The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In a currently pending FINRA Case #16-03555 a customer Hebner’s while he was employed by RBC Capital Markets and Wunderlich Securities alleges damages of $429,000 for unsuitable recommendations in oil and gas investments between 2010-2014.
Hebner discloses that in January 2015 he was discharged from Wunderlich Securities for failure to follow firm procedures regarding the approval and retention of correspondence.
Hebner has been employed by IFS Securities since 2/2015. He was employed by Wunderlich Securities from 10/2010 and prior to that by RBC Capital Markets.
If you have questions about an account handled by Michael J. Hebner , call for a no charge consultation.
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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