Harris Wayne Kirk, or Richardson, Texas, a stockbroker currently registered with Reef Securities, Inc., has been named in a customer initiated investment related arbitration claim on February 11, 2016, in which the customer requested $250,000.00 in damages based upon allegations that Kirk breached his contractual duties, and failed to conduct proper due diligence as well as disclose the risks pertaining to direct investment programs. The customer additionally alleged that Reef Securities Inc. failed to supervise Kirk’s activities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kirk has been identified in three additional customer initiated investment related disputes containing allegations of Kirk’s misconduct while employed with Reef Securities Inc. and RSI Securities, Inc. Particularly, on December 22, 2008, a customer initiated investment related written complaint involving Kirk’s conduct was settled for $45,000.00 in damages based upon allegations that Kirk made misleading statements to the customer concerning an investment in Reef Oil & Gas Partners, LP.
Additionally, on June 21, 2010, a customer filed an investment related written complaint regarding Kirk’s activities, in which the customer requested $140,000.00 in damages based upon allegations that Kirk made misrepresentations to the customer regarding direct investment programs in Reef Securities, Inc. On November 23, 2015, a customer initiated investment related arbitration claim regarding Kirk’s activities was resolved for $25,000.00 in damages based upon allegations that Kirk breached his contractual duties, failed to conduct reasonable due diligence, and omitted risks concerning oil and gas products and direct investment programs.
FINRA Public Disclosure also reveals that on September 9, 2013, Reef Securities terminated Kirk based upon allegations that Kirk violated his company’s policies pertaining to outside business activities. Additionally, on August 28, 2014, FINRA launched an investigation into whether Kirk engaged in conduct which violated rules of MSRB, NYSE, NASD, or FINRA, as well as whether Kirk violated federal securities laws.
Guiliano Law Group
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