Tag Archives: texas securities attorney

Rhodes Securities, Unsuitable Investments

Rhodes Securities Brokers Disclose Customer Suits-Ft. Worth, Texas

June 2018-Ft. Worth, Texas

According to FINRA records, three  brokers at Ft. Worth based Rhodes Securities : Jim Gordon Rhodes, J Gordon Rhodes, and Marilyn R. Zehntner  disclose the recent settlement of a large customer claim as well as a currently pending customer dispute.

In FINRA Case 16-3753 a customer of Rhodes Securities alleged breach of fiduciary duty, negligence and breach of contract related to equity and option investments. The customer sought damages of $2 million. The case was settled for $810,000.

In pending FINRA Case 17-2370 a customer of Rhodes Securities alleges unsuitable investments, breach of fiduciary duty and failure to supervise and is seeking damages in excess of $250,000.

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.

Jim G. Rhodes (CRD 813870) has been employed by Rhodes Securities since 1987 and is Chairman of the company.

J Gordon Rhodes (CRD4763582) is CEO and has been with Rhodes Securities since 2004.

Marilyn R. Zehntner (CRD 2645697), President  and Chief Operating Officer has been employed by Rhodes Securities since 2004.

If you have questions about an account at Rhodes Securities, contact us for a no charge consultation.

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

FINRA, Finra Investigation of Stockbroker, Forgery, Morgan Stanley, Morgan Stanley Smith Barney

Michael Christians-Former Morgan Stanley Broker-Discloses Regulatory Investigation-Plano, TX

June 2018- Plano, TX

The FINRA records of Michael S. Christians  , a stock broker who is not currently registered and who was last employed by Morgan Stanley , disclose a currently pending regulatory event, 2 prior customer disputes, a pending investigation 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 February 2018 FINRA initiated a regulatory investigation after a customer of Morgan Stanley alleged that Christians falsely signed her name to firm documents.

Christians  was employed by Morgan Stanley  since 6/2009 until 1/2018 when he was discharged after the firm learned of the false signing of a client on firm documents.

If you have questions about  an account handled by Michael S. Christians , call for a no charge consultation.

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

Failure to Supervise, Investment Professionals Inc (IPI), Next Financial Group, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

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

Failure to Supervise, RBC Capital Markets, Stockbroker Malpractice, Unsuitable Investments

Thomas Eades-RBC Capital Broker-Has Two Pending Customer Disputes-Dallas, TX

May 2018-Dallas, Texas

The FINRA records of  Thomas H. Eades ,  a  stockbroker who works for RBC Capital Markets disclose 2 recently filed and pending customer disputes seeking damages for the mismanagement of their accounts.

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.

  • FINRA Case 18-0466-A customer of RBC alleges that accounts were left ‘uninvested” in a minimal interest case account inconsistent with investment objectives during 2015-2017. Damages of $180,000 are sought.
  • Customer complaint received March 2018 from an RBC customer alleges that their accounts are concentrated in energy sector master limited partnerships (MLPs) and that Eades recommended that they continue to hold the  positions after dividend payments had been reduced resulting in losses. Time frame is 3/2004-1/2018. Damage amount is not specified.

Eades has been employed by RBC Capital Markets since 3/1998.

If you have questions about the way your account has been handled by Thomas Eades , call for a no charge consultation with an experienced securities attorney.

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

TCM Securities (formerly Taylor Capital Management)

Dennis Farrah-Former TCM Securities Broker-Barred From Securities Industry Over Madyson Capital Mgmt. Sales-Aurora, CO

May 2018-Aurora, Colorado

The FINRA records of  Dennis M. Farrah ,  a  stockbroker who is not currently registered and who last was employed by  Taylor Capital Management (now known as TCM Securities)  disclose a prior regulatory event, 3 prior customer disputes , 4 pending customer disputes 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 1/2018, Colorado securities regulators permanently barred Farrah from the securities industry to resolve allegations that he sold Madyson Capital Management, a real estate development company, without the knowledge of written approval of TCM Securities, his employer at the time.

There are currently 4 pending FINRA arbitrations by customers of TCM seeking total damages of about $800,000 for misrepresentations related to the sale of Madyson REIT shares.

Prior to his employment with TCM Securities, Farrah was registered with Sicor Securities, a broker dealer that was expelled by FINRA in 1/2014.

Farrah was employed by TCM Securities from 10/2013 until 12/2017 when he resigned just prior to the imposition of sanctions by the Colorado Division of Securities.

If you have losses in an account in an account handled by Dennis Farrah , call for a no charge consultation with an experienced securities attorney to learn how you may be able to recover damages.

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