Tag Archives: Reef Securities

FINRA Fines Reef Securities For Misleading Communications

May 01, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Reef Securities (formerly known as Western American Securities Corporation) an oil and gas broker-dealer headquartered in Richardson Texas has been censured and fined $40,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm provided investment related documentation to customers that was comprised of unwarranted and misleading claims. Letter of Acceptance […]

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Customers File Arbitration Against Reef Securities For Failure To Supervise

Harris W. Kirk, of Richardson, Texas, a stockbroker Reef Securities, Inc., is subject to a pending customer dispute from February 11, 2016, in which a customer has requested $250,000.00 in damages after alleging that Kirk failed to conduct due diligence concerning investments, failed to disclose investment risks to the customer, committed breach of contract, and […]

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