June 2018-Ft. Worth, Texas
According to FINRA records, three brokers at Ft. Worth based Rhodes Securities : Jim Gordon Rhodes, J Gordon Rhodes, and Marilyn R. Zehntner disclose the recent settlement of a large customer claim as well as a currently pending customer dispute.
In FINRA Case 16-3753 a customer of Rhodes Securities alleged breach of fiduciary duty, negligence and breach of contract related to equity and option investments. The customer sought damages of $2 million. The case was settled for $810,000.
In pending FINRA Case 17-2370 a customer of Rhodes Securities alleges unsuitable investments, breach of fiduciary duty and failure to supervise and is seeking damages in excess of $250,000.
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.
Jim G. Rhodes (CRD 813870) has been employed by Rhodes Securities since 1987 and is Chairman of the company.
J Gordon Rhodes (CRD4763582) is CEO and has been with Rhodes Securities since 2004.
Marilyn R. Zehntner (CRD 2645697), President and Chief Operating Officer has been employed by Rhodes Securities since 2004.
If you have questions about an account at Rhodes Securities, contact us 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.
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