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Robert Rex
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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
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
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  • FINRA Bars Broker Bautista Of McKinney, Texas

    Conrad Tambalo Bautista, a registered representative from McKinney, Texas, submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA (Financial Industry Regulatory Authority) member in any capacity. The AWC was entered into to resolve a FINRA investigation into whether Bautista may have been engaged in fraudulent investment schemes, been involved in undisclosed outside business activities and/or private securities transactions, borrowed money from customers, and/or failed to disclose an Internal Revenue Tax Lien on his Form U4.

    According to FINRA records which may be accessed here, Bautista previously was registered with the following broker dealers in and around Richardson, Texas:

    • Cuso Financial Services 01/2010-03/2013
    • SWBC Investment Services 01/2007-12/2009
    • Financial Network Investment Corp 07/2004-12/2006

    If you have questions about investment losses or the way your brokerage account has been handled, please contact us to discuss your legal rights.
    Free initial consultation.
    Nationwide representation.

    Rex Securities Law

    561 391 1900

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

    Jul 15 1:57 PM | Link | Comment!
  • Sammons Securities Broker Pittman Barred By FINRA

    In a recent FINRA case (#2011029315301), Andrew Lewis Pittman, a broker from Deerfield Beach, Florida entered into an Acceptance Waiver and Consent with the Financial Industry Regulatory Authority, and agreed to a bar from the industry.

    According the FINRA document, during the course of an ongoing FINRA investigation regarding allegations that Pittman had improperly used a customer's funds and was appointed Power of Attorney for the customer, Pittman refused to provide on-the-record testimony as required by FINRA rules.

    The FINRA document indicates that Pittman was employed by Sammons Securities most recently. He previously worked for Questar Capital from August 2011 until October 2011, when Questar terminated him. Prior to his short stay at Questar, Pittman worked for Allstate Financial from June 2007 through August 2011.

    If you have questions about the way your brokerage account has been handled, call Rex Securities Law for a no charge consultation.

    Nationwide consultation.

    Rex Securities Law

    561 391 1900

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

    Jul 02 4:21 PM | Link | Comment!
  • FINRA FIles Theft Complaint Vs. Former Raymond James Broker

    On April 17, 2013, the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) filed a complaint against Paul David Arnold alleging that during the period from May 2010 to April 2011, while registered with Raymond James & Associates, Arnold misappropriated funds from an elderly (88 years of age) customer by having her sign blank checks that he later made payable to his wife and son. A total of $173,600 in customer funds was taken, according to the complaint.

    The customer trusted Arnold and had transferred the funds to him with the belief that Arnold would be helping him pay his bills and handle his finances.

    Here is a link to the FINRA complaint. According to the FINRA website, Arnold worked with Raymond James in the Largo office from 1995-2011.

    If you have questions about investment losses or the way your brokerage account has been handled, please contact us to discuss your legal rights.
    Free initial consultation.
    Nationwide representation.

    Rex Securities Law

    561 391 1900

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

    Jun 18 4:28 PM | Link | Comment!
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