Tag Archives: Investment Professionals complaint

Michael T. Marcom – NEXT Financial Group Broker-Discloses Settled Disputes – Georgetown, TX

May 2018 – Georgetown, TX

According to FINRA records, Michael T. Marcom ,  a stockbroker who is currently employed by NEXT Financial Group .disclose 4 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 1/2011, a dispute filed by a customer of  Marcom’s prior employer, Investment Professionals, Inc., alleging unauthorized trades, excessive trades and unsuitable investment recommendations, was settled for $25,500.

Another dispute filed by an Investment Professionals, Inc. customer alleged that Marcom’s recommendation to invest 60% of the customer’s retirement funds be put in reverse convertible bonds was unsuitable.  This case was settled for $75,000 .

A third case, also filed by an Investment Professionals customer, alleged that the representative made excessive trades, unauthorized trades and unsuitable investment recommendations.   The case settled for $40,500.

Michael Marcom  has been employed with NEXT Financial since January 2009.  He was employed with Investment Professionals, Inc. from 4/2005-1/2009.

If you have losses  in an account handled by Michael Marcom or believe that your account has been mishandled contact us for a no charge consultation 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

San Antonio Based Investment Professionals Inc. (IPI) Fined $170,000 by FINRA

July 2016-San Antonio, Texas

San Antonio, Texas, based stock brokerage firm Investment Professionals, Inc.  (IPI)  entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that they failed to supervise the advisory activities of nine registered representatives who were dually-registered with unaffiliated registered investment advisors and failed to record the transactions that these representatives executed away from the firm.

In addition FINRA alleged that IPI failed to preserve securities related emails  utilized in IPI’s Bethlehem, Pennsylvania branch office in violation of FINRA and NASD rules.

Investment Professionals, Inc., a FINRA member since 1992 with 305 branch offices and over 360 employees nationwide,  was censured and fined $170,000.

AWC 2014039093501

FINRA records disclose that Investment Professionals, Inc. has 13 final regulatory events.

If you have losses in an account with Investment Professionals, Inc. 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

Betsy Marcom-NEXT Financial Group Broker Fined/Suspended for Unsuitable Recommendation to Church-Georgetown, TX

November 19, 2015-Georgetown, Texas

Betsy Marcom (formerly Betsy Bratton Perryman) , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between June 1, 2009 and August 31, 2012, she made unsuitable investment recommendations to her client, a non-profit parish church.

In addition, FINRA alleges that Marcom , who was a member of the finance council for the church, recommended that they invest almost its entire portfolio in non-investment grade corporate bonds, resulting in an unsuitable concentration in such bonds, in violation of various NASD and FINRA rules.

“Investment Grade” is defined as a credit rating denoting only minimal risk for investors, and encompasses bonds rated BBB and above. Bonds that are rated BB. B, CCC, CC, C, and below are considered non-investment grade, or “junk” bonds. They are also frequently referred to as “high-yield” bonds.

AWC No.  2013037257201

Marcom was fined $15,000 and suspended from association with any FINRA member firm in all capacities for a period of four months.

According to FINRA recordsMarcom  was registered with NEXT Financial Group  from 2/2009-11-2015. Prior to that she was registered with Investment Professionals, Inc. from 5/1995-1/2009.

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

Jaime Morales-Investment Professionals Stockbroker- Sanctioned by FINRA-San Antonio, TX

November 24 , 2014-San Antonio, Texas

FINRA suspended  Jaime Morales of Castle Hills, TX on November 14, 2014, for failing to comply with an  arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. That suspension was lifted December 8, 2014.

According to FINRA records,  Morales is currently registered with Investment Professionals, Inc. in San Antonio, TX. Morales was previously registered with Allstate Financial Services   from 9/2012-12/2013 . Prior to that Lawrence was registered with Wells Fargo Advisors from 6/2008-7/2012.

Morales also discloses that he filed for Chapter 7 bankruptcy protection 11/24/2014.

The Financial Industry Regulatory Authority (FINRA) publishes disciplinary actions involving stockbrokers and stock brokerage firms on a monthly and quarterly basis. That site may be accessed here. 

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