Category Archives: Legacy Financial Services

Glenn Lattz-Gradient Securities Broker-Discloses Pending Customer Suits-Lady Lake, FL

May 2018-Lady Lake, FL

The FINRA records of  Glenn Patrick Lattz ,   a  stockbroker who is employed by  Gradient Securities disclose 2 prior regulatory events, 2 pending customer disputes, 3 prior customer disputes and a termination 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 2015 the Florida Department of Financial Services placed Mr. Lattz on one year probation and assessed a fine of $3,500 to resolve allegations that Mr. Lattz made misrepresentations on an annuity application, misrepresented the terms and conditions of an annuity, and advertised an agency location that was not licensed or registered with the Department. Case #169403-15-AG.

In pending FINRA arbitration 18-01227, a customer of Gradient Securities alleges that from 12/2017-2/2018  Mr. Lattz liquidated the customer’s annuities subjecting them to penalties and losses. Damages of $150,000 are sought.

In a state court case 14-CA-9767, pending in Hillsborough County, FL, a customer of Mr. Lattz former employer, Legacy Financial Services, alleges elder abuse, negligence, misappropriation of funds and other claims in connection with the purchase of an insurance policy. Damages of $240,000 are being sought in that matter.

Glenn Lattz has been employed by Gradient Securities since 12/2009.

If you have losses in an account  handled by Glenn Lattz, contact us 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, at no cost to you.

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

Thomas Schober- Former SII Investments Stockbroker-Sued by Customer Over Annuity Investments

UPDATE MARCH 2017Thomas Schober, formerly a broker with SII Investments discloses a pending customer dispute and two prior customer disputes that have been resolved. All of the disputes relate to investments in annuities.

In the currently pending FINRA arbitration #16-02558, a customer or SII Investments alleges damages of $350,000 for unsuitable investments in variable and fixed annuities.

ORIGINAL POST–March 3, 2016– Westborough, MA

Thomas P. Schober , a broker with SII Investments, entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that  he recommended unsuitable annuity exchanges in the accounts of two senior customers (ages 83 and 84)  and then concealed the source of the funds on the annuity transaction documents in violation of FINRA rules.

The AWC alleges finds that the investors, one of which suffers from dementia, were conservative investors with limited financial means and counted on the income from their investments to fund their retirement. Schober made the following trades, per FINRA:

JM (1)

LP

Since all of the exchanged were still in the surrender period, the customers paid $154,642 in surrender charges thereby generating a huge commission for Schober and his employing firm  SII Investments.

AWC No.  2015044007001

Schober was permanently barred from association with any FINRA member in all capacities.

FINRA records disclose that Schober was registered with SII Investments from 6/2007 to 1/2015. Prior to that Schober was registered with Legacy Financial Services 8/1998-6/2007.

If you suffered losses in an account handled by Thomas Schober, you may be able to recover damages from his employer.

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