June 2020 -Lubbock, TX
The FINRA records of Tom “Bud” Arnett, Jr. , a stockbroker registered with Prospera Financial Services, Inc. , disclose a settled customer dispute.
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 December 2017, a customer of Prospera Financial Services, Inc. filed FINRA case #17-03328 alleging “gross mismanagement and investor abuse” in connection with the handling of his account from 1/2013-7/2015.. The case was settled for $34,000 with a $25,000 individual contribution from Arnett.
Arnett has been employed with Prospera Financial Services, Inc. since June 2009. Before that time he was employed with UBS Financial Services.
If you have questions about an account handled by Tom “Bud” Arnett, Jr. call for a no charge consultation with an experienced securities attorney.
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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