Tag Archives: Securities America

Fake Securities America Broker: Catch Me If You Can’t

July 10, 2018  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Fake Securities America Broker: Catch Me If You Can’t

More than forty-five public investors filed a $5.8 million dollar securities arbitration claim against Securities America in connection with a Ponzi scheme effected by one of its registered representatives, conducting business and registered under the name of Allen Lee Hengst. The securities arbitration panel, then back in 2001 known as the NASD, or National Association […]

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Securities America Stockbroker Barred By Regulators

July 29, 2017  |   Posted by :   |   Selling Away and Outside Activities   |   0 Comments

Timothy David Ballard, of Livermore, California, a stockbroker formerly registered with Securities America, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to communicate with FINRA about his business activities. Letter No. 2016052555401 (May 12, 2017). FINRA Public Disclosure reveals that […]

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WFG Investments Sued byCustomer For Unsuitability

March 30, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Matthew Aaron Bell, of San Antonio, Texas, a stockbroker formerly registered with WFG Investments, Inc., has been named in a customer initiated investment related written complaint, which settled on February 10, 2017, for $43,000.00 in damages based upon allegations that Bell made unsuitable investment recommendations to the customer regarding over-the-counter equity products. Financial Industry Regulatory […]

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Securities America Representative Barred in FINRA Investigation

Derek Lee Miller of Redondo Beach, CA, a former general securities representative with Securities America, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after failing to appear for on-the-record testimony in connection with FINRA’s investigation into allegations that Miller engaged in unsuitable trading. FINRA Letter of Acceptance, Waiver and Consent, […]

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Massachusetts Financial Advisor and Firm Charged In Connection with Deceptive Advertising Scheme

Barry Graham Armstrong from Needham Heights, MA, a financial advisor with Securities America, Inc. and Armstrong Advisory Group, were charged by the Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth in a Complaint alleging Armstrong had engaged in a misleading and dishonest advertising campaign in violation of […]

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