Category Archives: Crescent Securities Group

Stephen Hoshimi -Former Crescent Securities Group Broker- Discloses $23M+ in Settled Customer Disputes- Dallas, TX

April 2019- Dallas, TX

According to public records of Stephen J. Hoshimi  (CRD#1977772)  a  stockbroker previously employed by Crescent Securities Group, Capwest Securities and Securities America, disclose 4 regulatory events, 37 prior customer disputes and 2 terminations 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 April of 2018 without admitting or denying the findings, Hoshimi consented to the sanctions and to the entry of findings that he engaged in an outside business activity without providing prompt written notice of this activity to his member firm.      As a result of this Hoshimi was been barred from the securities industry by FINRA for three months and was given a fine of $5,000.

From December of 2009 until July of  2013, thirty-seven customer disputes were filed  by customers of Securities America, alleging various wrongdoing by Hoshimi including  negligence, misrepresentation, breach of contract, unsuitable recommendations,  improper asset allocation, violation of duties owed to the client and breach of fiduciary duty.   The total paid out to settle these prior customer disputes was in excess of $23 million.

In September of 2016, Hoshimi was allowed to resign from Crescent Securities Group after allegations of undisclosed business activities.  During the course of an examination, it was learned that Mr. Hoshimi had launched a website to promote a previously undisclosed outside business activity. 

 In October 2008, Hoshimi was discharged from Securities America for failure to follow firm policies and procedures relating to life settlement transactions and registered representative activities.

Hoshismi was with Crescent Securities Group, Inc. from December 2015 to September of 2016.    He was with Capwest Securities, Inc. from October 2008 until August 2010.    From July 1999 until October 2008 he was with Securities America, Inc.    

If you have questions about an account handled by  Stephen Hoshimi, 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  

Bill Lowell of Lowell & Company- Discloses Pending $6M Customer Suit-Lubbock, TX

February 2019- Lubbock, Texas

The FINRA records of William (“Bill”) Hamilton Lowell ,  a  financial advisor who is currently registered with Crescent Securities Group and Lowell & Company  disclose two prior regulatory issues and a  pending customer disputes.

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 currently pending FINRA case 17-3223 a customer of Lowell Asset Management alleges damages of $6,000,000 as a result of investments made in exchange traded funds (ETFs).

Bill Lowell owns over 75% of Lowell & Company where he serves as chief compliance officer and President. He has been registered with Crescent Securities Group since 1/2019.

If you have losses in an account handled by Bill Lowell call for a no charge consultation to learn about your options for recovery of 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