Category Archives: Titan Securities

Thomas P. Smith-Former Titan Securities Broker-Discloses Customer Dispute Over Alternative Investment-Arlington, TX

April 2017-Arlington, Texas

The FINRA records of  Thomas P. Smith ,  a   stockbroker who is currently registered with Center Street Securities disclose a 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 case #16-3184 a customer of his prior employers Titan Securities & Newbridge Securities alleges damages of $250,000 for negligence, violations of the Texas Securities Act and other claims related to the purchase of a non-traded alternative investment.

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.

 

Smith has been employed by Center Street Securities since 5/2016. He was with Titan Securities from 8/2011-6/2016 and with Newbridge Securities 6/2010-8/2011. Smith discloses a business relationship with Bering Financial in Arlington, TX.

If you have losses in an account in an account handled by Thomas P. Smithcontact 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

Clyde D. Jones-Titan Securities Broker-Discloses Customer Disputes Over Viatical Settlements-Whitesboro, Texas

April 2017-Whitesboro, Texas

The FINRA records of  Clyde D. Jones ,  a   stockbroker who is currently registered with Titan Securities disclose 2 pending customer disputes, 2  prior final customer disputes involving viatical settlements and 2 terminations 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 FINRA case #15-02868 a customer of Titan Securities alleged damages of $425,649 for an unsuitable recommendation to invest in a viatical settlement. That case was settled in 12/2016 for $100,000.

In FINRA case#15-2480 a customer of Titan Securities alleged damages of $133,680 for misrepresentation and unsuitability in connection with an investment in a viatical settlement. That case was settled in 8/2016 for $135,768.

Jones  discloses two currently pending customer disputes involving viatical settlements. One alleges damages of $100,001 and another alleging damages of $108,672.

Viatical Settlement

A viatical settlement is a contract whereby a person diagnosed with a terminal illness sells their life insurance policy for less than its face value in order to obtain a portion of the proceeds while still alive. The buyer (investor) obtains the full value of the policy upon the death of the insured.

Jones has been employed by Titan Securities since 9/2015. From 1/2013-11/2014 he was with EDI Financial. Prior to that he was with Titan Securities from 8/2008-12/2012. In 8/2008 he was discharged from Eagle One Investments for failing to notify compliance about a customer complaint. In 4/2000 he was permitted to resign from Invest Financial Corp. 

If you have losses in an account in an account handled by Clyde D. Jones or if you have losses on an investment in Viatical Settlement  , contact us to discuss how you may be able to recover damages for those losses.

Titan Securities is headquartered in Dallas, Texas, and has been a FINRA member since 2004. They have about 13 brokers located in 7 branch offices in:

  • Arlington, TX
  • Abilene, TX
  • Overland Park, KS
  • Dallas, TX
  • Rowlett, TX
  • Henrico, VA
  • Kingston, OK

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

Donald L. Wells-Titan Securities Broker-Sanctioned Over Sales of Life Partners Viaticals-Seattle, WA

April 2017-Seattle, WA

The FINRA records of  Donald L. Wells ,  a   stockbroker who is currently registered with Titan Securities disclose a prior regulatory matter and a  prior final 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 August 2016 Washington securities regulators entered a cease and desist order and fine and costs of $2,700 to resolve allegations that Wells and others violated the Securities Act of Washington through the offer and sale of $17 million of Life Partners, Inc. life settlements to Washington residents from 2009-2014.

Donald L. Wells  has been employed by Titan Securities since 3/2010.

Titan Securities is headquartered in Dallas, Texas, and has been a FINRA member since 2004. They have about 13 brokers located in 7 branch offices in:

  • Arlington, TX
  • Abilene, TX
  • Overland Park, KS
  • Dallas, TX
  • Rowlett, TX
  • Henrico, VA
  • Kingston, OK

If you have losses in an account in an account handled by Donald L. Wells or if you have losses on an investment in Life Partners, Inc.  , 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

Walter Parker-Titan Securities Broker-Discloses Customer Disputes Over UDF Investments-Rowlett, Texas

Rowlett, Texas

UPDATE JULY 2017Walter Parker discloses that FINRA arbitration 16-2349, discussed below, was settled in June 2017 for $70,000.

A complaint was filed by a customer of Titan Securities in connection with an investment in a real estate investment trust (REIT) alleging that the product was unsuitable and that the client did not understand that the product was illiquid. That case was settled in June 2017 for $37,119.

ORIGINAL POST-April 2017

The FINRA records of  Walter W. Parker ,  a  broker with  Titan Securities  disclose 2 pending customer disputes and 2 prior final customer disputes.

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 pending FINRA Case 16-2349 a customer of Titan Securities alleges that they were sold UDF (United Development Funding) which was unsuitable for the customer and he did not understand the risks and did not understand that UDF was illiquid. No amount of damages is stated in the claim.

In pending FINRA Case 15-2351 a customer of Titan Securities alleges damages of $211,975 related to an investment in a viatical settlement which the customer alleges is unsuitable and that it was misrepresented.

In a previous case, FINRA #16-1929, a customer of Titan Securities alleged damages of $50,000 related to an investment in UDF (United Development Funding) which the client states was unsuitable and that he did not comprehend the risks or the fact the investment was illiquid.  That case was recently settled for $16,500.

Walter Parker has been employed by Titan Securities since 8/2006. Parker discloses a business relationship with InsuranceMakesMe Sick.com and InvestingMakesMeSick.com in Rowlett, TX.

Titan Securities is headquartered in Dallas, Texas, and has been a FINRA member since 2004. They have about 13 brokers located in 7 branch offices in:

  • Arlington, TX
  • Abilene, TX
  • Overland Park, KS
  • Dallas, TX
  • Rowlett, TX
  • Henrico, VA
  • Kingston, OK

If you have losses in an account in an account handled by Walter Parker , contact us to discuss how you may be able to recover damages for those losses.

United Development Funding’s Office Raided by the FBI-for more information on recent problems for UDF, follow this link.

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

Daniel Levin-Former Titan Securities Broker-Sanctioned for ‘Investment Talk” Radio Show-Dallas, TX

August 7,  2015- Dallas, Texas 

FINRA records disclose that Daniel E. Levin  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between December 2013 and April 2014, Levin hosted a weekly radio show during which he made statements that were unbalanced, promissory, misleading and/or lacked reasonable basis.

According to the FINRA complaint Levin’s show ‘Investment Talk” were pre-recorded then broadcast at a later time and date. Although he solicited listeners to call he did not take live calls. FINRA found that he made the following statements that violated FINRA Rules because they lacked a sound basis, or failed to be fair and balanced:

  • “50% of Americans will have to work for the rest of their lives”
  • stock market is due for a 30% correction
  • “stocks will go down 40%, bonds will go down 10%”
  • “you may be able to leave your kids more money than you invested although you took money our for 25 years”
  • “Put in $1,000 per month over 15 years, get $40,000 tax-free income and a $500,000 death benefit”

AWC No. 2014040335101

Levin  was  fined $25,000 and suspended for six months, He was also required to retake and pass the Series 7 securities exam.

According to FINRA records, Levin was registered with Titan Securities  from 1/2014-8/2014. Prior to that he was registered with Berthel Fisher & Company  from 6/2012-9/2012. Prior to that he was registered with Milkie/Ferguson Investments . He is not currently registered.

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

Dallas Broker Sanctioned for Misrepresentations Made on RadioTalk Show

August 4, 2015

Daniel Levin, of Dallas, TX  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he made statements that were unbalanced, promissory, misleading and/or lacked reasonable basis on his weekly radio show “Investment Talk”, between December 2013 and April 2014.

According to FINRA, Levin made the following statements that violated FINRA Rule 2210(d)(1)(a):

  • “50% of Americans will have to work for the rest of their lives”

    stock market is ‘due for a correction”

    “stocks will go down 40%, bonds will go down 10%”

    that Levin “told people in ’07 to get out to the market, saved them 60%”

    “I have investments that will guarantee you the income you are looking for the rest of your life”

    AWC NO. 2014040335101

Levin  was fined $25,000 and suspended for six months According to FINRA records Levin  was registered as follows:

  • 1/2014-8/2014                                                Titan Securities 
  • 6/2012-9/2012                                                Berthel Fisher & Co.
  •  1/2004-6/2012                                               Milkie/Ferguson Inv

FINRA records indicate that Levin has been named in 14 customer complaints and that he was terminated in 9/2012 by Berthel Fisher due to a new regulatory proceeding being filed by FINRA.

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