June 2018- Beverly Hills, CA
The FINRA records of Herbert Voss, Jr. , a former stock broker who was last employed by StockCross Financial Services , disclose a regulatory event, a pending customer dispute, 7 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 May 2018 FINRA permanently barred Voss from the securities industry after he failed to appear before FINRA for on the record testimony concerning a customer complaint alleging that Voss had engaged in unauthorized trading in the customer’s account.
Prior settlements with customers include:
- In 2/2017 a customer of StockCross Financial alleged that Voss made unsuitable investment recommendations. That case was settled for $900,000 in 12/2017.
- In FINRA case 10-1389 a customer of his former employer UBS Financial alleged that Voss charged excessive commissions and made unauthorized trades. That case settled for $950,000.
In currently pending FINRA arbitration #17-03505 a customer of Stockcross Financial alleges poor performance, fiduciary breach and failure to supervise. The customer seeks damages of $550,000.
Voss was employed by StockCross Financial since 7/2009 until 5/2018 when he was discharged after a customer alleged unauthorized trading in options.
If you have questions about an account handled by Herbert Voss, Jr. , 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.
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