NEXT Financial Fined $265,000 by Securities Regulators

NEXT Financial Fined $265,000 by Securities Regulators

NEXT Financial Fined $265,000 by Securities Regulators 150 150 Rex Securities Law

December 16, 2014

NEXT Financial Group  entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between July 1, 2010 and December 31, 2011, in 19 transactions,  the firm purchased agency securities for its own account or sold agency securities to a customer at a price that was not fair and reasonable, and in doing so failed to observe high standards of commercial honor and just and equitable principles of trade. Case # 20110265211-01

NEXT Financial Group was censured, fined $265,000 and ordered to pay restitution to affected customers in the amount of $177,170, plus interest.

NEXT Financial was formed in 1998 by recently retired chairman Gordon D’Angelo and is headquartered in Houston, Texas.

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.

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