Category Archives: Eagle One Investments

Clyde D. Jones-Titan Securities Broker-Discloses Customer Disputes Over Viatical Settlements-Whitesboro, Texas

MAY 2018 UPDATESee this for update. 

ORIGINAL POST-April 2017-Whitesboro, Texas

The FINRA records of  Clyde D. Jones ,  a   stockbroker who is currently registered with Titan Securities disclose 2 pending customer disputes, 2  prior final customer disputes involving viatical settlements 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 FINRA case #15-02868 a customer of Titan Securities alleged damages of $425,649 for an unsuitable recommendation to invest in a viatical settlement. That case was settled in 12/2016 for $100,000.

In FINRA case#15-2480 a customer of Titan Securities alleged damages of $133,680 for misrepresentation and unsuitability in connection with an investment in a viatical settlement. That case was settled in 8/2016 for $135,768.

Jones  discloses two currently pending customer disputes involving viatical settlements. One alleges damages of $100,001 and another alleging damages of $108,672.

Viatical Settlement

A viatical settlement is a contract whereby a person diagnosed with a terminal illness sells their life insurance policy for less than its face value in order to obtain a portion of the proceeds while still alive. The buyer (investor) obtains the full value of the policy upon the death of the insured.

Jones has been employed by Titan Securities since 9/2015. From 1/2013-11/2014 he was with EDI Financial. Prior to that he was with Titan Securities from 8/2008-12/2012. In 8/2008 he was discharged from Eagle One Investments for failing to notify compliance about a customer complaint. In 4/2000 he was permitted to resign from Invest Financial Corp. 

If you have losses in an account in an account handled by Clyde D. Jones or if you have losses on an investment in Viatical Settlement  , contact us to discuss how you may be able to recover damages for those losses.

Titan Securities is headquartered in Dallas, Texas, and has been a FINRA member since 2004. They have about 13 brokers located in 7 branch offices in:

  • Arlington, TX
  • Abilene, TX
  • Overland Park, KS
  • Dallas, TX
  • Rowlett, TX
  • Henrico, VA
  • Kingston, OK

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

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Florida-561 391 1900