January 5, 2015
FINRA filed a disciplinary proceeding against Radnor Research & Trading Company (Radnor) and brokers William Scholander and Talman Harris alleging the following causes of action:
- Failure to Report Customer Complaints
- Willful failure to Update Form U4
- Failure to Disclose Markups or Markdowns
- Failure to Supervise
The complaint alleges that Scholander received a written complaint from a customer stating that she had not authorized any trading in her account which had losses of over $200,000. The complaint was not reported to Radnor’s home office for over seven months in violation of FINRA rules.
The complaint also alleges that Radnor failed to disclose markups and markdowns on rissoles principal transactions in violation of FINRA rules.
In addition the complaint alleges that Radnor and its representatives violated FINRA rules in connection with the sale of Nova Lifestyle, Inc. , a private placement.
If you have suffered damages in an account at Radnor Research & Trading Company, you may be able to recover damages through FINRA arbitration. Call for details.
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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