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Alabama Securities Commissioner

LPL Financial to Pay $26M to Resolve Regulatory Investigation

LPL Financial to Pay $26M to Resolve Regulatory Investigation 150 150 Rex Securities Law

May 2018 The North American Securities Administrators Association (NASAA) announced that a settlement has been reached between state securities regulators and LPL Finanical requiring LPL Finanical to repurchase from investors…

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Judy K Morehead-Former Navarre Beach Chamber CEO-Charged With Securities Fraud-Navarre Beach, AL

Judy K Morehead-Former Navarre Beach Chamber CEO-Charged With Securities Fraud-Navarre Beach, AL 150 150 Rex Securities Law

June 2017-Navarre Beach, Alabama The Alabama Securities Commission announced that Judy Kay Morehead of Henry County, Alabama, turned herself in to the Henry County Jail upon an arrest warrant charging…

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Douglas Hardwick-Former Texas Securities Broker-Sanctioned for Sale of Oil & Gas Investments

Douglas Hardwick-Former Texas Securities Broker-Sanctioned for Sale of Oil & Gas Investments 150 150 Rex Securities Law

May 2017 – Carrollton, TX According to publicly available records Douglas R. Hardwick  (CRD#4522610) ,  a  stockbroker currently not registered, but who was previously registered with  Texas Securities, Inc.,  discloses a pending regulatory…

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Terry Joe Bagwell – Former Pruco Securities Broker-Discloses Numerous Customer Dispute Settlements-Birmingham, Alabama

Terry Joe Bagwell – Former Pruco Securities Broker-Discloses Numerous Customer Dispute Settlements-Birmingham, Alabama 150 150 Rex Securities Law

 Birmingham, Alabama UPDATE MAY 2017 FINRA records disclose that Terry Joe Bagwell has 3 currently pending and 11 prior final customer disputes.  Bagwell is not currently registered as a stockbroker. He…

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William Blane of Vero Beach, FL, Pleads Guilty to Securities Fraud

William Blane of Vero Beach, FL, Pleads Guilty to Securities Fraud 150 150 Rex Securities Law

January 29, 2015-Montgomery, Alabama The Alabama Securities Commission announced that William Chris Blane of Vero Beach, FL, pleaded guilty to four counts of securities fraud in connection with the offer…

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Scott Frye Asks to Serve Sentences for Securities Fraud Concurrently-Alabama

Scott Frye Asks to Serve Sentences for Securities Fraud Concurrently-Alabama 150 150 Rex Securities Law

January 21, 2015-Coffee County, Alabama Scott Alan Frye, formerly of Knoxville, Tennessee, who in April 2011 was found guilty of selling unregistered securities and sentenced to 20 years in prison…

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Former Houston County Attorney Mitch McNab Pleads Guilty to Securities Fraud

Former Houston County Attorney Mitch McNab Pleads Guilty to Securities Fraud 150 150 Rex Securities Law

December 17, 2014-Montgomery, Alabama The Alabama Securities Commission announced that Frederick Mitchell “Mitch” McNab of Dothan, Alabama, pleaded guilty to 55 criminal charges , including 25 securities related charges which…

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Securities America Broker James McLaughlin Barred by Regulators for Churning Accounts

Securities America Broker James McLaughlin Barred by Regulators for Churning Accounts 150 150 Rex Securities Law

November 25, 2014-Westover, Alabama James Mark McLaughlin was permanently barred from the securities industry by the Financial Industry Regulatory Authority for excessive trading (churning) customer accounts, unsuitable short term trading…

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Alabama Securities Commission Warns of Swindlers in Church

Alabama Securities Commission Warns of Swindlers in Church 150 150 Rex Securities Law

The Alabama Securities Commission warns of swindlers who claim loyalty to your group, whether it be a church group or other group or association. Fraud targeting  religious groups continues to be…

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