Tag Archives: Invest Financial investigation

Richard Havard-Former Invest Financial Broker-Sanctioned by Texas Regulator-Prosper, Texas

December 2017- Prosper, Texas 

The FINRA records of Richard L. Havard ,  a  stockbroker who previously worked for Invest Financial Corp. , disclose 6 pending liens filed by the Internal Revenue Service in Collin County, Texas. The liens are for delinquent income taxes and date back to 2010.

In December 2017, the Texas State Securities Board (TSSB) entered a Disciplinary Order reprimanding and fining Havard $7,500 for failing to update his FINRA record to disclose the IRS liens in a timely manner in violation of TSSB rules.

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.

Havard  was employed by Invest Financial Corp. from 11/2007-10/2017. He is currently  employed by Dominion Investor Services , a broker dealer headquartered in Horseshoe Bay, Texas.

If you have questions about an account handled by Richard Havard, 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

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

David L. Hannett Sr.-Invest Financial Broker-Discloses $5M Customer Dispute

Vienna, VA

According to FINRA records,  David L. Hannett, Sr.  a stockbroker  who works  for Invest Financial Corp. discloses  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.

Hannett discloses  currently pending FINRA Case 15-0023, in which a customer alleges damages of $5,000,000  for mishandling assets.

Hannett also discloses a prior customer dispute that has been resolved. In 2012 a customer alleged damages of $60,000 for unsuitable investment recommendations. That matter was settled for $60,000.

Hannett has been employed by Invest Financial Corp.  since 1991.

If you have questions about an account handled  by David L. Hannett Sr., 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

William L. Baumner of Buckman, Buckman & Reid Discloses Customer Dispute/Outstanding Liens-Boca Raton, FL

Boca Raton, Florida

According to FINRA records,  William L. Baumner, IV ,   a stockbroker who currently works for Buckman, Buckman & Reid   discloses  a currently pending customer dispute. In addition he discloses 6 prior finalized customer disputes and 5 pending judgment/liens.

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.

A customer  while Baumner was employed at Invest Financial Corp. has filed a complaint in Palm Beach County Circuit Court alleging misrepresentation of material facts, insider trading and fraud. No specific amount of damages is alleged. Case # 502010CA017971.

Baumner discloses five outstanding liens in favor of the IRS ranging from $5,825 to over one million.

Baumner has been employed by Buckman, Buckman & Reid since 3/2010.

If you have questions about an account handled  William Baumner, 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