APRIL 2018 UPDATE–Walt Parker suspended in connection with sale of alternative investments, assessed $7,500 fine by FINRA. Read more here.
UPDATE JULY 2017– Walter Parker discloses that FINRA arbitration 16-2349, discussed below, was settled in June 2017 for $70,000.
A complaint was filed by a customer of Titan Securities in connection with an investment in a real estate investment trust (REIT) alleging that the product was unsuitable and that the client did not understand that the product was illiquid. That case was settled in June 2017 for $37,119.
ORIGINAL POST-April 2017
The FINRA records of Walter W. Parker , a broker with Titan Securities disclose 2 pending customer disputes and 2 prior final customer disputes.
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 pending FINRA Case 16-2349 a customer of Titan Securities alleges that they were sold UDF (United Development Funding) which was unsuitable for the customer and he did not understand the risks and did not understand that UDF was illiquid. No amount of damages is stated in the claim.
In pending FINRA Case 15-2351 a customer of Titan Securities alleges damages of $211,975 related to an investment in a viatical settlement which the customer alleges is unsuitable and that it was misrepresented.
In a previous case, FINRA #16-1929, a customer of Titan Securities alleged damages of $50,000 related to an investment in UDF (United Development Funding) which the client states was unsuitable and that he did not comprehend the risks or the fact the investment was illiquid. That case was recently settled for $16,500.
Walter Parker has been employed by Titan Securities since 8/2006. Parker discloses a business relationship with InsuranceMakesMe Sick.com and InvestingMakesMeSick.com in Rowlett, TX.
Titan Securities is headquartered in Dallas, Texas, and has been a FINRA member since 2004. They have about 13 brokers located in 7 branch offices in:
- Arlington, TX
- Abilene, TX
- Overland Park, KS
- Dallas, TX
- Rowlett, TX
- Henrico, VA
- Kingston, OK
If you have losses in an account in an account handled by Walter Parker , contact us to discuss how you may be able to recover damages for those losses.
United Development Funding’s Office Raided by the FBI-for more information on recent problems for UDF, follow this link.
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