Category Archives: R.M. Duncan Securities

Calton & Associates/R.M. Duncan Named in Regulatory Complaint For Unfair Bond Sales

December 31, 2014

The Department of Market Regulation of FINRA filed an action against Calton & Associates and R.M. Duncan Securities, Inc. and several registered representatives alleging that in connection with the sale of “Ravenwood Bonds”, they charged customers prices that were not fair or reasonable and engaged in deceptive, dishonest and unfair practices.

The Ravenwood Bonds are Maryland St Economic Dev Corp SR-Ravenwood Healthcare FAC-A Bonds, Cusip 57420UAK1, with a coupon rate of 8.75% and a maturity date of 8/1/2027.

The individuals named in the complaint are:

  • Randall M. Duncan
  • Stephen B. Murchison
  • Kenneth R. Harter

The pleading alleges that the bonds were sold to customers at prices that were 60% higher than the prevailing market price.

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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