December 2018-Houston, TX
According to publicly available records William Franklin (“Frank”) Richardson, Jr. , a stockbroker who is currently registered with Investacorp Inc. disclose a currently pending customer dispute involving investments in real estate investment trusts (REITs) and limited partnerships.
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 11/2018 a customer of Investacorp filed FINRA arbitration 18-03731 alleging that recommendations to purchase direct investments, limited partnerships and non-publicly traded real estate investment trusts (REITs) were unsuitable. The customer is seeking damages of $500,000.
Frank Richardson has been registered with Investacorp since 1/2012. His previous employment includes Geneos Wealth Management and NEXT Financial Group. Richardson discloses a business affiliation with Post Oak Capital Group in Houston, TX.
In a prior customer dispute a customer of NEXT Financial alleged that Richardson was negligent in calculating required minimum distribution (RMD) which resulted in resetting of an annuity amount. That case was settled for $34,920.
If you have losses in an account in an account handled by Frank Richardson , contact us for a no charge consultation to learn how 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.
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