Category Archives: Concorde Investment Services

Meredith A. McCutchen-Former Berthel Fisher/Concorde Investment Broker-Settles Customer Suit-Houston, TX

May 2018-Houston, Texas

According to FINRA records,  Meredith Ann McCutchen   a stock broker who was previously  employed by Concorde Investment Services and Berthel Fisher and who is currently employed by Moody Securities , discloses a recent settlement of a customer complaint.

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 17-02096 a customer of McCutchen, while employed by Berthel Fisher and Concorde Investments, alleged that their account was mishandled by McCutchen. The investments involved were Oil and Gas and Real Estate securities. In January 2018, the customer was paid $44,000 to resolve the arbitration.

McCutchen has been employed by Moody Securities since 3/2016.

If you have questions about losses  an account handled  by Meredith A. McCutchen, call for a no charge consultation to learn how you may be able to recover damages.

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

Investigation-Frank T. Dunn, Jr.-Concorde Investment Services-The Woodlands, TX

The Woodlands, Texas

We are investigating the sales practices of Frank Timothy Dunn, Jr. a broker who has been employed by Concorde Investment Services since 10/2014. In publicly available records Dunn discloses a business affiliation with Capstone Financial Consultants LLC , 1031 TaxSavings.com and an accounting practice located in the Woodlands, TX.

Dunn also discloses two prior regulatory events, one with the NASD, now known as FINRA, and one with the Oregon Division of Finance and Corporate Securities, both of which resulted in monetary sanctions.

 

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 16-0611 a  customer of Waveland Capital Partners sought damages of $452,388, alleging misrepresentation, breach of fiduciary duty in relation to a tenant in common investment (1031 exchange). That case was settled for $22,500.

In FINRA case 12-3742 a customer of EPlanning Securities sought damages of $1 million alleging misrepresentation, negligence and breach of fiduciary duty in connection with tenant in common investments. That case settled for $67,000.

Prior to his employment with Concorde Investments Services, Dunn was registered with Steven L. Falk & Associates from 5/2010-10/2010 , EPlanning Securities 4/207-12/2008, and with Waveland Capital Partners from 7/2003-4/2007.

If you have information which you believe is helpful to this investigation we would appreciate hearing from you.

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

Jill Cody (Tramontano)-Former Concorde Investment Services Broker-Barred From Securities Industry-Spring Lake, NJ

September 2017

According to publicly available records Jill M. Cody , (CRD# 4333419) ,  a  former stockbroker who last worked for Concorde Investment Services  , has numerous disclosures: 

  • 1 prior regulatory events
  • 8 currently pending customer disputes
  • 1 currently pending regulatory investigation

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 2/2017 Jill Cody (aka Jill Tramontano)  was permanently barred from the securities industry by FINRA to resolve allegations that she permitted Richard Cody, to whom she was then married, and who had been suspended by FINRA to engage in the securities business while suspended.

Currently pending customer disputes include:

  • 8/2017-In FINRA Case 17-0279 a customer of Westminster Financial Securities and Concorde Investments alleges damages in excess of $5,000 for fraud, deceit and mismanagement of accounts.
  • 3/2017-A customer of Westminster Financial Securities & Concorde Investments  seeks damages in an unstated amount and alleges that funds were taken by Cody.
  • 3/2017-A customer of Merrill Lynch, Park Avenue Securities, Columbia Management, Westminster Financial Securities and Concorde Investment Services seeks damages in an unstated amount and alleges that Cody misappropriated funds and forged documents.

For information on Jill Cody’s former husband, Richard Cody, follow this link. Cody discloses a business affiliation with Boston Investment Partners.

We are interested in speaking with former customers of Jill Cody (aka Jill Tramontano ) and Richard G. Cody. 

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

Scott D. Offerman-Former Concorde Investment Services Broker-Discloses Termination from Employment/ Liens-New York

June 2017- New York

According to publicly available records Scott David Offerman  (CRD#4619093) ,  a  stockbroker who currently is employed by Sandlapper Securities  discloses a termination from employment and 9 outstanding judgment/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.

In 4/2017 Scott Offerman was permitted to resign from Concorde Investment Services for “failure to disclose Form U4 reportable liens in a timely manner”.

Offerman discloses tax liens to the Recorder of Deeds in Trenton, NJ, New York, NY and  Albany, NY. He also discloses a tax lien in the amount of $12,649 to the New York Department of Taxation and Finance.

Offerman was employed by Concorde Investment Services 1/2013-4/2017. Prior to that he was employed by Park Avenue Securities.

 

If you have questions about an account handled by Scott D. Offerman , contact us 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

RIchard G. Cody-Former Concorde Investment Services Broker-Charged With Fraud by SEC-Spring Lake, NJ

UPDATED SEPTEMBER 2017– Spring Lake, New Jersey

According to publicly available records Richard G. Cody , (CRD# 2794558) ,  a  currently unregistered stockbroker who last worked for IFS Securities  , has numerous disclosures: 

  • 1 pending and 2 prior regulatory events
  • 1 civil lawsuit
  • 18 currently pending customer disputes
  • 3 prior customer disputes
  • 2 currently pending regulatory investigations
  • 1 termination from employment
  • 1 outstanding judgment/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 December 2016 the SEC instituted litigation charging Cody with defrauding his retired clients by concealing the fact that their retirement accounts had suffered extensive losses and that the monthly payments they were receiving were exhausting their retirement savings. The SEC alleges that Cody concealed their substantial losses by making materially misleading statements, leading the clients to believe that their investments were maintaining steady value and that their monthly withdrawals were being financed by investment gains.

Currently pending customer disputes include:

  • 8/2017-In FINRA Case 17-2035 a customer of Westminster Financial Securities and Concorde Investments alleges damages in excess of $5,000 for fraud, deceit and mismanagement of accounts.
  • 8/2017-In FINRA Case 17-0279 a customer of Westminster Financial Securities and Concorde Investments alleges damages in excess of $5,000 for fraud, deceit and mismanagement of accounts.
  • 4/2017-A customer of Westminster Financial Securities seeks damages of $164,358 and alleges that Cody misrepresented account balances.
  • 3/2017-A customer of Concorde Investment Services seeks damages of $150,000 and alleges that Cody misappropriated funds and forged documents.
  • 3/2017-A customer of Concorde Investment Services seeks damages of $25,000 and alleges that Cody misappropriated funds and forged documents.

Richard G. Cody‘s employment in the securities industry includes IFS Securities, Concorde Investment Services and Westminster Financial Securities.

In September 2016 Cody was discharged by IFS Securities who alleged that Cody was “selling away” from the firm and had forged documents.

For information on Richard Cody’s ex-wife Jill Cody (Tramontano) who has been barred from the securities industry and who faces a number of customer suits, follow this link.

We are interested in speaking with former customers of Richard G. Cody and Jill Cody (Tramontano). 

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