Patrick Michael Mendenhall of Houston, Texas, a stockbroker registered with USCA Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Mendenhall engaged in unsuitable trading and failed to supervise certain representatives in connection with the sale of stocks and options when Mendenhall was associated with USCA Securities LLC. FINRA Arbitration No. 24-00096 (January 12, 2024).
FINRA Public Disclosure shows that Mendenhall is referenced in three other customer initiated investment related disputes concerning Mendenhall’s conduct while associated with securities broker dealers. On October 9, 2000, a customer initiated investment related NASD securities arbitration claim involving Mendenhall’s conduct was settled for $650,000.00 in damages based upon allegations that Mendenhall engaged in excessive, unsuitable, and unauthorized trading. The claim also alleged negligence, breach of fiduciary duty, and failure to supervise certain representatives in connection with the sale of over-the-counter equities during the time that Mendenhall was associated with PaineWebber Inc. NASD Arbitration No. 00-03873 (September 11, 2001).
On August 10, 2020, a customer initiated investment related civil action involving Mendenhall’s conduct was settled for $200,000.00 in damages based upon allegations that Mendenhall made unsuitable recommendations when Mendenhall was associated with USCA Securities LLC. The case was settled for $200,000.00 in damages. Civil Action No. 2019-71563.
On January 9, 2024, a different customer filed an investment related FINRA securities arbitration claim involving Mendenhall’s conduct in which the customer requested $3,000,000.00 in damages based upon allegations that Mendenhall engaged in unsuitable trading and failed to supervise certain representatives in connection with the sale of stocks and options during the time that Mendenhall was associated with USCA Securities LLC. FINRA Arbitration No. 24-00007.
Mendenhall was associated with USCA Asset Management LLC in Houston, Texas from May 26, 2016, to August 24, 2021, as an investment advisor representative. Mendenhall was also associated with USCA RIA LLC in Houston, Texas from January 6, 2010, to June 30, 2021, as an investment advisor representative. He has been associated with USCA Securities LLC in Houston, Texas and Dallas, Texas since April 20, 2010, as a stockbroker, and associated with U.S. Capital Wealth Advisors LLC in Houston, Texas since June 30, 2021, as an investment advisor representative.
