Category Archives: Theft

Failure to Cooperate with Regulatory Investigation, Failure to Supervise, FINRA, Finra Investigation of Stockbroker, Founders Financial Securities, Massachusetts Securities Division, Securities & Exchange Commission (SEC), Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft

Bruce Worthington-Former Founders Financial Securities Broker-Discloses Regulatory Event, Pending Investigation, Termination & Customer Complaint-Middleton, MA

February 2019-Middleton, MA

According to publicly available records Bruce C. Worthington (CRD# 2193895) ,  a  stockbroker previously employed by Founders Financial Securities, discloses a pending regulatory event, a prior regulatory event, a  pending FINRA investigation,  a termination from employment and 2 currently outstanding judgement/liens.

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.

Massachusetts regulators recently filed  complaint #E·2018·0119 against Worthington claiming that  from 2006 to 2018,  he took money from at least one retired client Massachusetts customer and he used the investment money for his own personal use and benefit.   This retired client had trusted Worthington with his account for 15 years.

In December 2018 FINRA case #2018059894201 was initiated by  FINRA.   Worthington failed to respond to FINRA request for information and he was suspended indefinitely.

In 9/2018, the United States Securities and Exchange Commission began an investigation into Worthington after concerns arose about his receipt and disposition of customer funds prior to 2013.    This investigation is still pending.

Worthington  began working  for Founders Financial Securities in June of 2013.   He  was discharged in September of 2018, and Founders Financial made the following allegations on Worthington’s record:  “The firm terminated its relationship with Mr. Worthington after concerns arose about his receipt and disposition of customer funds prior to his association with Founders Financial Securities“.

Worthington discloses a business affiliation with LifeHouse Financial Group in Rowley, MA.

If you have losses in an account handled by Bruce Worthington, contact us for a no charge consultation to learn how you may be entitled to recover damages 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

Finra Investigation of Stockbroker, Invest Financial Corporation, Stockbroker Discharged, Stockbroker Malpractice, StockBroker Misconduct, Theft

Roger Kroeger-Former Invest Financial Broker-Discloses Criminal Suit & Termination-Ft. Lauderdale, FL

January 2019- Ft. Lauderdale, FL

According to publicly available records Roger Kroeger, (CRD# 1526864) ,  a  previously registered stockbroker who was last employed by Invest Financial Corporation, disclose a regulatory event, a pending criminal charge, a prior customer dispute and 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 2018, Kroeger consented to a sanction and to the entry of findings that he refused to appear for FINRA on-the-record testimony in connection with a FINRA investigation.   Kroeger violated FINRA Rules 8210 and 2010 and was barred from the securities industry.

In a pending criminal matter, Case17013278CF10A, Circuit Court in Broward County, FL , Kroeger is charged with 1 felony count of obtaining property of over $50,000 by fraud, one felony count of exploitation of elderly in the amount of $100,000 or more, three felony counts of  fraud -utter false instrument, two felony counts of grand theft first degree greater than $100,000, one felony count of grand theft greater than $20,000 and less than $100,000 and two felony counts of fraud-money launder trans $100,000 or more.  Kroeger  has pleaded not guilty to all charges and the matter is currently pending.

In December of 2017, a customer of Invest Financial Corporation alleged Kroeger misappropriated cash funds from the customer account. That case was settled in 4/2018 for $206,084.

Kroeger began working  for Invest Financial Corporation in 1990 and was discharged in 11/2017. Invest Financial makes the following allegation on Kroeger’s FINRA record: “Representative admitted to facilitating a loan to his sister from a senior client and was subsequently chard with multiple felony offenses in connection with these circumstances”.

If you have losses in an account handled by Roger Kroeger, contact us for a no charge consultation to learn how you may be entitled to recover damages 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

Ameritas Investment Corp, Failure to Supervise, FINRA, Finra Investigation of Stockbroker, Stockbroker Discharged, Stockbroker Malpractice, Theft

Kris Gaudet-Former Ameritas Broker-Discloses Fraud Investigation & Termination-Cut Off, LA

January 2019- Cut Off, LA

According to publicly available records  Kristian “Kris” M. Gaudet , a former stockbroker who  was registered with Ameritas Investment Corp., discloses a pending investigation involving allegations of fraud and a termination from employment.

The Financial 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.

Gaudet’s FINRA record indicate that in November 2018 FINRA commenced an investigation involving suspicions that Gaudet was involved in fraudulent activities.

Gaudet  worked for Ameritas Investment Corp.  from 10/2003-12/2018, when he was terminated. Ameritas made the following allegation on Gaudet’s FINRA record: “Registered Representative was using client funds for personal use.”

Gaudet discloses a business affiliation with Kris Gaudet Insurance & Financial Services.

If you have questions about account handled by Kristian M. Gaudet, contact us for a no charge consultation to learn about your legal options for recovery of losses.

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`

Ponzi Schemes, Securities & Exchange Commission (SEC), Stockbroker Malpractice, Theft

Rhino Capital Group Investment Losses? How to Recover Damages.

November 2018

We are investigating options for recovery of damages for investors who may have suffered losses on the following :

  • Global Credit Recovery
  • Delmarva Capital
  • DeVille Asset Management
  • Rhino Capital Holdings
  • Rhino Capital Group
  • Riverwalk Financial Corp.

The U. S. Securities & Exchange Commission has charged the following individuals with operating a Ponzi scheme that raised over $345 million from investors who believed they were investing in a business that collected and resold consumer debt:

  • Kevin B. Merrill                              Towson Maryland
  • Jay B. Ledford       Westlake, TX & Las Vegas, NV
  • Cameron R. Jezierski                      Fort Worth, TX

According to the SEC complaint, the more than 230 investor/victims include small business owners, restaurateurs, construction contractors, retirees, doctors, lawyers, accountants, bankers, talent agents, athletes and financial advisors.

Instead of using the investor funds as promised, the individual defendants stole much of it and used it to fund their lavish lifestyles which included:

  • A Ferrari costing $368,000
  • A seven carat diamond ring costing $330,000
  • $13 million paid to casinos
  • $10 million on high end cars (Bugatti, Rolls Royce, Lamborghini and others)
  • A private jet costing $500,000

If you are a victim of this fraud, contact us for a no charge consultation to learn how you may be able to recover damages for your losses.

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

Failure to Supervise, Fraud, Stockbroker Malpractice, Theft, Unsuitable Investments

How to Recover Losses on Behavioral Recognition Systems (BRS Labs) now known as Giant Gray-Houston, TX

October 2018-

The SEC has charged Houston based Behavioral Recognition Systems (now known as Giant Gray) and its CEO Ray C. Davis with soliciting over $28 million from investors and then diverting nearly $8 million for the former CEO’s personal benefit.

Investors were led to believe that their funds would be used only for working capital and to pay Davis a nominal salary. Instead BRS and Davis diverted funds using fake invoices and the funds were used to purchase antiques and to pay for jewelry, gold and fund the personal accounts of Davis and his wife.

If you made an investment in BRS through a licensed broker or financial advisor we can help you recover damages for your losses.

We do not charge to evaluate your case and we handle our cases on a contingent fee basis.

Call now for a no charge consultation to discuss your options for recovery.

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