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…

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…