Tag Archives: texas state securities board actions

Corpus Christi Broker William C. Mays Indicted for Securities Fraud

In September 2013,  a grand jury in Nueces County, Texas, indicted William Charlton Mays, a former investment adviser in Corpus Christi, Texas, on charges of securities fraud, money laundering, theft and securing the execution of a document by deception. The indictment alleges that Mays made ironclad guarantees to clients to induce them to invest in a purported gold, silver and commodities trading operation. The investments, which were sold in 2011 and 2012, were in the form of promissory notes and investment contracts.
To read the indictment, follow this link.
According to the FINRA Broker Check site, Mays was a registered representative for several FINRA broker dealers, as follows:
  • SWS Financial Services 01/2011-11/2011
  • Summit Brokerage Services, Inc.  04/2009-12/2010
  • LPL Financial Corporation 09/2004-04/2009
  • Frost Brokerage Services  11/2000-10/2004
  • AXA Advisors  11/1998-11/2000
If you had an account with Mays and suffered losses, you may be able to recover all or a part of those losses 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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