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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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  • Notice To Customers Of Former Southwest Securities Broker Wade Lawrence

    February 13, 2015

    Rex Securities Law is investigating Wade James Lawrence who was formerly a stock broker with Southwest Securities in Dallas, Texas, 8/2011-12/2013. Prior to that FINRA records indicate that he was registered with Oppenheimer & Co. in Fort Worth, Texas, 6/2008-7/2011.

    His official FINRA records , which can be accessed here, show that:

    • Lawrence was permanently barred from the industry on 1/8/2014.
    • he resigned from Oppenheimer & Co. 7/22/2011 after a client alleged that he offered compensation for customer losses.
    • there are presently 6 customer disputes pending which seek damages ranging from $70,000 to over $2.8 million dollars . The claims include breach of fiduciary duty, gross negligence, unsuitable recommendations, unauthorized trading and failure to supervise on the part the firm where he was employed.

    If you have losses in an account handled by Wade J. Lawrence you may be entitled to recover damages from his employer. Call to discuss your options.

    Rex Securities Law , located in Boca Raton, FL, provides representation to investors in Texas and 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.

    Rex Securities Law

    561 391 1900

    Feb 13 10:50 AM | Link | Comment!
  • SEC To Conduct Audit Of Girard Securities Branch Office Supervision

    January 29. 2015

    The InvestmentNews reports that Girard Securities is conducting an audit which will focus on the supervision of registered representatives and financial advisers in branch offices. According the article chairman and CEO Susie Woltman Tietjen reported in a memo that the data request from the SEC (Securities & Exchange Commission( is "massive".

    Audits focusing on branch office supervision is one the Examination Priorities for 2015 listed on a recently issued memo from the SEC National Exam Program.

    Girard Securities was formed in 1988 and has about 360 registered individuals located in 136 branch offices. In December 2014, in FINRA Case# 2012033033901, to resolve allegations by regulators that Girard's systems and supervisory procedures were not reasonably designed to prevent fraudulent third party wire transfers, Girard agreed to a censure and a $15,000 fine.

    One of the incidents in the FINRA regulatory action cited is that hackers obtained access to a customer's accounts and began making requests for illegitimate wire transfers.

    If you have losses in an account at Girard Securities, contact us to find out how you may be able to recover damages.

    Rex Securities Law , located in Boca Raton, FL, 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.

    Rex Securities Law

    561 391 1900

    Feb 02 11:47 AM | Link | Comment!
  • Investigation Of Jennifer Trowbridge/ Essex Securities -Boynton Beach, FL

    January 12, 2015- Boynton Beach, Florida

    Jennifer J. Trowbridge entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she made unsuitable sales and purchases in customer accounts and that she effected discretionary trades in a customer account.

    According to the AWC, Trowbridge's violative conduct includes:

    • Recommending mutual fund switches without having reasonable grounds for believing such transactions were suitable for the customer
    • Effecting discretionary trades, with the customer's verbal consent, but without obtaining written consent

    Trowbridge was suspended by FINRA for two months and fined $10,000.

    According to FINRA records, Trowbridge is not currently registered. She was previously registered as follows:

    • Questar Capital 9/2012-11/2014
    • Essex Securities 1/2010-9/2012
    • Investors Capital 8/2005-12/2009

    FINRA Case # 2011025433902

    Prior blog post re: :Jennifer Trowbridge.

    If you had an account with Jennifer Trowbridge that suffered losses due to unsuitable mutual fund switching, discretionary trading (trading without your permission) or for other reasons, you may be able to recover damages from the brokerage firm employing Trowbridge. Call to speak with an experienced securities attorney.

    Rex Securities Law , located in Boca Raton, FL, 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.

    Rex Securities Law

    561 391 1900

    Jan 30 11:09 AM | Link | Comment!
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