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Update On Corpus Christi Broker William C. Mays

Update On Corpus Christi Broker William C. Mays 150 150 Rex Securities Law

 

In December 2013, FINRA announced that William Charlton Mays of Corpus Christi was named in a FINRA complaint alleging that he converted and misused over $30,000 in customer funds by providing funds to his ex-wife and his father without the customer’s authorization. The complaint alleges that Mays told the client he would be investing $50,000 for one year in stocks and commodities, telling him that after a year he could have his principal returned or take an interest in the investment partnership. In addition, the complaint alleges that Mays failed to disclose to his member firm that he was operating an unaproved outside business and failed to amend his U$ to disclose an unsatisfied federal tax lien.
Earlier in the year, in September 2013,  a grand jury in Nueces County, Texas, indicted William Charlton Mays on charges of securities fraud, money laundering, theft and securing the execution of a document by deception. The indictment alleges that Mays made ironclad guarantees to clients to induce them to invest in a purported gold, silver and commodities trading operation. The investments, which were sold in 2011 and 2012, were in the form of promissory notes and investment contracts.
To read the indictment, follow this link.
According to the FINRA Broker Check site, Mays was a registered representative for several FINRA broker dealers, as follows:
  • SWS Financial Services 01/2011-11/2011
  • Summit Brokerage Services, Inc. 04/2009-12/2010
  • LPL Financial Corporation 09/2004-04/2009
If you had an account with Mays and suffered losses, you may be able to recover all or a part of those losses 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

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