Category Archives: Oklahoma Securities Commission

Tonya M. White-Former Edward Jones Broker-Permanently Barred From Securities Industry

Oklahoma City, OK

According to FINRA records Tonya M. White (aka Tonya M. Nix ,   a stockbroker who formerly worked for Edward Jones  discloses a final regulatory matter and 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.

White’s FINRA record indicates that the Oklahoma Department of Securities permanently barred her in 8/2015 for calling third parties and impersonating clients to facilitate retirement account rollovers from third parties to Edward Jones.

 

According to FINRA records, in 3/2015, White was discharged by Edward Jones after White admitted calling third parties in order to facilitate the rollovers to Edward Jones.

If you have questions about an account handled by Tonya White, call for a no charge consultation.

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

Beth E. Dutoit, Edward Jones/United Planners Broker Sanctioned for Forgery-Norman, Oklahoma

February 25, 2016-Oklahoma City, OK

The Oklahoma Department of Securities suspended the registration of Beth E. Dutoit (aka Beth E. Arthur, Beth Ellen Arthur, Beth E. Du Toit)  for six months beginning 1/1/2016 for copying a client’s signature onto a form without the client’s consent.

According to FINRA records Dutoit was ‘permitted to resign’ from Edward Jones, where she was employed in the Norman/Edmond office from 10/2011-5/2015. Edward Jones indicated on the FINRA record that Dutoit’s resignation came during an internal investigation related to her placing client’s initials on a firm document and submitting duplicated signed customer documents.

After leaving Edward Jones, Dutoit went to work with United Planners’ Financial Services of America in May 2015. FINRA records indicate that Dutoit was discharged in September 2015. United Planners indicated on the FINRA record that the discharge was related to forgery.

If you have questions about an account that was handled by Beth Dutoit, call to speak with an experienced securities attorney.

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

Oklahoma Securities Regulator Orders Houston Based Company to Cease and Desist

March 4, 2016-Oklahoma City, OK

The Oklahoma Department of Securities file an Order to Cease and Desist and Notice of Opportunity for Hearing in the matter of Houston-based ThinAir Wireless, Inc. and Howard “Trip” Wakefield.

The Oklahoma regulator alleges that an Oklahoma resident invested in promissory note offered by Wakefield that ThinAir and that the offering was not registered in compliance with state law. In addition, Wakefield, who was acting as an agent, was not registered in accordance with Oklahoma law. ThinAir Wireless filed for bankruptcy in May 2014.

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 Arrowood Sanctioned by Securities Regulator for Trinity Resources Scam-Norman, OK

March 10, 2016-Norman, Oklahoma

The Oklahoma Securities Commission entered a permanent injunction against 2001 Trinity Fund LLC and Robert Arrowood, of Norman, OK, who was accused of operating a Ponzi scheme, banning him from selling securities in the state.

Arrowood, an oilman, operated Trinity Resources, Inc. agreed to the ban and in exchange the Oklahoma Department of Securities dropped its claims of fraud against him and closed the civil case which claimed Arrowood had defrauded Utah, Missouri, Texas and Florida  investors in the 2001 Trinity Fund out of $4 million. The regulators alleged Arrowood and his wife, Cathy spent the money on vacations to Las Vegas and the Bahamas as well as jewelry, clothing and motorcycles.

The 2001 Trinity Fund filed for bankruptcy in 2009 claiming debts in excess of $21 million vs. $10.9 million in assets.

If you have suffered losses in an oil and gas investment that you purchased at the recommendation of a stockbroker, call to discuss how you may be able to collect damages from the broker’s employer.

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