Category Archives: Churning

Bradley Scott-LPL Financial Broker- Discloses $1.4 Million Customer Settlement- Mansfield, TX

November 2018-Mansfield, TX

According to publicly available records Bradley Kyle Scott , (CRD# 4381014) ,  a  stockbroker who currently employed by LPL Financial who was previously registered with Southwest Securities, Inc., (now Hilltop Securities)   disclose the settlement of a customer dispute for $1.4 million.

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 August 2016, a customer of  Southwest Securities, Inc., who filed FINRA Case 15-2556 alleging  unauthorized discretion and trading, unsuitable investments, poor performance and misrepresentation, was paid $1.4 million to settle the case. Scott contributed $250,000 personally to the settlement.

Scott was employed by Southwest Securities, Inc. from April 2009 until September 2015.   He has been employed by LPL Financial Services since 8/2015. Scott discloses a business affiliation with Rushing Scott Wealth Management in Mansfield, TX.

If you have losses in an account in an account handled by Bradley Kyle Scott, contact us for a no charge consultation to learn how you may be able to recover damages from his employer through FINRA arbitration.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Cecil Allen Ross- LPL Financial Broker- Discloses Customer Dispute- San Angelo, TX

November 2018-San Angelo, TX

According to publicly available records Cecil Allen Ross , (CRD# 2391047) ,  a  stockbroker who was previously registered with Raymond James Financial Services, Inc.,  disclose a prior 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 October of 2015 a customer of Raymond James Financial Services, Inc.,  was awarded $100,000 by a FINRA arbitration panel to resolve allegations that Ross had sold unsuitable investments and engaged in excessive trading. FINRA Case 14-2745.

Ross was employed by Raymond James Financial Services from August 2004 until October 2014.   He has been employed by LPL Financial Services since 9/2014.

If you have losses in an account in an account handled by Cecil Allen Ross, contact us for a no charge consultation to learn how you may be able to recover damages from his employer through FINRA arbitration.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Gary Lee Miller-Former LPL Financial Broker-Discloses Customer Dispute Involving Annuities- Eau Claire, WI

October 2018 – Eau Claire, WI

According to publicly available records Gary Lee Miller   (CRD#2669776) ,  a  former stockbroker who was last employed by LPL Financial  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 January of 2017, a customer of SII Investments and LPL Financial,  filed FINRA case #17-032  alleging that Miller recommended frequent switching of unsuitable variable annuities.    That case was settled for $275,000.

Gary Lee Miller worked for SII Investments from  October of 1998 until October of 2014 and was employed by LPL Financial from October 2014 until May of 2016. Miller also discloses a business affiliation with Mutual Financial Group and Mutual Insurance Group.

If you have questions about an investment account handled by Gary Lee Miller, contact us for a no charge consultation to learn about your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Joel Blumenschein – Former Freedom Investors Corp. Broker -Discloses a Regulatory Event and Customer Dispute- Brookfield, WI

September 2018 – Brookfield, WI

According to publicly available records Joel Blumenschein  (CRD#1372334) ,  a  stockbroker who formerly was registered with Freedom Investors Corp.  disclose a Regulatory Event and a pending customer dispute which alleges churning.

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 April of 2012,  Blumenschein agreed to a three month  suspension and a $30,000 fine to resolve FINRA allegations that he mishandled a customer account.

In a pending dispute a customer of Freedom Investors alleges that Blumenschein churned and made unsuitable investments in their account from 2013-2016. A damage amount is not specified.

Blumenschein worked for Freedom Investors Corp. from 11/2002-8/2017. He is currently employed by KCD Financial.

If you have questions about an investment account handled by Joel R. Blumenschein, contact us for a no charge consultation to learn about your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870