Category Archives: White Weld & Co. Securities

Leslie R. Rosenblatt of Texas Financial Resources Discloses Customer Dispute/Termination of Employment-Plano, TX

April 2017-Plano, TX

The FINRA records of  Leslie R. Rosenblatt ,  a  stockbroker who is currently registered with SCF Securities disclose a pending customer dispute 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 currently pending FINRA arbitration 16-03688 a customer of WFG Investments is seeking damages of $75,000 and alleges misrepresentation contained in the offering documents, failure to conduct reasonable due diligence and failure to execute care against WFG Investments and Jefferies LLC.

Rosenblatt made the following statement on his FINRA record in connection with this pending claim: “As an advisor of WFG Investments, Inc. the information that was furnished to me was thought to be accurate and clearly stated. I am very disappointed that WFG may have had incorrect information in their offering documents.”

Rosenblatt has been employed by SCF Securities since 6/2015. Prior to that he was employed by WFG Investments and before that MML Investor Services.   Rosenblatt discloses a business affiliation with Texas Financial Resources and  Wealth Concepts. 

In 4/2014 Rosenblatt was discharged by WFG Investments who made the following allegation on his FINRA record: “The firm has reasonably determined that Mr. Rosenblatt facilitated private securities transactions without prior approval. The firm identified instances where Mr. Rosenblatt signed wire transfer request forms and failed to identify or report what was later determined to be replicated, pre-signed forms. “

If you have losses in an account in an account handled by Leslie R. Rosenblatt , you may be able to recover damages through FINRA arbitration.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures.  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.

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

Rushton L. Ardrey-Former Newport Coast Securities Broker-Discloses Customer Disputes

July 2016-Boston, MA

The FINRA records of Rushton L. Ardrey, III  , a former stock broker employed by  Newport Coast Securities  disclose 3 prior final regulatory events, a prior customer dispute, 3 currently pending 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 September 2015, without admitting or denying the findings, Ardrey entered into an agreement with FINRA to resolve allegations that he sent a wire of $33,000 from his personal bank account to that of a customer in order to reimburse the customer for losses sustained in her account without prior written authorization from his then member firm, Wells Fargo Advisors. Ardrey was suspended for 10 days.

Ardrey’s FINRA disclosure reports that in FINRA Case 12-4352, a customer while Ardrey was employed by UBS Financial Services and Wells Fargo Advisors alleged damages in excess of $1 million for unsuitable and excessive trading. That case was settled for $455,000.

In the three pending cases customers allege unsuitable, unauthorized and excessive trading. No damages are specified.

Ardrey was employed by Newport Coast Securities  from 10/2014-8/2015. Prior to that he was with White, Weld & Co. from 12/2013-10/2014, Coastal Equities from 12/2013-12/2013 and with Wells Fargo Advisors from 9/2009-11/2013.

Ardrey was discharged by Wells Fargo Advisors in 11/2013. Wells Fargo Advisors alleged that Ardrey “admitted to making a payment to a client to compensate for account losses’, in connection with the discharge.

Investors who suffered losses in an account handled by Rushton L. Ardrey, III, may be entitled 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

Former Moors & Cabot Broker Sanctioned Over Unauthorized Annuity Advertisements

June 18, 2015-Boston, MA

Lucian D. Hodgman  entered into a Letter of Acceptance Waiver and Consent (AWC)  with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between May and July 2013 he caused approximately 40,000 copies of an advertisement postcard to be sent out by mail without the approval of a registered principal at his member firm, Moors & Cabot, in violation of FINRA Rules 2210(b)(1) and 2010. The postcards contained information about investing in fixed annuities that failed to provide a sound basis for evaluating such an investment, according to the AWC.

The AWC also alleges that in July or August 2013, Hodgman falsely represented to Moors & Cabot that a third party marketing firm was responsible for the mailing without his knowledge or authorization.

Hodgman was fined $5,000 and suspended from association with any FINRA member in any and all capacities for 18 months.

Disciplinary Proceeding NO. 2013038183301

According to FINRA records, Hodgman was previously registered as follows:

  • 10/2014-present                      Newport Coast Securities
  • 4/2014-8/2014                          White Weld & Co. Securities
  • 9/2013-3/2014                          Investors Capital Corporation
  • 1/2001-9/2013                          Moors & Cabot, Inc.

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