J. Gordon Rhodes of Fort Worth Texas a stockbroker currently registered with Rhodes Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $250,000.00 in damages founded on accusations including (1) failure to supervise the customer’s investment activities (2) breach of fiduciary duty (3) and unsuitable over-the-counter equities transactions having been executed in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02370 (Sept. 20, 2017).
FINRA Public Disclosure additionally confirms that a customer initiated investment related arbitration claim concerning Rhodes’ activities was resolved for $810,000.00 in damages based upon allegations that contractual obligations to the customer had been breached, the customer’s account was administered in a negligent fashion, and fiduciary obligations owed to the customer had been breached in reference to options and equities transactions effected in the customer’s account. FINRA Arbitration No. 16-03753 (July 26, 2017).
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