Category Archives: NFP Advisor Services (now Kestra)

Austin Based NFP Advisor Services Fined $500K by Securities Regulators

July 16, 2015- Dallas Texas

NFP Advisor Services ( formerly NFP Securities, Inc.)   entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from December 2006- January 2014 , the firm failed to commit the necessary time, attention and resources to several critical regulatory obligations related to the supervision of its brokers, including:

  • failed to supervise the private securities transactions of 79 representatives
  • failed to preserve securities related emails
  • failed to approve and preserve advertising materials contained on websites
  • failed to update FINRA forms

AWC NO. 2011025618702

NFP Advisor Services was censured and fined $500,000.  

NFP   has been a FINRA member since 1997, is headquartered in Austin, Texas , has nearly 2,000 registered representatives in 673 branch offices nationwide.

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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