Tag Archives: finra arbitration attorney

Miami Based Brickell Global Markets (formerly E.S. Financial Services) Pays $1 Million to Settle SEC Charges

February 4, 2016- Miami, Florida

The Securities & Exchange Commission (SEC) announced that Miami based Brickell Global Markets (formerly E.S. Financial Services) agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules for failing to identify non-U.S. citizen customers.

See this for the SEC press release. 

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 

Rex Securities Law Investigates VSR Financial Services Broker in Seattle, Washington

Seattle, Washington

Rex Securities Law is investigating VSR Financial Services broker Robert M. Hinz, Jr. of Wealth Enhancement Strategies  in connection with the sale of annuities, real estate securities, options,  limited partnerships and direct investments in oil & gas investments.

According to FINRA records Hinz was named in a FINRA arbitration in 2013 (#1-368) by a customer who alleged fraud , negligence and breach of fiduciary duty. That case was settled in 4/2014  for $240,000.

According to FINRA records Hinz has been registered with VSR Financial Services since 8/1994.

VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticised VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

If you have losses in an account handled by  VSR Financial Services , contact us to discuss how you may be able to recover damages for 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

Nick Giallourakis- Former VSR Financial Broker-Discloses Customer Disputes-Clearwater, FL

Clearwater, Florida

Former VSR Financial Services broker Nicholas M.  Giallourakis  discloses 3 prior final customer disputes on his FINRA records.

According to FINRA records in 2013 Giallourakis was named in a FINRA arbitration (#13-1526) by a customer alleging breach of fiduciary duty, misrepresentation and negligence in connection with an investment in promissory notes, limited partnership interests and real estate securities. That matter was settled for $180,000.

Nick Giallourakis  was registered with VSR Financial Services from  8/2004-6/2016. He is currently registered with Newbridge Securities. 

VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticised VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

If you have losses in an account with Nicholas M.  Giallourakis or VSR Financial Services, contact us to discuss how you may be able to recover damages for 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

Rex Securities Law Investigates VSR Financial Broker Mikiel Featherston- Austin, Texas

Austin, Texas

Rex Securities Law is investigating VSR Financial Services broker Mikiel R. Featherston of The Featherston Group in connection with the sale of various direct investments including real estate securities  and limited partnership interests.

According to FINRA records in 2013 Featherston was named in a FINRA arbitration (#13-2256) by a customer alleging unsuitable investments and breach of contract. That matter was settled for $14,999.

According to FINRA records Featherston  has been registered with VSR Financial Services since 8/2007.

VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticised VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

If you have losses in an account with VSR Financial Services, contact us to discuss how you may be able to recover damages for 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

Rex Securities Law Investigates Former VSR Financial Broker Charles Chapman-Richardson, Texas

Richardson, Texas

Rex Securities Law is investigating former VSR Financial Services broker Charles E. Chapman   in connection with the sale of various direct investments including real estate securitie, equipment leasing investments, promissory notes and limited partnership interests.

According to FINRA records in 2014 Chapman was named three customer disputes involving direct investments like real estate securities, limited partnerships and direct investments.

In 2014 one case was settled for $315,000 and another for $3,740,000. An earlier case in 2011 settled for $225,000.

According to FINRA records Chapman  was registered with VSR Financial Services from 8/1999-6/2009. He was then registered with Berthel Fisher & Company from 6/2009-6/2013. He is not currently registered.

VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticised VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.

Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.

If you have losses in an account with VSR Financial Services, contact us to discuss how you may be able to recover damages for 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