brokers generally highlighted selling points like the guaranteed
annual income distributions (often 7% or more), but failed to discuss
the risks associated with this type of investment. Since TIC investments are private investments, not traded on any securities market, they can not be readily sold, making them virtually illiquid. This can be  critical for those needing liquidity for living and health expenses.

In February 2012 LPL Financial was hit with a $1.4 million arbitration award for an elderly couple who was sold tenant in common real estate investments. DBSI Inc., one of the largest sellers of TICs declared bankruptcy in 2008, however the broker dealers that sold those deals remain liable for selling these products.

Brokerage firms that sold TIC investments include the following:

Alternative Wealth Strategies
American Wealth Management
Berthel Fisher & Co

Cambridge Investment Research
CapWest Securities Inc.
DBSI Securities
DeWaay Financial Network, Inc.
Equity Services Inc.
FINTEGRA LLC
F.A. Repple & Co.

Grubb & Ellis
INVEST Financial Corp.
Investment Security Corporation
Investors Capital
J.P. Turner Co. LLC
LaSalle St. Securities

KMS Financial Services, Inc.
LPL Financial
MCL Financial Group Inc.
Meridian Capital Partners
Next Financial Group
NPV/Direct Invest
Omni Brokerage Inc.
Orchid Securities
Pacific West Securities

QA3 Financial Corp.
Quest Securities
Questar Capital Corp.
Regent Financial Group
Sanders Morris Harris
Sagepoint Financial

Securities Network LLC
Sigma Financial
U. S. Advisors LLC
U. S. Commercial
WFP Securities
Workman Securities

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