Garland Texas Broker Sanctioned by FINRA

Lloyd J. Chappell of Garland, Texas was suspended for four months and received a deferred fine of $5,000 by the Financial Industry Regulatory Authority (FINRA) on findings that on two occasions he contacted an investment company where one of his former customers held an account and impersonated the customer.  According to the findings, Chappell altered his voice and provided personal data in order to obtain  information related to the account, without the customer’s knowledge or consent.

According to FINRA records, Chappell was registered with BFT Financial Group of Bedford, Texas 8/2013-12/2013 and with Park Avenue Securities from 1/2000-4/2013.

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.

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