Hunter Scott Financial-Delray Beach, FL- Fined $20,000 by Florida Regulators

On March 14, 2013, the Florida Office of Financial Regulation (OFR) fined Hunter Scott Financial, LLC, of Delray Beach, FL, $20,000 for violations of Section 517.161 Florida Statutes.

The Florida OFR found that during 2010-2012, Hunter Scott overcharged customers fees of $125,000 in violation of Florida Statutes, the Florida Administrative Code, FINRA Conduct Rule 2010, NASD Conduct Rules 2110 and 2430 and Rule 10b-10 of the Securities Exchange Act of 1934.

If you have questions or complaints about losses in your brokerage account, call us for a no charge consultation.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

RSL Investigates G.A. Repple Over Baptist Church Bond Sales-Casselberry, FLA

Rex Securities Law is investigating the potential for investors to recover losses on purchases of church bonds.

Church bonds are generally sold in small offerings of $20 million or less. Churches are experiencing hard times as are most businesses and individuals, following the 2008 financial crash and many churches have had to resort to bankruptcy protection. See this recent article in the Orlando Sentinel.

G.A. Repple & Company, a broker dealer headquartered in Casselberry, FL, has sold church bonds over the recent years. Their website describes their firm as “an investment, financial, tax and estate planning firm that gives objective counsel from a biblical perspective”

One of their brokers, Roy Carlson, has a number of disclosures on his FINRA CRD, including  customers complaining about losses on:

  • California Baptist Foundation bonds
  • Baptist Church Loan Fund
  • New Life Anointed Ministries International Church Bonds
  • Manifestations Worldwide Inc. Bonds 

To review the entire FINRA disclosure report for  G.A. Repple, visit the BrokerCheck site here.

If you have losses on church bonds purchased from G.A. Repple or any other FINRA registered broker/dealer you may have legal rights that would permit you to recover all or a part of those losses.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Park Avenue Securities/MML Investors Services Broker Barred From Securities Industry-Theft From Elderly Client

Martin B. Feibish was recently barred from the industry by FINRA for stealing millions from an elderly client in a decade long trail of deceit.

Without admitting or denying anything, Feibish resolved the FINRA allegations by agreeing to leave the industry. The FINRA allegations included:

  • Starting in 1999, Feibish misapproprated over $5 million from an elderly customer
  • he invested in fictitious investments
  • he forged signatures
  • he created fake companies
  • he created false promissory notes which were sold as “investments”
  • he prepared fake IRS forms to deceive the customer
  • he allowed life insurance policies to lapse

FINRA records show that Feibish worked for MML Investors Services, Park Avenue Securities and 1717 Capital Management Company during the time the alleged fraud took place. FINRA records also indicate that the case with the customer was settled for $4.4 million.

If you have questions about your account or the brokerage account of a loved one, do not hesitate to contact us.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

The Tidal Group-Shertz, TX, Fined by FINRA Over Oil & Gas Investments

The Tidal Group, a broker-dealer located in Shertz ,TX ,was  fined $20,000 by FINRA in December 2012, for failing to properly identify in private placement offering documents, plugged and abandoned oil & gas wells. FINRA Case No. 2009020022401

Lee M. Novikoff is listed in FINRA records as President, Secretary, Treasurer and Principal of The Tidal Group. FINRA records also indicate that he owns 75% or more of Tidal Group.

Texas corporate records list Lee M. Novikoff as an officer of Tidal Petroleum, Inc. an oil and gas exploration company located in Shertz Texas.

In December 2012,  Janice Hallett, a broker for Tidal Group, without admitting or denying the findings, agreed to a fine of $10,000 and a suspension of 20 business days to resolve FINRA allegations that she negligently made inaccurate statements to several investors relating to the returns they could expect from the oil & gas prospects as well as the drilling track record of the affiliate (presumably Tidal Petroleum).

Hallett negligently advised some prospective investors that they could expect a return of their principal in 1-3 years. She also advised a customer that the firm’s affiliate  had drilled several successful wells in a particular area when in fact at least one dry hole and a couple marginal producers had been drilled.

FINRA Case No. 2009020022402

Oil & gas investments are generally not suitable for those not willing to speculate and take great risk. While prospect identification and drilling techniques have vastly improved and the success rate has risen over recent years, these investments are generally not considered suitable for retirees.

If you have questions about oil and gas investment losses, do not hesitate to contact. We have a great deal of knowledge regarding the oil & gas exploration industry and have been helping investors recover stock market losses for more than 25 years.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  in Texas and  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.

Rex Securities Law

561 391 1900

 

Cetera Renames Its Four Broker Dealers

At the end of 2012, Cetera Financial Group announced that it would be rebranding its four broker-dealers by changing the names of those companies.

The former names of the companies and their new names are:

  • Financial Network Investment Corp.  is now Cetera Advisor Networks.
  • Multi-Financial Securities Corp is now Cetera Advisors.
  • PrimeVest Financial Services is now Cetera Financial Institutions.
  • Genworth Financial is now Cetera Financial Specialists.

Cetera Financial Group has  over 6,500 independent financial professionals nationwide and are headquartered in El Segundo, CA.

If you have questions or complaints about your brokerage account, do no hesitate to contact us. We have been assisting investors nationwide with the recovery of investment losses due to the negligence or fraud of financial professionals for 25 years.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

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

This site is protected by wp-copyrightpro.com