October 29, 2015- Alice, Texas
The Texas State Securities Board announced that Michael Anthony Collins of Alice, TX, was indicted on charges of securities fraud, theft, and money laundering for allegedly stealing $5 million from investors who believed they were investing in a stock-trading operation, Collins Financial Group.
Collins was last registered to sell securities in 2008, a fact withheld from his victims. In addition, Collins failed to disclose that the IRS filed a tax lien of over $74,000 against him in 2013.
Most of the victims are located in and around Alice, Jim Wells County, 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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