February 11, 2016- Richardson, Texas
Rex Securities Law is investigating Harris Wayne Kirk , a stock broker currently registered with Reef Securities, Inc.
Kirk’s FINRA record indicates that he has been named in 3 customer disputes. A FINRA arbitration filed filed by a customer was recently settled for $25,000. That arbitration sought damages of over $61,000 on oil and gas investments that were made while Kirk was employed by Reef Securities. The investor made the following allegations in that arbitration:
- failure to supervise
- failure to conduct independent due diligence
- failure to adequately disclose risks of investment
- breach of contract
Kirk was registered with Reef Securities from 2/1998-9/2013 , was discharged (see below) from Reef Securities in 2013 and next joined Chestnut Exploration Partners (now known as Texas E&P Partners) in 3/2014 where he worked until 2/2015. In 10/2015 Kirk rejoined Reef Securities.
Reef Securities made the following the following allegations related to his discharge in 9/2013:
“Actions inconsistent with corporate policy and management. Mr. Kirk provided inaccurate information regarding his outside business activities. “
According to FINRA, the products related to Kirk’s discharge from Reef Securities were oil and gas investments.
FINRA records report that as of on 10/23/2014 Kirk appeared to provide testimony in connection with a FINRA investigation to determine whether violations of the Federal securities laws or FINRA, NASD, NYSE or MSRB rules have occurred. That investigation is currently pending.
Reef Securities, Inc. has been registered with FINRA since 1993 and has about 15 financial advisors operating from their office in Richardson, Texas.
Reef Securities, along with various other broker dealers, has sold to investors numerous oil and gas investments sponsored by the Reef Oil and Gas Companies, including the following:
- Reef 2015 Oil & Gas Opportunity Fund
- Reef 2015 Income Fund
- Reef Bakken Bear Cat Drilling Fund
- Reef 2012-A Private Drilling Fund
- Reef 2011 Private Drilling Fund
- Reef 2010 Drilling Fund
- Reef 2009 Drilling Fund
- Reef 2007-2009 Drilling Program
- Reef Oil & Gas Drilling & Income Fund
- Reef Oil & Gas Income & Development Fund III
- Reef Oil & Gas Income & Development Fund IV
Texas E&P Partners (formerly Chestnut Exploration Partners and formerly Chestnut Energy Partners) was formed in 2002 and is registered in 50 states and territories. In July 2015, FINRA filed Disciplinary Proceeding #2014040501801 against the company and its CEO Mark A. Plummer alleging material misrepresentations and omissions in connection with the sale of a private placement oil and gas offering in the Chestnut 2007 4×4 Joint Venture. That matter, which is currently pending, seeks sanctions, disgorgement of ill gotten gains and other relief.
If you have losses in an account handled by Wayne Kirk you may be entitled to recover damages from his 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.
Rex Securities Law
Florida-561 391 1900