fbpx

Sanders Morris Harris Sanctioned by Securities Regulator

Sanders Morris Harris Sanctioned by Securities Regulator

Sanders Morris Harris Sanctioned by Securities Regulator 150 150 Rex Securities Law

December 31, 2014-Houston, Texas 

Sanders Morris Harris, Inc.  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that in 2012, as a result of an inaccurate deferred tax balance calculation, the firm inaccurately calculated its excess capital and approved an $11.6 million distribution to its owners, causing the filing of inaccurate FOCUS filings in violation of NASD, FINRA and SEC rules.

Sanders Morris Harris was censured and fined $85,000.

FINRA Case # 20130364468301

Sanders Morris Harris has been registered with FINRA and the SEC since 1987 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

This site is protected by wp-copyrightpro.com