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Former Farmers Financial Solutions Broker James Reid Named in Regulatory Complaint

Former Farmers Financial Solutions Broker James Reid Named in Regulatory Complaint

Former Farmers Financial Solutions Broker James Reid Named in Regulatory Complaint 150 150 Rex Securities Law

In August 2014, FINRA filed a regulatory complaint against James Francis Reid of Cypress, TX, alleging that he converted over $21,000 of funds collected from customers intended for the payment of insurance premiums. The complaint alleges that instead of paying the premiums, Reid deposited them in his personal bank account. The complaint also alleges that Reid failed to appear and provide testimony to FINRA concerning the conversion of funds.

Farmers Financial Solutions terminated Reid in August 2013.

Rex Securities Law provides nationwide representation to investors 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

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