Category Archives: Failure to Supervise

Matthew King-Cambridge Investment Research Broker- Terminated From Employment-Corpus Christi, TX

June 2020- Corpus Christi, TX

The FINRA records of Matthew J. King, a broker currently employed  by Cambridge Investment Research Advisors, Inc. disclose a termination from employment.

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 September of 2019, King was permitted to resign from Ameriprise Financial  while suspended for company policy violations related to a disclosed outside business activity.

King has been employed with Cambridge Investment Research, Inc.  since October of 2019.   He was was employed with Ameriprise Financial Services, Inc.  from October 2008 until September 2019.

If you have questions about an account  handled by Matthew King ,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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Craig A. Foreman-Edward Jones Broker-Discloses Pending Customer Dispute-Odessa, TX

June 2020 -Odessa, TX

The FINRA records of Craig Alan Foreman  , a stockbroker registered with Edward Jones disclose a pending 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 8/2019 a customer of Edward Jones filed a complaint alleging that his son impersonated him in a phone call with the office administrator and the financial advisor.  A fraudulently signed withdrawal was faxed to the branch and funds were distributed to a bank account without the Claimant’s authorization.   Claimant alleges Edward Jones failed to take adequate steps to protect his assets and, in doing so, breached its fiduciary duty and acted negligently.   The alleged damages are $845,000 and the case is pending.

Foreman has been employed with Edward Jones since Edward Jones since 6/2014.

If you have questions about an account handled by Craig Foreman 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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Greg Estes-SA Stone Wealth Mgmt. Broker-Discloses Customer Dispute- San Angelo, TX

June 2020 -San Angelo, TX

The FINRA records of Gregory F.  Estes  , a stockbroker registered with SA Stone Wealth Management disclose a 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 5/2016 a customer of Sterne Agee Financial Services, Inc., filed a complaint alleging that Estes breached his fiduciary duties as financial advisor to the trustee of a trust which petitioner is the beneficiary, resulting in a loss of value.    The case was settled for $95,000.  Estes was personally responsible for $12,500 of that settlement.

Estes has been employed with Sterne Agee Investment Advisor Services since 6/2016 and with SA Stone Wealth Management since 6/2012..   Before that he was employed by Synergy Investment Group.

If you have questions about an account handled by Greg Estes 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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jason Hudson-Edward Jones Broker-Discloses Customer Dispute-Amarillo, TX

May 2020-Amarillo, TX

According to publicly available records Jason D. Hudson (CRD#6411443) a stockbroker with Edward Jones discloses a customer dispute which alleges undue influence.

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 September 2018, FINRA Case 18-02943 was filed by an executor for an estate alleging that the decedent mistakenly transferred funds from a joint account maintained with his wife to a joint account maintained by his wife and stepdaughter as a result of alleged undue influence by the stepdaughter and Hudson, the registered representative.    The case was settled for $30,000.

Hudson has been employed with Edward Jones since November of 2014.

Jason Hudson that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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

Michael Kamperman-Former HD Vest Broker-Discloses Regulatory Event, Customer Disputes and a Tax Lien-Waco, TX

May 2020-Waco, TX

According to publicly available records of Michael Kamperman (CRD#2002603) ,  a  former stockbroker who last worked for HD Vest Investment Services  discloses  a regulatory event, customer disputes and a tax lien.

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 FINRA Case 2016050400401, alleged Kamperman was suspended for 18 months and fined $20,000 to resolve allegations that he  made  investment recommendations in the 401(k) and IRA retirement accounts of customers  that were unsuitable based on the customer’s financial situation and needs, risk tolerance, investment experience and investment objectives.    The customers suffered over $407,000 in trading losses as a result.

In June of 2016, in FIRNA case 16-01641, a Prospera Financial Services customer alleged that their accounts decreased in value, their investments were not suitable, were over concentrated and that they were not informed of the risk associated with their investments.   Breach of fiduciary duties and contract were also alleged.    The case was settled for $320,000.

In February 2016, the IRS filed an $81,000 tax lien in McLennan County, Texas against Kamperman.

Kamperman was employed with HD Vest Investment Services  from December 2014 until June of 2017.   Before that he was Prospera Financial Services, Inc. and UBS Financial Services, Inc.

If you had an account with Michael Kamperman   that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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