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Monthly Archives :

February 2016

LPL FIned $95,000 by Texas State Securities Board for $2 Million Loan to Broker by Customer

LPL FIned $95,000 by Texas State Securities Board for $2 Million Loan to Broker by Customer 150 150 Rex Securities Law

February 18, 2016- The Texas State Securities Board reprimanded LPL Financial and ordered the company to pay a $95,000 fine for supervisory failures that led to one of their brokers…

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Brokerage Firm Rankings by Total Revenue-2015- The Investment News

Brokerage Firm Rankings by Total Revenue-2015- The Investment News 150 150 Rex Securities Law

February 22, 2016 The Investment News recently announced 2015 Broker Dealer rankings, by Total Revenue.   Firm Total revenue ▼ 1 LPL Financial LLC $4,293,898,569 2 Ameriprise Financial Services Inc. $3,738,344,789…

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Texas REIT United Development Funding IV Receives Grand Jury Subpoena Following FBI Raid

Texas REIT United Development Funding IV Receives Grand Jury Subpoena Following FBI Raid 150 150 Rex Securities Law

February 22, 2016- Grapevine, Texas United Development Funding IV (UDF IV)  reports that they have been subpoenaed to turn over company documents to a grand jury.  In an SEC filing…

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PTI Securities & Futures LP Facing Sanctions by Texas State Securities Board

PTI Securities & Futures LP Facing Sanctions by Texas State Securities Board 150 150 Rex Securities Law

February 8, 2016- Austin , Texas The Texas State Securities Board (TSSB) has filed a Notice of Hearing to determine whether PTI Securities & Futures, L.P. should by reprimanded and…

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Ronald Harrison-Former GWN Securities Broker-Sanctioned by Regulator-Carrollton, TX

Ronald Harrison-Former GWN Securities Broker-Sanctioned by Regulator-Carrollton, TX 150 150 Rex Securities Law

February 16, 2016- Carrollton, Texas The Texas State Securities Board (TSSB) has suspended Ronald Eugene Harrison of Carrollton, Texas, for 90 days and assessed a fine of $5,000 to resolve…

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United Development Funding Offices Raided by FBI- Grapevine, Texas

United Development Funding Offices Raided by FBI- Grapevine, Texas 150 150 Rex Securities Law

February 19, 2016- Grapevine, Texas The FBI raided the offices of United Development Funding (UDF) yesterday causing the shares of its largest fund United Development Funding IV to fall over 50%,…

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Rex Securities Law Investigates Former HJ SIms/ Newbridge Securities Broker Michael Stern- Boca Raton, FL

Rex Securities Law Investigates Former HJ SIms/ Newbridge Securities Broker Michael Stern- Boca Raton, FL 150 150 Rex Securities Law

February 18, 2016- Boca Raton, FL Rex Securities Law is investigating broker Michael B. Stern, who until January 2016 was  registered with H.J. Sims & Co. From 2/2004-8/2013 he was registered with Newbridge…

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West Palm Beach Man- Cecil Speight- Sentenced for Securities Fraud

West Palm Beach Man- Cecil Speight- Sentenced for Securities Fraud 150 150 Rex Securities Law

February 12, 2016 Cecil F. Speight of West Palm Beach, Florida, was sentenced to 42 months in prison following a guilty plea to conspiracy to commit mail and securities fraud.…

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VSR Financial Services Ordered to Pay Couple $307,000 For Recommendation of Alternative Investments

VSR Financial Services Ordered to Pay Couple $307,000 For Recommendation of Alternative Investments 150 150 Rex Securities Law

February 17, 2016 A FINRA (FInancial Industry Regulatory Authority) arbitration panel recently ordered VSR Financial Services to pay  a Louisiana couple  over $300,000 in damages for losses on non-traded real estate…

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