Clyde Darrel Jones of Whitesboro, Texas, a stockbroker currently registered with Titan Securities of Addison Texas (CRD No. 131392), is the subject of a customer initiated investment related arbitration claim, which settled for $22,500.00 in damages supported by allegations that Jones made misrepresentations to the customer and unsuitable investment recommendations regarding a viatical settlement. FINRA Arbitration No. 16-01068 (May 18, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Jones has been identified in eight more customer initiated investment related disputes pertaining to allegations of Jones’ improper conduct during the time he was registered with Titan Securities, Eagle One Investments, LLC, and Invest Financial Corporation. Particularly, on December 26, 2000, a customer initiated investment related written complaint involving Jones’ conduct was settled for $16,670.36 in damages founded on accusations of misrepresentation concerning the customer’s investment in North American Senior Floating Rate Fund.
On August 14, 2008, a customer initiated investment related written complaint involving Jones’ conduct was settled for $7,143.25 in damages based upon allegations that Jones made misrepresentations to the customer regarding the guarantees of principal on the customer’s variable annuity.
Subsequently, a customer initiated investment related arbitration claim regarding Jones’ activities was resolved for $135,768.50 in damages supported by allegations of misrepresentation and suitability. FINRA Arbitration No. 15-02480 (Aug. 19, 2016). Another customer initiated investment related arbitration claim pertaining to Jones’ conduct was settled for $100,000.00 in damages founded on accusations that an inappropriate viatical settlement had been recommended to the customer. FINRA Arbitration No. 15-02868 (Dec. 16, 2016).
FINRA Public Disclosure reveals that Jones has been separated from employment twice after allegations surfaced of his misconduct. Particularly, on April 5, 2000, he was terminated from Invest Financial Corporation based upon allegations that he sold annuities without a license. Later, on August 6, 2008, he was fired from Eagle One Investments, LLC, based upon accusations that he failed to apprise the firm that a customer lodged a complaint against him.
Jones has been associated with eight different broker dealers, one of whom is defunct or has been expelled by a securities regulator for violating federal securities law.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
