Category Archives: ProEquities Inc.

Tom Till-Former ProEquities Broker-Discloses Settlement of Customer Dispute Involving Alternative Investments-Friendswood, TX

May 2018- Friendswood, TX

According to FINRA records,  Thomas  “Tom” A. Till  a stock broker who  is not currently registered and who last was employed in the industry by ProEquities Inc. , discloses the settlement of  FINRA arbitration 13-0021 in which a customer of ProEquities alleged various claims, including breach of fiduciary duty and misrepresentations in regard to his investment in three real estate investment trusts (REITs):

  • Inland Western
  • Behringer Harvard
  • Inland American

That case was settled for $30,000.

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.

Till was employed by ProEquities from 10/2000-7/2017, and discloses a business affiliations with APPS Financial Group and Compass Tax Solutions in Friendswood, TX.

Illiquid alternative investments such as REITs are often sold with the promise of a steady and dependable stream of income and the opportunity for a ‘liquidation event’ in 5-7 years. Many investors purchase alternative investments with the mistaken belief that they are similar to a bond investment.

If you have questions about losses  an account handled  by Tom Till , call for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

ProEquities Inc. , headquartered in Birmingham, Alabama, has been a FINRA member since 1985. They have over 1200 brokers in over 600 branch offices nationwide. ProEquities’ FINRA records disclose 60 prior regulatory events.

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

Bradley Freimark-Former ProEquities Broker-Subject of 25 Customer Disputes-Ostego, MN

May 2018- Otsego, MN

According to FINRA records,  Bradley J. Freimark  a stock broker who  is not currently registered and who last was employed in the industry by ProEquities Inc. , discloses 19 prior customer disputes that have been resolved and 6 customer disputes that are currently pending. Most of the customer claims relate to alternative investments such as REITs, equipment leasing investments, oil and gas investments, private placements, annuities and direct investments.

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.

Freimark was employed by ProEquities from 3/2000-8/2015.

Prior settlements for customers of Bradley Freimark total about $2 million and the pending claims seek about $1.5 million. These illiquid alternative investments are often sold with the promise of a steady and dependable stream of income and the opportunity for a ‘liquidation event’ in 5-7 years. Many investors purchase alternative investments with the mistaken belief that they are similar to a bond investment.

If you have questions about losses  an account handled  by Bradley J. Freimark , call for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

ProEquities Inc. , headquartered in Birmingham, Alabama, has been a FINRA member since 1985. They have over 1200 brokers in over 600 branch offices nationwide. ProEquities’ FINRA records disclose 60 prior regulatory events.

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

Ronald D. Clark-Summit Brokerage Services Broker-Discloses Pending Customer Disputes Involving REIT/Oil & Gas -Tampa, FL

March 2018 – Tampa, FL

According to publicly available records , Ronald D. Clark , (CRD# 1086724) ,  a  stockbroker who is employed by Summit Brokerage Services disclose  2 prior regulatory events, 2 pending customer disputes and 8 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.

Clark was suspended by FINRA for 15 business days in 2011 to resolve allegations that he participated in a private securities transaction without providing written notice to his former employer ProEquities, Inc.

In recently filed FINRA Case 17-02658, filed in December 2017, a customer of ProEquities Inc.  alleges that unsuitability, overconcentration and misrepresentation concerning their investments in real estate investment trusts (REITs). Damages of $450,000 are alleged.

In another pending matter, a customer of Summit Brokerage Services alleges that Clark did not properly use mutual fund break points from July 2014 to August 2016 and recommended an oil and gas investment that suffered losses. Damages are alleged to be $500,000.

In one of the prior customer disputes, a customer of ProEquities was paid $65,000 to resolve allegations that investments recommendations were unsuitable, cost of riders and surrender charges were not discussed and that a signature on a form was forged.

Clark has been registered with Summit Brokerage Services since 3/2009, and  discloses business affiliations with The Money Coach LLC, Money Matters of Tampa and Money Matters of Alabama. 

If you have questions about an account in an account handled by Ronald D. Clark , 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Brian A. Hagen-D.H.Hill Securities Broker-Discloses Employment Separation-Montgomery, TX

June 2017- Montgomery , Texas

According to publicly available records Brian Alan Hagen  (CRD#5189815) ,  a  stockbroker who currently is employed by  D.H. Hill Securities,   discloses  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 8/2016 Hagen was permitted to resign from his former employer ProEquities Inc. who alleged that Hagen had signed client names on four documents, including two Investment Policy Statements and two Board Resolutions for two 401K clients without permission.

Brian A. Hagen  has been employed by D.H. Hill Securities since  8/2016. Hagen discloses a business affiliation with Gallant Financial of Montgomery, TX.

If you have losses  in an account handled by Brian A. Hagen  contact us 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert K Smith- Former Berthel Fisher Broker-Discloses Customer Disputes- Mobile, Alabama

UPDATE MARCH 2017-In  April 2016 Robert K. Smith was suspended by FINRA for three. The suspension was lifted July 12, 2016.  Smith currently discloses a total of 13 prior customer disputes that are final. He is not currently registered with any broker dealer.

In one of the prior customer disputes, FINRA Case #15-0149, a customer or Proequities Inc. alleged damages of $500,000 for failure to adequately disclose liquidity risk, failure to perform adequate due diligence, lack of suitability and lack of supervision. That case was settled for $210,000.

ORIGINAL POST July 10, 2015- Mobile, Alabama

Rex Securities Law is investigating former stock broker Robert Keith Smith on behalf of a retiree  who believes he was sold unsuitable investments including Cypress Equipment Fund and Strategic Storage Trust.

According to FINRA records, Smith is not currently registered with FINRA. He was previously registered with Berthel Fisher & Company Financial Services from 6/2010 until 6/2014 when he was terminated by Berthel Fisher. Prior to that he was registered with ProEquities, Inc. from 5/2006-6/2010.

FINRA records reveal that Smith has been named  in  ten prior customer complaints, several of which involve alternative investments in oil & gas and real estate investment trusts (REITs)

If you have information you believe would be helpful in this investigation, please contact us. If you have losses in an account handled by Robert Keith Smith , call to learn how you may be entitled to collect damages from his former employing firm.

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