Category Archives: Spire Securities

Richard Holliday-Former Investment Center Broker- Barred From Securities Industry by S. Carolina Regulators

On October 23, 2014, the Securities Commissioner of South Carolina entered an order barring Richard E. Holliday from participating in any aspect of the securities industry in or from the State of South Carolina.

In August 2014 the Financial Industry Regulatory barred Holliday from the securities industry in connection with loans he made from customers which were not disclosed to his firm. According to FINRA records, since 1998, Holliday has worked for the following broker dealers in Anderson, South Carolina:

  • The Investment Center, Inc.
  • Spire Securities, LLC
  • American Securities Group
  • Morgan Stanley Smith Barney
  • Citigroup Global Markets

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

Former Spire Securities Broker Richard Holliday Barred by FINRA in Connection With Loans from Customers

August 2014-Belton, South Carolina

Richard Edward Holliday, formerly registered with Spire Securities, was barred by FINRA to resolve allegations that he borrowed $155,000 from customers and did not disclose the loans to his firm. The allegations stated that he provided false information in response to annual compliance questionaires which asked about the existence of loans from customers.

Brokerage firms have written supervisory procedures requiring brokers to disclose whether they have borrowed money from customers and most firms prohibit such borrowing.

Rex Securities Law provides nationwide representation to investors 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