Tag Archives: h beck complaint

Steven H. Orr-H.Beck Stockbroker-Discloses Settlement of Customer Suits Involving Limited Partnerships-Victoria, TX

March 2018-Victoria, Texas

According to FINRA records, Steven H. Orr , currently a stockbroker employed by H. Beck, Inc.  doing business as Orr Financial Group discloses that he has 5 prior customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case 15-01527 , a customer of H. Beck alleged damages of between $1million and $5 million for unsuitable investments , including direct investments and limited partnership interests, that were sold between 1/2008-7/2015. That case was settled for $280,000.

In FINRA Case 13-2205, a customer of H. Beck alleged damages of $1,000,000 for the sale of direct participation programs and limited partnerships, between 2004-2012. That case was resolved for $900,000.

In FINRA Case 13-0120, a customer of H. Beck alleged damages of $252,000 for the sale of direct participation investments, including equipment leasing and real estate limited partnerships. That case was settled for $200,000.

Orr has been registered with H. Beck, Inc. since 4/2011.  From 4/2009-5/2011 he was registered with Dewaay Financial Network.  Steven Orr discloses business affiliations with Press On Publications, Financial Strategies Class and Diversify Sportfishing Inc.

If you have losses in an account handled by Steven H. Orr, you may be able to recover damages through FINRA arbitration. Call for a no charge consultation to discuss your options.

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

Charles R. Elhoff-LPL Financial Broker-Discloses Pending Customer Dispute-Arlington, TX

June 2017- Arlington, Texas

According to publicly available records Charles R. Elhoff, Jr.  (CRD#76936) ,  a  stockbroker who currently is employed by  LPL Financial,   discloses  a currently pending customer dispute and a prior customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In the currently pending matter a customer of Elhoff’s prior employer H. Beck seeks damages in a currently unstated amount for unsuitable illiquid investments in direct investments and limited partnerships purchased in 2009.

Charles R. Elhoff, Jr.  has been employed by LPL FInancial since 6/2014. His prior employment includes VSR Financial Services and H. Beck, Inc.

If you have losses  in an account handled by Charles R. Elhoff  contact us to discuss your legal options.

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

Gregory Bauer-Former H. Beck Broker-Barred from Securities Industry for Theft

October 2016-Moon Township, PA

The FINRA records of  Gregory R. Bauer,  a  former stockbroker who most recently was  employed by  H. Beck, Inc.  disclose a final regulatory event and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In recently resolved FINRA Case 2016051501801, Bauer was permanently barred from the securities industry to resolve allegations that he forged the signatures of firm customers, caused the unauthorized sale of securities, intercepted checks in the mail, deposited the checks in his own bank account, and used the funds for his personal expenses without permission. The findings state that Bauer took more than $400,000 from the customers.

In September 2016 Bauer was discharged by H. Beck, Inc. who made the following allegation on Bauer’s FINRA record: “Misappropriated funds of two client accounts at his prior broker dealer Waddell & Reed.”

Bauer was employed by H. Beck, Inc. from 10/2013-9/2016. Prior to that he was employed by Waddell & Reed from 10/2004-10/2013.

If you have losses in an account handled by Gregory R. Bauer, 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

Richard Poston-Former H. Beck Broker-Discloses Settlement with Customer-Plano, TX

Plano, Texas

UPDATE APRIL 2017-FINRA records reveal that Richard E. Poston is not currently registered as a broker. In July 2016, FINRA case # 16-0766, see below,  was settled for $185,000.

ORIGINAL POST JUNE 2016According to FINRA records, Richard E. Poston, a broker who worked for H. Beck, Inc. in Plano, Texas , until he was  discharged in December 2015  for failing to cooperate with an internal investigation, has recently been named in a customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In March 2016 a customer of  H. Beck, Inc. has instituted FINRA Case# 16-0766 seeking $200,000 in damages. The customer claims that he was sold an unsuitable concentration of illiquid investments in non-traded real estate investment trusts (REITs) between 10/2007-9/2015.

Poston’s FINRA record also discloses that on December 11, 2015, FINRA made a preliminary determination that disciplinary action be brought against Poston alleging potential violations of FINRA Rules 2010, 2150, 3240 and 8210. Wells Notice Examination #20150455785.

Poston is not currently employed in the securities industry as of July 5, 2016.

In 2009, Poston reports he was discharged from a Chapter 11 bankruptcy protection in the Eastern District of Texas.

Poston was employed by H. Beck, Inc. from  3/2010 until his discharge in 12/2015. Prior to that he worked for a number of other brokerage firms in the Plano area, including GunnAllen Financial and LPL Financial. 

Investors with  losses in accounts handled by Richard E. Poston , may be able to recover damages through FINRA arbitration. FINRA arbitration is a method of dispute resolution that is typically much shorter in duration than court litigation.

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

Stockbroker Richard E. Poston of Plano, Texas Discharged By H. Beck, Inc.-Named in Arbitration

Plano, Texas

According to FINRA records, Richard E. Poston, a broker who formerly worked for H. Beck, Inc. in Plano, Texas , was discharged in December 2015  for failing to cooperate with an internal investigation.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Poston’s FINRA record reveals that on December 11, 2015, FINRA made a preliminary determination that disciplinary action be brought against Poston alleging potential violations of FINRA Rules 2010, 2150, 3240 and 8210. Poston is not currently employed in the securities industry. In 2009, Poston filed for Chapter 11 bankruptcy protection in the Eastern District of Texas.

Poston is named in FINRA Arbitration 16-0766 in which a customer alleges damages of $200,000 for the recommendation of unsuitable and illiquid investments in non-traded real estate investment trusts (REITs).

Poston was employed by H. Beck, Inc. since 3/2010. Prior to that he worked for a number of other brokerage firms in the Plano area, including GunnAllen Financial and LPL Financial. 

If you have losses in an account handled by Richard E. Poston , you may be able to recover damages through FINRA arbitration.

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