Category Archives: Prospera Financial Services

Michelle D. Drake-Former Rhodes Securities Broker-Discloses Discharge From Employment-Colleyville, TX

April 2017-Colleyville, Texas

The FINRA records of  Michelle Diane Drake ,  a  stockbroker who is currently  registered with   Prospera Financial Services  disclose 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.

 

Drake was discharged by Rhodes Securities 4/28/2015. Rhodes Securities made the following allegations on Drake’s FINRA record in connection with the discharge: “Failed to report a trade to home office when allocation was not received from Chris Anthony at 2:30pm. Failure to adhere to the supervision of (third party’s) heightened supervision, allowing trades to be placed in accounts outside of what the investment objectives stated for the clients account.”

Chris Anthony was discharged by Rhodes Securities on 4/28/2015 also. Anthony is currently named in a $2 million FINRA arbitration. See this for details. 

Drake was employed by Rhodes Securities from 8/2009-4/2015. She is currently registered with Prospera Financial Services in Colleyville, TX.

If you have losses in an account in an account handled by Michelle D. Drake  contact us to discuss how you may be able to recover damages for those losses.

Rhodes Securities is headquartered in Ft. Worth, Texas, and has been a FINRA member since 1987. The company is registered to transact securities business in all fifty states and the District of Columbia.

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

Ari M. Baum-Former Morgan Stanley Broker-Discloses Discharge & Pending Customer Dispute

New York

According to FINRA records,  Ari M. Baum  a stockbroker  who currently works  for Prospera Financial Services , discloses  a termination from employment and a currently pending customer dispute

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.

Baum discloses  that in 9/2014 he was discharged from Morgan Stanley Wealth Management. The company made the following allegation on Baum’s FINRA record: “Financial advisor altered the contents of an email sent internally related to a delayed banking transaction”.

In currently pending FINRA Case #16-0938, a customer of Morgan Stanley Smith Barney alleges damages of $1,285,000 for unsuitable transactions made in the account from 2013-2014.

Baum has been employed by  Prospera Financial Services since 10/2014. He was employed by Morgan Stanley from 11/2009-10/2014.

If you have questions about an account handled  by Ari M. Baum, call for a no charge consultation.

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

Rhonda J. Matthews-Former Prospera Financial Broker-Discloses Suspension

Austin, Texas

According to FINRA records,  Rhonda Janeen Matthews (aka Rhonda Allen)   a former stockbroker  who most recently worked  for Prospera Financial Services , discloses  a  regulatory event, a termination and 2 outstanding judgments/liens.

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.

Matthews discloses  that in 3/2016  she was suspended by FINRA for “failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance”. 

Matthews discloses that in 5/2013 she was discharged from Wells Fargo Advisors, who alleged that Matthews “failed to follow firm policy regarding the contacting of customers prior to each trade”.

Matthews was employed by  Prospera Financial Services from 6/2013-12/2015. Her prior employment includes Wells Fargo Advisors and Raymond James Financial.

If you have questions about an account handled  by Rhonda J. Matthews, call for a no charge consultation.

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

John M. Gregory-Former Citigroup Broker-Discloses Termination from Employment

White Plains, New York

According to FINRA records,  John M. Gregory   a stockbroker  who currently works  for Prospera Financial Services , 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.

Gregory discloses  that in 3/2015 he was discharged from CItigroup Global Markets. The discharge came following a review of documents in which the client signed documents in blan, some of which were later attached to prepopulated forms, and it appears that there is altered information on other forms, according to the company.

Gregory was employed by Citigroup Global Markets from 12/2010-4/2015. He has been employed by Prospera Financial Services since 4/2015.

 

If you have questions about an account handled  by John M. Gregory, call for a no charge consultation.

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