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Rex Securities Law-BLOG

Nationwide representation of victims of stockbroker fraud and the malpractice of investment professionals.

Cetera To Buy Walnut Street/Tower Square Securities
Cetera To Buy Walnut Street/Tower Square Securities 150 150 Rex Securities Law
Cetera Financial Group announced April 5, 2013, that they are purchasing  two independent broker dealers, Tower Square Securities and Walnut Street Securities, from MetLife Inc. Cetera Financial Group currently includes: Cetera Advisors Network (formerly Financial Network Investment Corp.) Cetera Financial Institutions (formerly PrimeVest Financial Services) Cetera Financial Specialists (formerly Genworth Financial) The acquisition of Walnut Street and Tower Square will bring another 800 financial advisors to Cetera , for a total of over 7000, and is a continuation of Cetera’s expansion efforts. Cetera Financial Group will have over $130 billion in client assets following the merger of Walnut Street and Tower Square into Cetera Advisors Network. read more

Why Are Brokerage Firms Suing Their Former Stock Brokers ?
Why Are Brokerage Firms Suing Their Former Stock Brokers ? 150 150 Rex Securities Law

Many investors may not be aware of the fact that in the brokerage industry when a stock broker moves from one broker dealer to another, unless he is a poor…

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MMl Investors Services & Broker Karen Michel Hit With $1.1 Million Arbitration Award
MMl Investors Services & Broker Karen Michel Hit With $1.1 Million Arbitration Award 150 150 Rex Securities Law

A FINRA arbitration panel ordered MML Investors Services, a MassMutual company, and Karen Michel, a former MML branch manager to pay a California investor $1.1 million for losses suffered on…

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LPL Financial Hit wtih $8.5M Investor Claim
LPL Financial Hit wtih $8.5M Investor Claim 150 150 Rex Securities Law

Recent press reports that LPL Financial, already beleaguered with investigations by securities regulators from Illinois, Montana, Oregon, Pennsylvania and Massachusetts and an onslaught of investor suits seeking recovery of losses…

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Securities Regulators Issue Warning- Oil & Gas Investment Fraud
Securities Regulators Issue Warning- Oil & Gas Investment Fraud 150 150 Rex Securities Law

The North American Securities Administrators Association (NASAA) was formed in 1919 and is comprised of  the state securities regulators. NASAA has issued a warning to investors regarding oil & gas…

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FINRA Fines Nobles & Richards -Plano,TX-For Inadequate Disclosure on Oil & Gas Private Placements
FINRA Fines Nobles & Richards -Plano,TX-For Inadequate Disclosure on Oil & Gas Private Placements 150 150 Rex Securities Law

Nobles & Richards, Inc. is a broker dealer located in Plano, TX that sells Oil and Gas private placements and limited partnerships. The company was formed in 2007 and its…

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LPL Financial-Growth Causing Growing Pains-Trouble With Securities Regulators
LPL Financial-Growth Causing Growing Pains-Trouble With Securities Regulators 150 150 Rex Securities Law

The New York Times today reported that LPL Financial, an independent broker/dealer with over 13,000 brokers, 6,500 offices and 4.3 million customers is having more and more problems with securities…

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RSL Investigates Recovery of Direct Invest Tenant in Common (TIC) 1031 Exchange Losses
RSL Investigates Recovery of Direct Invest Tenant in Common (TIC) 1031 Exchange Losses 150 150 Rex Securities Law

Rex Securities Law is investigating the recovery of losses for investors who purchased Tenant in Common (TIC) investments sponsored by Direct Invest, a company headquartered in Boston and run by…

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QA3 Financial Broker David Theis Hit With $290,000 FINRA Award
QA3 Financial Broker David Theis Hit With $290,000 FINRA Award 150 150 Robert H. Rex

March 2013-FINRA Case # 12-01157 A couple from Minnesota was awarded $290,000 against David Theis, a broker for QA3 Financial Corp., following an arbitration alleging failure to supervise, misrepresentation, negligence,…

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