Tag Archives: Edward D. Jones problem

Nghi Thanh Ho -IMS Securities Broker-Discloses Customer Dispute- Houston, TX

April 2017 – Houston, TX

According to publicly available records Nghi Thanh Ho,  (CRD#2327672) ,  a  stockbroker who is currently registered with IMS Securities  discloses one pending customer dispute and a separation 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 February 2017,  a customer of IMS Securities filed a claim alleging damages of $175,400 for  misrepresentation by Nghi Thanh Ho in connection with an investment in  variable annuities.  

Nghi Thanh Ho has been employed by IMS Securities since 9/2012. His prior employment includes Next Financial Group, Inc, LPL Financial and Edward Jones. He discloses a business relationship with Royal Oaks Financial Group of Houston, TX. 

In 3/2009 Nghi T. Ho was discharged by LPL Financial who made the following allegation: “Discharged for violating firm policy relating to the borrowing of funds from a client.”

IMS Securities has been a FINRA member since 1994 and is headquartered in Houston, TX. They have about 105 associated persons and 57 branch offices.

If you have questions about an account in an account handled by Hghi Thanh Ho, contact us to discuss your legal options.

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

Rex Securities Law Investigates Kovack Securities Broker Stanley Keyes-Crowley, LA

February 12, 2016- Crowley, LA

Rex Securities Law is investigating Kovack Securities broker Stanley J. Keyes  of Keyes Financial Services in connection with customer complaints and a FINRA regulatory matter in 2011.

According to FINRA records  Keyes has been named in  several FINRA arbitrations. In case  #13-1688  a customer alleged unsuitable recommendations in real estate securities. That case was settled in 3/2015 for $250,000.

In case #12-01771, a customer alleged unsuitable investments and breach of fiduciary duty regarding product diligence and disclosure in connection with variable annuities and real estate securities. That case was settled for $80,000.

In case #04-07684, a customer alleged unsuitability and unauthorized trading in connection with annuity investments. A settlement of $23,000 was reached in that matter.

To resolve FINRA allegations that Keyes violated firm policy by borrowing $214,000 from a customer, Keyes was fined $5,000 and suspended for three months. FINRA Case# 2009017605101.

According to FINRA records, in 3/2009 Keyes was ‘permitted to resign’ from FSC Securities for “borrowing money from firm customer in violation of firm policy.”

In 10/1996, Keyes was ‘permitted to resign’ from Edward D. Jones for “presented checks to the firm for deposit into his money market account knowing that there was not sufficient funds available to pay the check.”

According to FINRA records Keyes  has been registered with Kovack Securities since 04/2009. Prior to that he was registered with FSC Securities. 

 

If you have losses in an account handled by  Stanley Keyes contact us to discuss how you may be able to recover damages from his employer 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

Edward D. Jones & Co. – Rex Securities Law Investigates Recent Regulatory Issues

February 15, 2015

Edward D. Jones & Co. has been a FINRA member since 1939. Their main office is in St. Louis, Missouri, and they have over 11,000 branch offices nationwide employing over 16,000 brokers. Edward Jones FINRA regulatory history , which can be accessed here, indicates that they have disclosed 61 regulatory events that have been finalized, 2 civil events and 158 arbitrations.

Most recently, in January 2015, Edward D. Jones & Co.   entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that they failed to supervise the certification of customer signatures on certain documents that required firm employees to attest that the customers had signed the documents in their presence.

FINRA alleged that from 2002-July 2013, firm employees falsely certified customer signatures on certain documents.

Edward D. Jones & Co.  was censured  and fined $60,000.

FINRA Case # 2012032011102

Some of Edward D. Jones & Co.’s  most recent regulatory matters:

  • October 2014-Censured and fined $100,000 for inadequate anti-money laundering (AML)  procedures.
  • July 2014-Censured, fined and disgorgement of $21,100 for failure to failure to obtain fair and reasonable pricing in sales/purchase of municipal securities
  • February 2014- $750,000 fine paid to New Hampshire securities regulators to resolve allegations that they violated telephone solicitation rules.
  • January 2014- Censured and fined $200,000 to resolve FINRA allegations that they failed to train and educate brokers regarding exchange traded funds  (ETFs) and allowed the sale of exchange traded funds without performing adequate due diligence.

See Edward D. Jones & Co. complete regulatory history on the FINRA brokercheck site.

If you have losses in an account at Edward D. Jones & Co. , contact us to discuss your options.

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