February 2018 – San Marcos, Texas
According to publicly available records Walter L. (Leighton) Stallones , (CRD# 433344) , a stockbroker who is currently employed by Hilltop Securities Independent Network, disclose that he was the subject of five prior customer disputes and one regulatory event.
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.
A customer dispute that was pending in the Supreme Court of the State of New York was settled in 1/2017 for $765,000. IN that matter a customer of Southwest Securities (now known as Hilltop Securities) was seeking damages of $1.6 million related to a defaulted loan from Pratt Foreclosures, LLC to SSJ Development, LLC. That customer had asserted claims for fraud, negligent misrepresentation, breach of contract and breach of fiduciary duty.
In one of the other prior disputes, a customer alleged damages of $6 million claiming that Southwest Securities (now known as Hilltop Securities) through Leighton Stallones, SSJ Gerritsen Beach, SSJ Mill Basis and SSJ Sheepshead Bay provided false financial information, including fabricated account statements. That case was settled for $3,850,000 in 2016.
Stallones has been employed by Hilltop Securities and Hilltop Securities Independent Network since 2005.
If you have questions about an account in an account handled by Leighton Stallones , 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.
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