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Former Spire Securities Broker Richard Holliday Barred by FINRA in Connection With Loans from Customers

Former Spire Securities Broker Richard Holliday Barred by FINRA in Connection With Loans from Customers

Former Spire Securities Broker Richard Holliday Barred by FINRA in Connection With Loans from Customers 150 150 Rex Securities Law

August 2014-Belton, South Carolina

Richard Edward Holliday, formerly registered with Spire Securities, was barred by FINRA to resolve allegations that he borrowed $155,000 from customers and did not disclose the loans to his firm. The allegations stated that he provided false information in response to annual compliance questionaires which asked about the existence of loans from customers.

Brokerage firms have written supervisory procedures requiring brokers to disclose whether they have borrowed money from customers and most firms prohibit such borrowing.

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.

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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