Category Archives: Scott & Stringfellow (BB&T)

Losses on Cushing Royalty & Income Fund ??

June 15,2015,

Cushing & Royalty Income Fund (SRF) which traded at $25 in February 2012 currently trades at less than $5. It is a leveraged fund which invests in oil and gas royalty trusts that was sold in some cases to elderly and conservative retirees who did not understand the risky nature of this investment.

Cushing & Royalty Income Fund was underwritten by these broker-dealers:

  • Stifel, Nicolaus & Company
  • RBC Capital Markets
  • Oppenheimer & Co.
  • Robert W. Baird & Co.
  • BB&T Capital Markets, a division of Scott & Stringfellow
  • Ladenburg Thalmann & Co.
  • Wunderlich Securities
  • Maxim Group

Aside from the risky nature of this investment, the fees and commissions associated with its sale exceeded 6% in some instances.

If you were sold the Cushing Royalty and Income Fund by your stockbroker, call to speak with an experienced securities attorney and learn how you may be able to recover damages 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

BB&T Securities Fined $1 Million by Securities Regulator

December 5, 2014

BB&T Securities, LLC (formerly Clearview Correspondent Services) recently agreed to  a censure and to pay of fine of $1 million to the Financial Industry Regulatory Authority (FINRA).

The agreement was made to resolve FINRA allegations that ,between May 2010-August 2014, BB&T failed to properly report options positions in reports that are designed to identify holders of large positions who may be attempting to manipulate the market or otherwise violate securities rules and regulations.

FINRA Case#20110275374. Access settlement agreement here.

According to FINRA records, BB&T Securities operates, or has operated under the following alternative names:

  • BB&T CAPITAL MARKETS, A DIVISION OF BB&T SECURITIES
  • BB&T CAPITAL MARKETS/WINDSOR GROUP
  • BB&T SCOTT & STRINGFELLOW
  • CLEARVIEW CORRESPONDENT SERVICES, LLC

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