Tag Archives: NEXT Financial Group

Next Financial Sued By Customer For Suitability

Louise Marie Cole of Toms River New Jersey is a stockbroker formerly registered with Next Financial Group Inc. who is the subject of a customer initiated investment related civil action that settled on October 19, 2016 for $100,000.00 in damages supported by accusations that Cole made unsuitable investment recommendations to the customer concerning an international […]

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Next Financial Sued By Customer For Suitability

January 09, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Stephen Joe Williams of Madison, Alabama, a stockbroker currently registered with NEXT Financial Group, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $50,000.00 in damages based upon allegations that Williams effected unsuitable real estate investment trust transactions in the customer’s account. Financial Industry Regulatory Authority (FINRA) […]

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FINRA Bars Next Financial Stockbroker For Obstruction

December 23, 2017  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

JoeAnn M. Walker, of Brockton, Massachusetts, a stockbroker formerly registered with Next Financial Group, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she obstructed a FINRA investigation into allegations that she effected unsuitable annuity sales. Letter of Acceptance, Waiver and Consent, […]

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Next Financial Fined For Failure To Supervise Trading

December 15, 2017  |   Posted by :   |   Churning, Failure To Supervise   |   0 Comments

Next Financial Group, Inc., a brokerage firm headquartered in Houston, Texas, has been censured and fined $750,000.00 by Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that the firm failed to create an adequate system to supervise consolidated reports, failed to create written supervisory procedures pertaining to multiple share […]

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Toms River Stockbroker Sued For $1 million

December 23, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

George William Cole, of Toms River, New Jersey, a stockbroker currently registered with Next Financial Group, has been named in a customer initiated, investment related arbitration claim in which the customer requested $1,000,000.00 in damages based upon allegations that Cole provided customers with unsuitable investment recommendations which caused the customers to suffer substantial losses. The […]

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NEXT Financial Group Registered Representative Barred Selling Fake Investments

Douglas Simanski, of Altoona, Pennsylvania, a registered representative with NEXT Financial Group, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2016049621301 […]

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