July 1, 2015-Langehorn, PA/ Boynton Beach, FL
The Securities and Exchange Commission (SEC) filed a civil action against Malcolm Segal, 69, of Langhorne, Pennsylvania and Boynton Beach, FL, alleging that between 2009 and 2014, he raised $15.5 million in proceeds through the fraudulent sale of CDs, approximately $8.1 million of with involved entirely non-existent CDs.
According to the SEC complaint, Segal used two phony companies, J&M Financial and National CD Sales to market the sale of the CDs.
According to FINRA records, Segal was registered with Aegis Capital from 4/2011-7/2014, when he was discharged for failing to cooperate with a FINRA investigation.
If you have losses in an account handled by Segal, contact us to learn how you may be able to collect damages from Segal’s employer.
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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TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870