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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
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Rex Securities Law
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Rex Investment Loss Recovery Blog
  • Success Trade Faces Cease And Desist In FINRA Action 0 comments
    Apr 16, 2013 2:48 PM

    On April 11, 2013, the Financial Industry Regulatory Authority (FINRA) filed a temporary cease and desist order and a complaint for fraudulent sales of promissory notes against Success Trade Securities, Inc. and its CEO & President Fuad Ahmed.

    Success Trade is an online broker operating through Just2Trade and LowTrades. FINRA alleges in its complaint that Ahmed and other brokers at the firm misrepresented or ommitted materials facts whent they sold more than $18 million in Success Trade promissory notes to 58 investors, many of whom are current or former NFL or NBA players.

    FINRA also alleges that Ahmed and Success Trade failed to disclose material facts related to the company's existing debt. You can access the FINRA news release as well as links to the FINRA complaint here.

    If you have questions about your brokerage account call for a no charge consultation.

    Rex Securities Law

    Nationwide representation.

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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