February 23, 2016- Coral Springs, FL
Securities America entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from March 2009 through July 2009 the company permitted one of its brokers to sell Preferred Notes of CSMIF without first conducting adequate due diligence regarding this product.
AWC No. 2013036692002
Securities America was censured and was fined $250,000.
If you have losses in an account at Securities America, contact us to find out how you may be able to recover damages through FINRA arbitration.
Securities America broker Stuart Horowitz suspended for one year and fined $100,000.
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.
Florida-561 391 1900