May 2018 – Georgetown, TX
According to FINRA records, Michael T. Marcom , a stockbroker who is currently employed by NEXT Financial Group ., disclose 4 prior 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 1/2011, a dispute filed by a customer of Marcom’s prior employer, Investment Professionals, Inc., alleging unauthorized trades, excessive trades and unsuitable investment recommendations, was settled for $25,500.
Another dispute filed by an Investment Professionals, Inc. customer alleged that Marcom’s recommendation to invest 60% of the customer’s retirement funds be put in reverse convertible bonds was unsuitable. This case was settled for $75,000 .
A third case, also filed by an Investment Professionals customer, alleged that the representative made excessive trades, unauthorized trades and unsuitable investment recommendations. The case settled for $40,500.
Michael Marcom has been employed with NEXT Financial since January 2009. He was employed with Investment Professionals, Inc. from 4/2005-1/2009.
If you have losses in an account handled by Michael Marcom or believe that your account has been mishandled, contact us for a no charge consultation to discuss your legal 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.
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