October 2017-Arlington, Texas
The FINRA records of Christopher P. Anthony, (CRD #1157930) a stockbroker who is not currently registered and who was last employed by Rhodes Securities, Inc. , disclose a currently pending customer dispute, a prior customer dispute that was settled , a discharge from employment and an outstanding IRS lien.
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 #16-02297, a customer of Rhodes Securities alleged damages of $100,000 for unsuitable investments, churning and failure to supervise in connection with the investment in options, foreign stock and index exchange traded funds (ETFs). That case was settled for $200,000 in 3/2017.
In the currently pending matter, a customer of Rhodes Securities filed FINRA Case #16-03753 in 1/2017, alleges damages of $2 million for breach of fiduciary duty, negligence and breach of contract.
Anthony began working for Rhodes Securities 6/1995 and was discharged 4/28/2015. Rhodes Securities made the following allegations on Anthony’s FINRA record in connection with the discharge: “Failure to adhere to heightened supervision. Trading with discretion and trading outside the investment objectives stated on the client accounts.”
If you have losses in an account in an account handled by Christopher Anthony contact us to discuss how you may be able to recover damages for those losses from his former employer.
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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