Category Archives: SagePoint Financial

RIcky R. Moore-Sagepoint Financial Broker-Discloses Regulatory Suspension/Fine-Angleton, TX

May 2017-Angleton, TX

The FINRA records of RIcky R. Moore,  a  stockbroker who is employed by  Sagepoint Financial  disclose a final regulatory event, 3 prior customer disputes and 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 1/2017 FINRA suspended Moore for four months and fined him $37,131 to resolve allegations that he failed to disclose to his firm his outside business activities involving the facilitation of a church bond offering for a church. FINRA alleged that Moore made a false and misleading statement on his firm’s annual compliance questionnaire which asked if he had participated in raising capital.

In FINRA case 12-02353 a customer of Moore’s prior employer, LPL Financial was paid $60,000 to settle claims that they requested Moore place them in a conservative portfolio but he recommended a portfolio overly concentrated in variable annuities and REITs (real estate investment trusts).

Ricky Moore has been employed by Sagepoint Financial since 12/2013. His prior employers include Securities America, Commonwealth Financial Network and LPL Financial Corp. Moore discloses a business affiliation with Oak Financial Group in Angleton, TX.

In 9/2013, Moore was ‘permitted to resign’ from Commonwealth Financial Network who made the following allegation on his FINRA record: “RR was the president of an outside business activity that subsequently engaged another broker-dealer to issue bonds on behalf of the entity, distributed a notice of the sale of bonds on behalf of the entity, and failed to provide prior written notice to or receive written approval from the firm, in violation of FINRA Rules 3270, and 2210..”

If you have questions about an account  handled by RIcky Moore , contact us to discuss your 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 S. Graham-Former Capital Investment Group Broker-Named in Customer Arbitration-Scottsdale, AZ

April 2017-Scottsdale, AZ

The FINRA records of  Robert S. Graham ,  a  stockbroker who is currently unregistered and who last was employed by  First Allied Securities, disclose a  currently pending customer dispute.

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 FINRA case #16-01743 a customer of Capital Investment Group alleges damages of $650,000 for breach of fiduciary duty, fraud and misrepresentation in connection with membership units in certain investments promoted by Graham.

Grahan was registered with First Allied Securities from 6/2014-1/2015. His prior employment includes Capital Investment Group and Sagepoint Financial. Graham discloses a business affiliation with RG Capital Investment Advisory Services.

If you have questions about an account handled by Robert S. Graham, call to learn about your 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

Renee R. Fields-Former Ameriprise Broker- Discloses Separation From Employment-Dallas, TX

January 2017-Dallas, Texas

The FINRA records of  Renee Rochelle Fields,  a  stockbroker currently employed by Sagepoint Financial disclose a  separation from employment after allegations.

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 October 2016, Fields was ‘Permitted to Resign’ from Ameriprise Financial, who made the following allegations in connection with the separation from employment: “The registered representative was suspended on August 2, 2016 and permitted to resign on October 3, 2016 for policy violations including failing to disclose material information to clients; use of an unsuitable trading strategy involving mutual funds; and use of discretion in non-discretionary accounts by failing to timely execute orders.”

Fields made the following statement on her FINRA record: “Financial advisor disputes the allegations as to policy violations. Financial advisor will be filing a legal action to remove the inaccurate and misleading disclosure”.

Fields has been registered with Sagepoint Financial since October 2016 and was registered with Ameriprise Financial from 5/1998-11/2016.

If you have questions about an account in an account handled by Renee R. Fields , 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

Dean T. Nicholson-Sagepoint Financial Broker-Discloses Pending Customer Arbitration

August  2016-Summerfield / The Villages, Florida

The FINRA records of Dean T. Nicholson ,  a  stock broker who is currently employed by Sagepoint Financial, dba Elliott Wealth Management Services  , disclose a prior final regulatory event, a prior customer dispute, a termination from employment and a currently pending customer dispute.

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 currently pending FINRA arbitration 16-01771, a customer of Sagepoint Financial  alleges damages of $30,000 for unsuitable investments in variable annuities,  equities, mutual funds and real estate securities. The case was filed in June 2016.

Nicholson has been employed by Sagepoint Financial since 3/2012. His prior employment includes Ameriprise Financial Services and Prime Capital  Services.

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

Sagepoint Financial Hit With Arbitration Award for Allowing Husband to Trade Wife’s Account

March 3, 2016- Des Moines, Iowa

A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Sagepoint Financial to pay $57,500 to a wife who brought the action against Sagepoint alleging that they allowed her husband, who was an employee of Sagepoint, to trade her account without her authorization.  The panel also awarded interests and costs. FINRA Case# 15-473.

Brokers have a duty to only follow the orders of those who you have authorized in writing to control your brokerage account.

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 Securities Law Investigates VSR Financial Broker Charles Geraci- Woodlands, Texas

The Woodlands, Texas

Rex Securities Law is investigating VSR Financial Services broker Charles Geraci in connection with the sale of various direct investments including real estate securities, equipment leasing investments, promissory notes and limited partnership interests.

According to FINRA records in 2014 Geraci  has been named in 5 customer complaints. Three have been settled, one is pending and one was closed- no action.

According to FINRA records Geraci  was registered with VSR Financial Services from 6/2008-1/2013. He left VSR and joined Sagepoint Financial from 1/2013-12/2013. In 1/2014 he rejoined VSR Financial.

VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticised VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

If you have losses in an account with VSR Financial Services, contact us to discuss how you may be able to recover damages for those losses .

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

Ricky Moore-Sagepoint Financial Broker-Discloses Regulatory Matter- Angleton, Texas

Angleton, TX

December 31, 2015

The Financial Industry Regulatory Authority  (FINRA) filed a complaint against stockbroker Ricky Randon Moore, alleging that while working for Commonwealth Financial Network in Angleton, Texas, he failed to disclose to the firm his outside business activities involving the facilitation of a church bond offering for a church located in Brazoria, TX, in violation of FINRA and NASD Rules.

The complaint seeks monetary sanctions and other relief.

FINRA Disciplinary Proceeding #2013038770901

According to FINRA records, Moore was registered with Commonwealth from 2/2009-10/2013. Thereafter he was registered with Securities America 10/2013-12/2013 and with Sagepoint Financial since 12/2013.

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