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If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in two Pennsylvania cities: Philadelphia and Pittsburgh.

The Securities Fraud Lawyers at Greco & Greco, P.C. are available to represent Pennsylvania residents in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of Pennsylvania, including Philadelphia, Pittsburgh, Allentown, Erie, Reading, Scranton, and Bensalem.

The Pennsylvania Department of Banking and Securities in Harrisburg, Pennsylvania regulates the sales of securities in the state of Pennsylvania. Its website provides information on state securities Statutes and Rules, and information on how to file a complaint.

Common Legal Claims by investors against their financial advisors in Pennsylvania are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

FINRA securities brokerage firms with their main offices in Pennsylvania:

ABERDEEN FUND DISTRIBUTORS, LLC
1735 MARKET STREET, 32 ND FLOOR, PHILADELPHIA, PA 19103

ALLEGHENY INVESTMENTS, LTD.
STONE QUARRY CROSSING, 811 CAMP HORNE ROAD, SUITE 100, PITTSBURGH, PA 15237

AMBASSADOR FINANCIAL GROUP, INC.
1605 NORTH CEDAR CREST BOULEVARD, SUITE 508, ALLENTOWN, PA 18104

AMERICAN FINANCIAL ASSOCIATES, INC.
1700 NORTHAMPTON STREET, SUITE A, EASTON, PA 18042-1659
Mailing Address: 1700 NORTHAMPTON STREET, SUITE A, EASTON, PA 18042-1659

ANTHEM SECURITIES, INC.
1550 CORAOPOLIS HEIGHTS RD., SUITE 300, MOON TOWNSHIP, PA 15108

ARIANE CAPITAL PARTNERS LLC
501 CANDACE LANE, VILLANOVA, PA 19085

BEACONSFIELD FINANCIAL SERVICES, INC.
SOUTHPOINTE INDUSTRIAL PARK, 160 TECHNOLOGY DR., SUITE 101, CANONSBURG, PA 15317
Mailing Address: SOUTHPOINT INDUSTRIAL PARK, 160 TECHNOLOGY DR., SUITE 10, CANONSBURG, PA 15317

BEDMINSTER FINANCIAL GROUP, LIMITED
4920 YORK ROAD, SUITE 2DD1, PO BOX 295, HOLICONG, PA 18928-0295

BERWYN FINANCIAL SERVICES CORP.
1189 LANCASTER AVE, BERWYN, PA 19312-1243
Mailing Address: 1189 LANCASTER AVE., BERWYN, PA 19312-1243

BESTVEST INVESTMENTS, LTD.
600 NORTH JACKSON STREET, SUITE 305, MEDIA, PA 19063

BILL FEW SECURITIES, INC.
107 MT. NEBO POINTE, SUITE 200, PITTSBURGH, PA 15237

BIONDO ASSET MANAGEMENT LLC
540 ROUTE 6 & 209, P.O. BOX 909, MILFORD, PA 18337

BIRCHWOOD SECURITIES CORP.
1900 MARKET ST, SUITE 616, PHILADELPHIA, PA 19103
Mailing Address: 106 NORTH LAKESIDE DRIVE EAST, MEDFORD, NJ 08055

BLACKWOLF ADVISORS
222 EAST MONTGOMERY AVE., SUITE 305, ARDMORE, PA 19003

BNY MELLON DISTRIBUTORS INC.
760 MOORE ROAD, KING OF PRUSSIA, PA 19406

BOE SECURITIES INC.
2 PENN CENTER PLAZA, 1500 JFK BLVD., SUITE 430, PHILADELPHIA, PA 19102

BOENNING & SCATTERGOOD, INC.
4 TOWER BRIDGE-200 BARR HARBOR DR-NO.300, WEST CONSHOHOCKEN, PA 19428-2979

BPU INVESTMENT MANAGEMENT INC.
ONE OXFORD CENTRE, 301 GRANT STREET, SUITE 3300, PITTSBURGH, PA 15219

BRANDYWINE INVESTMENT SECURITIES, LLC
2 PONDS EDGE DRIVE, CHADDS FORD, PA 19317-9667

BRINKER CAPITAL SECURITIES, INC.
1055 WESTLAKES DRIVE, SUITE 250, BERWYN, PA 19312

BRYAN FUNDING, INC.
125 TECHNOLOGY DRIVE, SUITE 105, CANONSBURG, PA 15317-9557

BURKE, LAWTON, BREWER & BURKE, LLC
516 N BETHLEHEM PIKE, AMBLER, PA 19002
Mailing Address: P.O. BOX 950, SPRING HOUSE, PA 19477

CAMELOT INVESTMENT ADVISERS, LTD.
995 OLD EAGLE SCHOOL ROAD, SUITE 320, WAYNE, PA 19087

CMS INVESTMENT RESOURCES, LLC
308 E. LANCASTER AVENUE, SUITE 300, WYNNEWOOD, PA 19096-2145

COHEN & COMPANY SECURITIES, LLC
2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA, PA 19104
Mailing Address: 2929 ARCH STREET, SUITE 1703, PHILADELPHIA, PA 19104

COMMONWEALTH ADVISORS, INC.
1017 MUMMA ROAD, SUITE 302, LEMOYNE, PA 17043

CORESTONE DISTRIBUTORS, LLC
555 EAST LANCASTER AVENUE SUITE 110, RADNOR, PA 19087

COVENTRY SECURITIES, LLC
7111 VALLEY GREEN ROAD, FORT WASHINGTON, PA 19034

CRESAP, INC.
259 N. RADNOR-CHESTER RD. STE. 230, RADNOR, PA 19087

CURTIS SECURITIES, LLC
ONE LIBERTY PLACE, 1650 MARKET STREET, SUITE 4400, PHILADELPHIA, PA 19103

CV BROKERAGE, INC
300 CONSHOHOCKEN STATE ROAD, SUITE 200, WEST CONSHOHOCKEN, PA 19428

DAUTRICH, SEILER FINANCIAL SERVICES, INC.
397 DOGWOOD LANE, NAZARETH, PA 18064

DELAWARE DISTRIBUTORS, L.P.
2005 MARKET ST, 29TH FLOOR, PHILADELPHIA, PA 19103
Mailing Address: 2005 MARKET STREET, 29TH FLOOR, PHILADELPHIA, PA 19103

DELPHX SERVICES CORPORATION
5 GREAT VALLEY PARKWAY, MALVERN, PA 19355

DIRECTED SERVICES LLC
1475 DUNWOODY DRIVE, WEST CHESTER, PA 19380

DREXEL HAMILTON, LLC
2000 MARKET STREET, SUITE 780, PHILADELPHIA, PA 19103

E. E. POWELL & COMPANY INC.
200 NORTHPOINTE CIRCLE, SUITE 304, SEVEN FIELDS, PA 1604

ECM SECURITIES CORP.
4740 PEACH STREET, ERIE, PA 16509-2008

EDGEWOOD SERVICES, INC.
FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH, PA 15222-3779

EMERGING GROWTH EQUITIES, LTD.
1150 FIRST AVE, PARK VIEW TOWER, SUITE 600, KING OF PRUSSIA, PA 19406-2816

FAIRHOLME DISTRIBUTORS, INC.
760 MOORE ROAD, KING OF PRUSSIA, PA 19406

FAIRMOUNT PARTNERS LP
100 FOUR FALLS CORPORATE CENTER, SUITE 660, WEST CONSHOHOCKEN, PA 19248

FARRELL MARSH & CO.
500 THE TIMES BLDG, SUBURBAN SQUARE, ARDMORE, PA 19003

FEDERATED SECURITIES CORP.
FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH, PA 15222-3779

FIDUCIARY ADVISORS, LLC
1500 MARKET STREET, SUITE 3310E, PHILADELPHIA, PA 19102

FIRST AMERICAN MUNICIPALS, INC.
606 CORPORATE DRIVE, LANGHORNE, PA 19047-8013

FORTUNE FINANCIAL SERVICES, INC.
1010 3RD AVENUE, NEW BRIGHTON, PA 15066-2012
Mailing Address: P.O. BOX 296, NEW BRIGHTON, PA 15066-0296

FS2 CAPITAL PARTNERS, LLC
2929 ARCH STREET, SUITE 675, CIRA CENTRE, PHILADELPHIA, PA 19104

FUND INVESTORS, INC.
636 SCALP AVENUE, JOHNSTOWN, PA 15904
Mailing Address: 636 SCALP AVENUE, JOHNSTON, PA 15904

GIRARD CAPITAL, LLC
555 CROTON ROAD, SUITE 210, KING OF PRUSSIA, PA 19406

GRANT STREET SECURITIES, INC.
ALLEGHENY BUILDING, 429 FORBES AVE. - SUITE 1800, PITTSBURGH, PA 15219-1604

GRANT WILLIAMS L.P.
1650 MARKET STREET, 53RD FLOOR, PHILADELPHIA, PA 19103

GREENTREE BROKERAGE SERVICES, INC.
1831 CHESTNUT STREET, SUITE 1002, PHILADELPHIA, PA 19103

GREENTREE INVESTMENT SERVICES, INC.
600 WASHINGTON AVENUE, SUITE 200, BRIDGEVILLE, PA 15017-0088
Mailing Address: P.O. BOX 88, BRIDGEVILLE, PA 15017-0088

GRIFFIN FINANCIAL GROUP, LLC
607 WASHINGTON STREET, READING, PA 19603
Mailing Address: 607 WASHINGTON STREET, READING, PA 19603

GUARDIAN INVESTOR SERVICES LLC
7 HANOVER SQUARE, NEW YORK, NY 10004
Mailing Address: 81 HIGHLAND AVE., BETHLEHEM, PA 18017

HARTFORD LIFE DISTRIBUTORS, LLC
1500 LIBERTY RIDGE DRIVE, STE 100, WAYNE, PA 19087-5592

HARVEST FINANCIAL CORPORATION
1100 SMALLMAN STREET, PITTSBURGH, PA 15222

HAVERFORD TRUST SECURITIES, INC.
THREE RADNOR CORPORATE CENTER STE. 450, RADNOR, PA 19087-4599

HAYDEN STONE & CO., LLC
429 FORBES AVE, SUITE 300, PITTSBURGH, PA 15219

HEFREN-TILLOTSON, INC.
308 SEVENTH AVENUE, PITTSBURGH, PA 15222-3909

HERITAGE FINANCIAL SYSTEMS, INC.
5 GREAT VALLEY PARKWAY, SUITE 334, MALVERN, PA 19355

HIGH SECURITIES, LTD.
1853 WILLIAM PENN WAY, LANCASTER, PA 17605-0008
Mailing Address: P.O. BOX 10008, LANCASTER, PA 17605-0008

HIGHLAND FINANCIAL, LTD.
915 MENOHER BLVD. -STE A, JOHNSTOWN, PA 15905-2800
Mailing Address: 915 MENOHER BLVD.-STE A, JOHNSTOWN, PA 15905-2800

HIGHMARK FUNDS DISTRIBUTORS, INC.
760 MOORE ROAD, KING OF PRUSSIA, PA 19406

HORNOR, TOWNSEND & KENT, INC.
600 DRESHER RD, STE C1C, HORSHAM, PA 19044

HUNTER ASSOCIATES, INC.
436 SEVENTH AVENUE, KOPPERS BUILDING, FIFTH FLOOR, PITTSBURGH, PA 15219-1818
Mailing Address: 436 SEVENTH AVENUE-5TH FLOOR, PITTSBURGH, PA 15219

J. ALDEN ASSOCIATES, INC.
261 OLD YORK ROAD SUITE 837, JENKINTOWN, PA 19046
Mailing Address: P.O. BOX 744, JENKINTOWN, PA 19046

J. D. ANDREWS CO.
290 KING OF PRUSSIA ROAD, BLDG 2, SUITE 300, RADNOR, PA 19087

J.P. MCGOWAN & COMPANY INCORPORATED
1631 LOCUST STREET, 5TH FLOOR, PHILADELPHIA, PA 19103

JANNEY MONTGOMERY SCOTT LLC
1801 MARKET STREET, PHILADELPHIA, PA 19103-1675

JOHNSON SECURITIES, INC.
40 LLOYD AVENUE-STE. 102, MALVERN, PA 19355

JRM SECURITIES
1103 POWELL AVENUE, ERIE, PA 16505

KEVIN HART KORNFIELD & COMPANY, INC.
2137 EMBASSY DRIVE STE 105, LANCASTER, PA 17603-2387
Mailing Address: P.O. BOX 6423, LANCASTER, PA 17607-6423

KILDARE CAPITAL, INC.
555 LANCASTER AVENUE, SUITE 540, RADNOR, PA 19087

KRIEBEL GAS & OIL INVESTMENTS CORP.
633 MAYFIELD DRIVE, CLARION, PA 16214
Mailing Address: P.O. BOX 765, CLARION, PA 16214

LIBUCKI & CO., LLC
1900 MARKET STREET SUITE 113, SUITE 113, PHILADELPHIA, PA 19103
Mailing Address: 1900 MARKET STREET, SUITE 113, PHILADELPHIA, PA 19103

LINCOLN FINANCIAL DISTRIBUTORS, INC.
130 N RADNOR-CHESTER RD, RADNOR, PA 19087
Mailing Address: 350 CHURCH STREET, HARTFORD, CT 06103

LINCOLN INVESTMENT
FORST PAVILION, 218 GLENSIDE AVENUE, WYNCOTE, PA 19095-1595

MANAGED ACCOUNT SERVICES, LLC
565 E. SWEDESFORD RD., SUITE 310, WAYNE, PA 19087

MANOR HOUSE CAPITAL LLC
2005 MARKET STREET, 8TH FLOOR, SUITE 820, PHILADELPHIA, PA 19103

MARKS BAUGHAN SECURITIES LLC
ONE TOWER BRIDGE, CONSHOHOCKEN, PA 19428

MCDERMOTT INVESTMENT SERVICES, LLC
26 WEST BROAD STREET, BETHLEHEM, PA 18018
Mailing Address: P.O. BOX 1889, BETHLEHEM, PA 18016

MGI FUNDS DISTRIBUTORS, INC.
760 MOORE ROAD, KING OF PRUSSIA, PA 19406

MID ATLANTIC CAPITAL CORPORATION
1251 WATERFRONT PLACE, SUITE 510, PITTSBURGH, PA 15222-6368

MONEY MANAGEMENT ADVISORY, INC.
102 W. STREET RD, FEASTERVILLE, PA 19053

MUFSON HOWE HUNTER & PARTNERS LLC
1717 ARCH STREET, 32ND FLOOR, PHILADELPHIA, PA 19103

NATIONWIDE FUND DISTRIBUTORS LLC
1000 CONTINTENTAL DRIVE, SUITE 400, KING OF PRUSSIA, PA 19406

NAVAID FINANCIAL SERVICES, INC.
1522 LOCUST ST., FL. 2, PHILADELPHIA, PA 19102

NESTLERODE & LOY, INC.
430 WEST IRVIN AVENUE, STATE COLLEGE, PA 16801-4642
Mailing Address: P.O. BOX 343, STATE COLLEGE, PA 16804-0343

P.J. ROBB VARIABLE CORPORATION
4135 NORTH FRONT STREET, HARRISBURG, PA 17110

PACER FINANCIAL, INC.
16 INDUSTRIAL BLVD, SUITE 201, PAOLI, PA 19301

PAPALIA SECURITIES
2 WALNUT STREET, DANVILLE, PA 17821

PARK CITY CAPITAL, INC.
261 OLD YORK RD # 914, JENKINTOWN (MONTGOMERY), PA 19046
Mailing Address: 261 OLD YORK RD #914, JENKINTOWN (MONTGOMERY), PA 19046

PETER ELISH INVESTMENTS SECURITIES
165 E. PIKE ST., CANONSBURG, PA 15317-1765

PFA SECURITY ASSET MANAGEMENT, INC.
704 LISBURN ROAD, SUITE 102, CAMP HILL, PA 17011

PFM FUND DISTRIBUTORS, INC.
ONE KEYSTONE PLAZA - SUITE 300, N. FRONT & MARKET STS, HARRISBURG, PA 17101
Mailing Address: ONE KEYSTONE PLAZA - SUITE 300, N. FRONT & MARKET STS, HARRISBRUG, PA 17101

PHILADELPHIA BROKERAGE CORPORATION
2 RADNOR CORPORATE CENTER, SUITE 111, 100 MATSONFORD ROAD, RADNOR, PA 19087

PHILADELPHIA FINANCIAL DISTRIBUTION COMPANY
1650 MARKET STREET, 54TH FLOOR, PHILADELPHIA, PA 19103

PHILADELPHIA INVESTORS, LTD.
1528 WALNUT STREET - SUITE 510, PHILADELPHIA, PA 19102

PM SECURITIES, LLC
110 CHADDS FORD COMMONS, CHADDS FORD, PA 19317

PNC CAPITAL MARKETS LLC
225 FIFTH AVENUE, PITTSBURGH, PA 15222
Mailing Address: 225 FIFTH AVENUE, FIFTH FLOOR, PITTSBURGH, PA 15222

PNC INVESTMENTS
620 LIBERTY AVENUE, 26TH FLOOR, PITTSBURGH, PA 15222

PRISOL SECURITIES, INC.
3415 WEST CHESTER PIKE, SUITE 204, NEWTOWN SQUARE, PA 19073

PROFESSIONAL FUNDS DISTRIBUTOR, LLC
760 MOORE ROAD, KING OF PRUSSIA, PA 19406

PROVIDENT PRIVATE CAPITAL PARTNERS, INC.
3527 WEST 26TH STREET, ERIE, PA 16506

PRUDENT BROKERAGE ASSOCIATES
1735 MARKET STREET, SUITE 3902, PHILADELPHIA, PA 19103-7598

PWA SECURITIES, INC.
4900 PERRY HIGHWAY, SUITE 300, PITTSBURGH, PA 15229

QUOIN CAPITAL LLC
1515 MARKET STREET, SUITE 1808, PHILADELPHIA, PA 19102

RADNOR RESEARCH & TRADING COMPANY LLC
290 KING OF PRUSSIA ROAD, RADNOR STATION 2, SUITE 120, RADNOR, PA 19087

RAMPART FINANCIAL SERVICES, INC.
DOYLESTOWN COMMERCE CENTER, 2005 S. EASTON ROAD, SUITE 202, DOYLESTOWN, PA 18901

RAPTOR PARTNERS LLC
ONE NORTH SHORE CENTER, 12 FEDERAL ST., SUITE 201, PITTSBURGH, PA 15212-5700

REGIONAL BROKERS, INC.
1628 JOHN F KENNEDY BLVD, PHILADELPHIA, PA 19103-2925
Mailing Address: 1628 JOHN F KENNEDY BLVD., SUITE 1901, PHILADELPHIA, PA 19103-2925

RESOURCE SECURITIES, INC.
ONE COMMERCE SQUARE, 2005 MARKET STREET, 15TH FLOOR, PHILADELPHIA, PA 19103

RIVER CROSS SECURITES, LLLP
401 CITY AVENUE, SUITE 220, BALA CYNWYD, PA 19004
Mailing Address: 401 CITY AVENUE, SUITE 912, BALA CYNWYD, PA 19004

ROBINSON & ROBINSON, INC.
1337 HAMILTON STREET, ALLENTOWN, PA 18102

RODGERS BROTHERS, INC.
800 CRANBERRY WOODS DRIVE, SUITE 200, CRANBERRY TOWNSHIP, PA 16066

ROTHMAN SECURITIES, INC.
1111 STREET ROAD, SUITE 201, SOUTHAMPTON, PA 18966

SCHNEIDER DOWNS CORPORATE FINANCE, LP
1133 PENN AVENUE, PITTSBURGH, PA 15222

SEI INVESTMENTS DISTRIBUTION CO.
ONE FREEDOM VALLEY DRIVE, OAKS, PA 19456

SESLIA SECURITIES
2107 CRYSTAL GADE 7A, CHARLOTTE AMALIE, ST THOMAS, VI 00802
Mailing Address: 111 S INDEPENDANCE MALL #830, PHILADELPHIA, PA 19106

SGC SECURITIES LP
107 FORREST AVENUE, STE. 11, NARBERTH, PA 19072

SIG BROKERAGE, LP
140 BROADWAY, 47TH FLOOR, NEW YORK, NY 10005
Mailing Address: 401 CITY LANE AVE, BALA CYNWYD, PA 19004

SOLEBURY CAPITAL LLC
400 SOUTH RIVER ROAD,, SUITE 300, NEW HOPE, PA 18938

SPOUTING ROCK CAPITAL ADVISORS, LLC
100 MATSONFORD ROAD, BUILDING FIVE, SUITE 441, RADNOR, PA 19087

SSG CAPITAL ADVISORS, LLC
300 BARR HARBOR DRIVE, SUITE 420, WEST CONSHOHOCKEN, PA 19428

STANLEY LAMAN GROUP SECURITIES, LLC
1235 WESTLAKES DRIVE, SUITE 295, BERWYN, PA 19312

STERLING CAPITAL DISTRIBUTORS, INC.
760 MOORE ROAD, KING OF PRUSSIA, PA 19406

STROUSE, GREENBERG REALTY INVESTMENTS, INC.
200 S BROAD STREET,  3RD FLOOR, THE BELLEVUE, PHILADELPHIA, PA 19102
Mailing Address: 200 S. BROAD STREET, 3RD FLOOR, THE BELLEVUE, PHILADELPHIA, PA 19102

SUSQUEHANNA CAPITAL GROUP
401 CITY AVENUE, SUITE 220, BALA CYNWYD, PA 19004-1122

SUSQUEHANNA FINANCIAL GROUP, LLLP
401 CITY AVE, SUITE 220, BALA CYNWYD, PA 19004-1122

THE KEYSTONE EQUITIES GROUP, L.P.
1003 EGYPT ROAD, OAKS, PA 19456-1155
Mailing Address: P.O. BOX 1155, OAKS, PA 19456-1155

THOMAS M. NIXON & ASSOCIATES, INC.
4775 WALLINGFORD STREET, PITTSBURGH, PA 15213-1711

TRUSTMONT FINANCIAL GROUP, INC.
SCENIC DRIVE PROFESSIONAL CENTER, 200 BRUSH RUN ROAD, SUITE A, GREENSBURG, PA 15601
Mailing Address: SCENIC DRIVE PROFESSIONAL CENTER, 200 BRUSH RUN ROAD, SUITE A, GREENSBURG, PA 15601

U S PARTICIPATIONS LTD.
3909 HARTZDALE DRIVE, SUITE 901, CAMP HILL, PA 17011

UNIVEST INVESTMENTS, INC.
14 N. MAIN STREET, P.O. BOX 64197, SOUDERTON, PA 18964
Mailing Address: 14 N. MAIN STREET, ATTN: ANNETTE KNIBBS, SOUDERTON, PA 18964

VALLEY FORGE ASSET MANAGEMENT CORP.
150 S. WARNER ROAD, SUITE 200, KING OF PRUSSIA, PA 19406
Mailing Address: P.O. BOX 960, VALLEY FORGE, PA 19482

VALLEY NATIONAL INVESTMENTS, INC.
1605 VALLEY CENTER PARKWAY, SUITE 160, BETHLEHEM, PA 18017

VANGUARD MARKETING CORPORATION
100 VANGUARD BLVD, MALVERN, PA 19355
Mailing Address: 400 DEVON PARK DRIVE- A39, WAYNE, PA 19087

VFIC SECURITIES, INC.
1030 OLD VALLEY FORGE ROAD, KING OF PRUSSIA, PA 19406

WESTMINSTER INVESTMENT GROUP, INC.
23 EAST NORTH STREET, NEW CASTLE, PA 16101

WILDWOOD CAPITAL SECURITIES, INC.
373 EAST MAIN STREET, SUITE 100, COLLEGEVILLE, PA 19426

WINDSOR, SHEFFIELD & CO., INC.
489 DEVON PARK DR., SUITE 316, WAYNE, PA 19087
Mailing Address: 489 DEVON PARK DRIVE, SUITE 316, WAYNE, PA 19087

If an individual investor has a dispute with a FINRA brokerage firm stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in one West Virginia city: Charleston, West Virginia.

The Securities Fraud Lawyers at Greco & Greco, P.C. represent West Virginia residents in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of West Virginia including Charleston, Huntington, Morgantown, Parkersburg, Wheeling, Fairmont, Weirton, and Martinsburg.

The West Virginia Securities Commission, in Charleston, West Virginia, regulates the sales of securities in the state of West Virginia. Its website provides information on state securities Statutes and Rules, and information on how to file a complaint.

West Virginia's Securities Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney's fees, and interest.

Common Legal Claims by investors against their financial advisors in West Virginia are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

The Civil Liability section of the West Virginia Securities Act is as follows:

dz2-4-410. Civil liabilities.

(a) Any person who

(1) Offers or sells a security in violation of section 201(a), 301, 403 or 405(b), or of any condition imposed under section 304(d), 305(g) or 305(h), or

(2) Offers or sells a security by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading (the buyer not knowing of the untruth or omission), and who does not sustain the burden of proof that he did not know, and in the exercise of reasonable care could not have known, of the untruth or omission, is liable to the person buying the security from him, who may assert a claim in a civil action to recover the consideration paid for the security, together with interest at nine percent per year from the date of payment, costs and reasonable attorneys' fees, less the amount of any income received on the security, upon the tender of the security, or for damages if he no longer owns the security. Damages are the amount that would be recoverable upon a tender less the value of the security when the buyer disposed of it and interest at nine percent per year from the date of disposition.

(b) Every person who directly or indirectly controls a seller liable under subsection (a), every partner, officer or director of such a seller, every person occupying a similar status or performing similar functions, every employee of such a seller who materially aids in the sale, and every broker-dealer or agent who materially aids in the sale are also liable jointly and severally with and to the same extent as the seller, unless the nonseller who is so liable sustains the burden of proof that he did not know, and in exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist. There is contribution as in cases of contract among the several persons so liable.

(c) Any tender specified in this section may be made at any time before entry of judgment.

(d) Every cause of action under this statute survives the death of any person who might have been a plaintiff or defendant.

(e) No person may sue under this section more than three years after the sale.

(f) No person who has made or engaged in the performance of any contract in violation of any provision of this chapter or any rule or order hereunder, or who has acquired any purported right under any such contract with knowledge of the facts by reason of which its making or performance was in violation, may base any suit on the contract.

(g) Any condition, stipulation or provision binding any person acquiring any security to waive compliance with any provision of this chapter or any rule or order hereunder is void.

(h) The rights and remedies provided by this chapter are in addition to any other rights or remedies that may exist at law or in equity, but this chapter does not create any cause of action not specified in this section or section 202(e).

FINRA securities brokerage firms with their main offices in West Virginia:

HAZLETT, BURT & WATSON, INC.
1300 CHAPLINE STREET, WHEELING, WV 26003

KACZMAREK FINANCIAL SERVICES, LLC
309 LIBERTY AVENUE, WEIRTON, WV 26062
Mailing Address: 309 LIBERTY AVENUE, WEIRTON, WV 26062

UNITED BROKERAGE SERVICES, INC
514 MARKET STREET, PARKERSBURG, WV 26101
Mailing Address: P. O. BOX 1508, PARKERSBURG, WV 26102-1508

WESBANCO SECURITIES, INC.
135 WEST MAIN ST, ST CLAIRSVILLE, OH 43950
Mailing Address: 1 BANK PLAZA, WHEELING, WV 26003

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in five Florida cities: Miami, Boca Raton, Jacksonville, Tampa, and Orlando.

The Securities Fraud Lawyers at Greco & Greco, P.C. represent Florida residents in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of Florida, including Jacksonville, Miami, Tampa, Orlando, St. Petersburg, Hialeah, Port St. Lucie, Tallahassee, Cape Coral, Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Gainesville, Coral Springs, Lehigh Acres, and Clearwater.

The Florida Office of Financial Regulation, Division of Securities, regulates the sales of securities in the state of Florida. It has offices in Tallahassee, Orlando, West Palm Beach, Miami and Tampa. Its website provides information on state securities Statutes and Rules, and information on how to file a complaint.

Florida's Securities and Investor Protection Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney's fees, and interest.

Common Legal Claims by investors against their financial advisors in Florida are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

The Florida Securities and Investor Protection Act, Section 517.211, states as follows:

Remedies available in cases of unlawful sale.—
(1) Every sale made in violation of either s. 517.07 or s. 517.12(1), (4), (5), (9), (11), (13), (16), or (18) may be rescinded at the election of the purchaser, except a sale made in violation of the provisions of s. 517.1202(3) relating to a renewal of a branch office notification shall not be subject to this section, and a sale made in violation of the provisions of s. 517.12(13) relating to filing a change of address amendment shall not be subject to this section. Each person making the sale and every director, officer, partner, or agent of or for the seller, if the director, officer, partner, or agent has personally participated or aided in making the sale, is jointly and severally liable to the purchaser in an action for rescission, if the purchaser still owns the security, or for damages, if the purchaser has sold the security. No purchaser otherwise entitled will have the benefit of this subsection who has refused or failed, within 30 days of receipt, to accept an offer made in writing by the seller, if the purchaser has not sold the security, to take back the security in question and to refund the full amount paid by the purchaser or, if the purchaser has sold the security, to pay the purchaser an amount equal to the difference between the amount paid for the security and the amount received by the purchaser on the sale of the security, together, in either case, with interest on the full amount paid for the security by the purchaser at the legal rate, pursuant to s. 55.03, for the period from the date of payment by the purchaser to the date of repayment, less the amount of any income received by the purchaser on the security.
(2) Any person purchasing or selling a security in violation of s. 517.301, and every director, officer, partner, or agent of or for the purchaser or seller, if the director, officer, partner, or agent has personally participated or aided in making the sale or purchase, is jointly and severally liable to the person selling the security to or purchasing the security from such person in an action for rescission, if the plaintiff still owns the security, or for damages, if the plaintiff has sold the security.
(3) In an action for rescission:
(a) A purchaser may recover the consideration paid for the security or investment, plus interest thereon at the legal rate, less the amount of any income received by the purchaser on the security or investment upon tender of the security or investment.
(b) A seller may recover the security upon tender of the consideration paid for the security, plus interest at the legal rate, less the amount of any income received by the defendant on the security.
(4) In an action for damages brought by a purchaser of a security or investment, the plaintiff shall recover an amount equal to the difference between:
(a) The consideration paid for the security or investment, plus interest thereon at the legal rate from the date of purchase; and
(b) The value of the security or investment at the time it was disposed of by the plaintiff, plus the amount of any income received on the security or investment by the plaintiff.
(5) In an action for damages brought by a seller of a security, the plaintiff shall recover an amount equal to the difference between:
(a) The value of the security at the time of the complaint, plus the amount of any income received by the defendant on the security; and
(b) The consideration received for the security, plus interest at the legal rate from the date of sale.

(6) In any action brought under this section, including an appeal, the court shall award reasonable attorneys' fees to the prevailing party unless the court finds that the award of such fees would be unjust.

FINRA securities brokerage firms with their main offices in Florida:

1ST BRIDGEHOUSE SECURITIES, LLC
9881 SW 131 STREET, MIAMI, FL 33176
 
1ST DISCOUNT BROKERAGE, INC.
420 SOUTH STATE ROAD 7, SUITE 114, WELLLINGTON, FL 33414
Mailing Address: 420 SOUTH STATE ROAD 7, SUITE 114, WELLINGTON, FL 33414

1ST MUNICH CAPITAL, LLC
HERZOGSTR. 60, MUNICH, D-80803 GERMANY
Mailing Address: 1499 W PALMETTO PARK ROAD, SUITE 250, BOCA RATON, FL 33486

ACP SECURITIES, LLC
444 BRICKELL AVENUE, SUITE 928, MIAMI, FL 33131

ACTIVA CAPITAL MARKETS, INC.
1110 BRICKELL AVENUE, SUITE 902, MIAMI, FL 33131

AKAR CAPITAL MANAGEMENT, INC.
8551 W. SUNRISE BLVD. #102A, PLANTATION, FL 33322
Mailing Address: 8551 W. SUNRISE BLVD #102A, PLANTATION, FL 33322

ALLEGIANT SECURITIES L.L.C.
100 N. BISCAYNE BLVD., SUITE 2106, MIAMI, FL 33132

ALLEGRO SECURITIES LLC
3 W 57TH ST, FL 10, NEW YORK, NY 10019

ALLEN & COMPANY OF FLORIDA, INC.
1401 SOUTH FLORIDA AVENUE, LAKELAND, FL 33803
Mailing Address: P.O. BOX 387, LAKELAND, FL 33802

ALLEN C. EWING & CO.
50 NORTH LAURA STREET, SUITE 3625, JACKSONVILLE, FL 32202
Mailing Address: 50 N LAURA STREET, SUITE 3625, JACKSONVILLE, FL 32202

AMERICA'S CHOICE EQUITIES LLC
840 US HIGHWAY 1, SUITE 315, PALM BEACH GARDENS, FL 33408

AMERICAN MUNICIPAL SECURITIES, INC.
720 SECOND AVE S., ST. PETERSBURG, FL 33701
Mailing Address: P.O. BOX 11749, ST. PETERSBURG, FL 33733-1749

ARIA CAPITAL ADVISORS, LLC
475 CENTRAL AVENUE, SUITE 400, ST. PETERSBURG, FL 33701

ASG SECURITIES, INC.
218 EAST COMMERCIAL BLVD, SUITE 208-L, FT. LAUDERDALE, FL 33308
Mailing Address: 4737 N. OCEAN DR., #213, LAUDERDALE BY THE SEA, FL 33308

ATLAS ONE FINANCIAL GROUP, LLC
200 SOUTH BISCAYNE BOULEVARD, SUITE 4400, MIAMI, FL 33131

AVENTURA SECURITIES, LLC
2875 NE 191ST STREET, SUITE 524, AVENTURA, FL 33180
Mailing Address: 2875 NE 191ST STREET, SUITE 524, AVENTURA, FL 33180

AVM, L.P.            
777 YAMATO ROAD, SUITE 300, BOCA RATON, FL 33431

B & T SECURITIES, INC.
2799 NW BOCA RATON BLVD, SUITE 206, BOCA RATON, FL 33431

BAC FLORIDA INVESTMENTS
2333 PONCE DE LEON BLVD., SUITE 700, CORAL GABLES, FL 33134

BACHER & CO INC
6B CAY HARBOR, KEY LARGO, FL 33037
Mailing Address: 24 DOCKSIDE LANE, PMB #101, KEY LARGO, FL 33037

BALANCED SECURITY PLANNING, INC.
16956 MCGREGOR BLVD. # 7, FORT MYERS, FL 33908

BANIF SECURITIES INC
1001 BRICKELL BAY DR., SUITE 2904, MIAMI, FL 33131
Mailing Address: 1001 BRICKELL BAY DR., SUITE 2906, MIAMI, FL 33131

BANKERS INTERNATIONAL SECURITIES, INC.
11101 ROOSEVELT BLVD NORTH, 3RD FLOOR, ST. PETERSBURG, FL 33716-2334
Mailing Address: 11101 ROOSEVELT BLVD NORTH, 3RD FLOOR, ST.PETERSBURG, FL 33716-2334

BASIS FINANCIAL, LLC
3363 NE 163RD STREET, SUITE 706, N. MIAMI BEACH, FL 33160

BAYSHORE PARTNERS, LLC
401 EAST LAS OLAS BOULEVARD, SUITE 1160, FORT LAUDERDALE, FL 33301

BETA CAPITAL MANAGEMENT, L.P.
777 BRICKELL AVENUE, SUITE 1201, MIAMI, FL 33131

BG STRATEGIC ADVISORS LLC
525 SOUTH FLAGLER DRIVE, SUITE 200, WEST PALM BEACH, FL 33401

BIANCO FINANCIAL INC.
1691 MICHIGAN AVE. SUITE 240, MIAMI BEACH, FL 33139
Mailing Address: 1691 MICHIGAN AVE. SUITE 240, MIAMI, FL 33139

BIRKELBACH & CO.
8080 CYPRESS HOLLOW COURT, PONTE VEDRA BEACH, FL 32082

BNP PARIBAS INVESTMENT SERVICES, LLC
201 S. BISCAYNE BLVD., SUITE 1800, MIAMI, FL 33131

BROADSPAN SECURITIES LLC
1450 BRICKELL AVENUE, SUITE 2620, MIAMI, FL 33131

BROOKSTONE SECURITIES, INC.
2920 DRANE FIELD ROAD, LAKELAND, FL 33813
Mailing Address: PO BOX 8087, LAKELAND, FL 33802

BULL & BEAR BROKERAGE SERVICES, INC.
6817 SOUTHPOINT PARKWAY, SUITE 1003, JACKSONVILLE, FL 32216

BULLTICK SECURITIES, LLC
701 BRICKELL AVENUE, SUITE 2550, MIAMI, FL 33131

BULLTICK, LLC
PASEO DE LOS TAMARINDOS 400, TORRE A PISO 23, COL. BOSQUES DE LAS LOMAS, MEXICO D.F., 05120 MEXICO
Mailing Address: 701 BRICKELL AVENUE SUITE 2550, MIAMI, FL 33131

CALTON & ASSOCIATES, INC.
14497 N. DALE MABRY HWY STE. 215, TAMPA, FL 33618

CAPITAL & CREDIT INTERNATIONAL, INC.
14600 N.E. 5TH COURT, MIAMI, FL 33161

CAPITAL & ESTATE MANAGEMENT, INC.
7143 MARINER BLVD., SPRING HILL, FL 34609

CARNES CAPITAL CORPORATION
8889 PELICAN BAY BOULEVARD, SUITE 500, NAPLES, FL 34108-7512

CASSEL SALPETER & CO., LLC
801 BRICKELL AVENUE, SUITE 650, MIAMI, FL 33131

CATALYST FINANCIAL
225 N.E. MIZNER BLVD., SUITE 400, BOCA RATON, FL 33432

CBG FINANCIAL GROUP, INC.
2101 NW CORPORATE BLVD, SUITE 402, BOCA RATON, FL 33431

CEA ATLANTIC ADVISORS, LLC
101 EAST KENNEDY BOULEVARD; SUITE 3300, TAMPA, FL 33602

CERTIGROUP, INC
8302 GULF OF MEXICO BLVD, MARATHON, FL 33050
Mailing Address: 8302 GULF OF MEXICO BLVD., MARATHON, FL 33050

CGI MERCHANT CAPITAL, LLC
8400 NORTHWEST 36TH STREET, SUITE 220, MIAMI, FL 33166

CGIS SECURITIES LLC
990 BISCAYNE BLVD, SUITE 0-901, MIAMI, FL 33132
Mailing Address: 941 HARBOR DRIVE, KEY BISCAYNE, FL 33149

CHAMPION CAPITAL CORPORATION     
141 WATERMAN AVE, SUITE 100, MOUNT DORA, FL 32757

CHILIAN PARTNERS, L.P.
1701 S. FLAGLER DRIVE, SUITE 1001, WEST PALM BEACH, FL 33401
Mailing Address: P.O. BOX 2685, PALM BEACH, FL 33480

CLARK NOBIL & CO.
2500 E. HALLANDALE BEACH BLVD. #701, HALLANDALE, FL 33009
Mailing Address: P.O. BOX 1797, HALLANDALE, FL 33008-1797

CNL SECURITIES CORP.
450 SOUTH ORANGE AVENUE, ORLANDO, FL 32801
Mailing Address: P.O BOX 4920, ORLANDO, FL 32802-4920

COBALT CAPITAL, INC.
210 WYMORE ROAD, WINTER PARK, FL 32789

COMMONWEALTH CAPITAL SECURITIES CORP.
400 CLEVELAND STREET, 7TH FLOOR, CLEARWATER, FL 33755-4041

CONVERGENT SECURITIES, LLC
3535 GALT OCEAN DRIVE, SOUTH SUITE, FORT LAUDERDALE, FL 33308

CORNWALL PARTNERS, LLC
12806 TOUCHSTONE PLACE, PALM BEACH GARDENS, FL 33418
Mailing Address: 191 GREAT HILL ROAD, BOX 192, CORNWALL, CT 06753

CP CAPITAL SECURITIES
1428 BRICKELL AVENUE, SUITE 600, MIAMI, FL 33131

CREDICORP SECURITIES, INC.
121 ALHAMBRA PLAZA, SUITE 1200, CORAL GABLES, FL 33134

CROSSTREE CAPITAL SECURITIES, LLC
4301 ANCHOR PARKWAY, SUITE 450, TAMPA, FL 33634

DAKOTA SECURITIES INTERNATIONAL, INC.
9211 SW 72 STREET SUITE 102, MIAMI, FL 33173
Mailing Address: 9211 SW 72 STREET, MIAMI, FL 33173

DAWSON JAMES SECURITIES, INC.
925 SOUTH FEDERAL HIGHWAY, SUITE 600, BOCA RATON, FL 33432

DELANEY EQUITY GROUP LLC
1665 PALM BEACH LAKES BLVD., SUITE 805, WEST PALM BEACH, FL 33401

DIVERSIFIED CAPITAL CORPORATION
2 BISCAYNE BOULEVARD, SUITE #1742, MIAMI, FL 33131

DOUBLE EAGLE SECURITIES OF AMERICA, INC.
6610 N. UNIVERSITY DRIVE, SUITE 250, TAMARAC, FL 33321

DOWNSTATE SECURITIES GROUP, INC.
259 INDIAN ROCKS ROAD NO., BELLEAIR BLUFFS, FL 33770-1729

E.S. FINANCIAL SERVICES, INC.
1395 BRICKELL AVE, SUITE 490, MIAMI, FL 33131
Mailing Address: 1395 BRICKELL AVE 4TH FLOOR, MIAMI, FL 33131

EAGLE FUND DISTRIBUTORS, INC.
880 CARILLON PARKWAY, ST. PETERSBURG, FL 33716

EFG CAPITAL INTERNATIONAL
701 BRICKELL AVE, 9TH FLOOR & SUITE 1350, MIAMI, FL 33131-286

EQUIFINANCIAL LLC
1717 NORTH BAYSHORE DRIVE, SUITE 217, MIAMI, FL 33132

EQUITY STATION, INC.
1200 N. FEDERAL HIGHWAY, SUITE 400, BOCA RATON, FL 33432

FALCON RESEARCH, INC.
1230 SOUTH MYRTLE AVE, SUITE 401, CLEARWATER, FL 33756

FIRST AMERICAN CAPITAL AND TRADING CORPORATION
1499 W. PALMETTO PARK RD, SUITE 250, BOCA RATON, FL 33486

FIRST FLORIDA SECURITIES, INC.
11660 NIGHT HERON DRIVE, NAPLES, FL 34119

FIRST INTEGRITY CAPITAL PARTNERS CORP.
330 CLEMATIS STREET, #210, WEST PALM BEACH, FL 33401

FIRST MUTUAL PLANNING CORP.
7370 SO. ORIOLE BOULEVARD, SUITE 601C, DELRAY BEACH, FL 33446

FIRSTRADE SECURITIES INC.
133-25 37TH AVENUE, FLUSHING, NY 11354

FLORIDA ATLANTIC SECURITIES CORP.
9130 SOUTH DADELAND BLVD., SUITE 1704, MIAMI, FL 33156

FLORIDA INVESTMENT ADVISORS
601 BAYSHORE BLVD., SUITE 960, TAMPA, FL 33606

FMSBONDS, INC.
4775 TECHNOLOGY WAY, BOCA RATON, FL 33431

FRANKLIN CAPITAL INC
5263 CRESTHAVEN BLVD-VILLA H, WEST PALM BEACH, FL 33415

G. A. REPPLE & COMPANY
101 NORMANDY RD, CASSELBERRY, FL 32707

G.F. INVESTMENT SERVICES, LLC
2080 RINGLING BOULEVARD, 3RD FLOOR, SARASOTA, FL 34237

GEOFFREY RICHARDS SECURITIES CORP.
7570 S. FEDERAL HWY, SUITE 3, HYPOLUXO, FL 33462

GFG SECURITIES, LLC
701 BRICKELL AVENUE, SUITE 1730, MIAMI, FL 33131

GLOBAL INVESTOR SERVICES, L.C.
777 BRICKELL AVE. -- SUITE 1010, MIAMI, FL 33131

GLOBAL STRATEGIC INVESTMENTS, LLC
701 BRICKELL AVENUE, SUITE 1420, MIAMI, FL 33131

GOLF HOST SECURITIES, INC.
36750 US HWY 19 N., PALM HARBOR, FL 34684

GRANDVIEW CAPITAL, INC.
300 S PINE ISLAND RD, SUITE 305, FORT LAUDERDALE, FL 33324

GUZMAN & COMPANY
101 ARAGON AVENUE, CORAL GABLES, FL 33134-5426

GWN SECURITIES INC.
11440 NORTH JOG ROAD, PALM BEACH GARDENS, FL 33418-3764

HALEN CAPITAL,INC
301 SOUTH MISSOURI AVENUE, 2ND FLOOR, CLEARWATER, FL 33756

HALPERN CAPITAL, INC.
20900 NE 30TH AVE., SUITE 200, AVENTURA, FL 33180

HAMMERMAN & STRICKLAND SECURITIES, LLC
18544 DALE MABRY HWY N, LUTZ, FL 33548-7900

HARBOR VIEW ADVISORS, LLC
822 A1A NORTH, SUITE 200, PONTE VEDRA, FL 32082

HEDGECO SECURITIES, LLC
400 CLEMATIS STREET, SUITE 205, WEST PALM BEACH, FL 33401

HERITAGE CAPITAL GROUP, INC.
4811 BEACH BOULEVARD, SUITE 300, JACKSONVILLE, FL 32207

HIGH POINT CAPITAL GROUP, INC.
400 HIGH POINT DRIVE, SUITE 375, COCOA, FL 32926
Mailing Address: 400 HIGH POINT DRIVE SUITE 375, COCOA, FL 32926

HUNTER SCOTT FINANCIAL LLC.
500 GULFSTREAM BLVD, STE 105, DELRAY BH, FL 33483

HWJ CAPITAL PARTNERS II, LLC
751 PARK OF COMMERCE DRIVE, SUITE 118, BOCA RATON, FL 33487
Mailing Address: 751 PARK OF COMMERCE DRIVE, SUITE118-A, BOCA RATON, FL 33487

HYDE PARK CAPITAL ADVISORS, LLC
701 N. FRANKLIN STREET, TAMPA, FL 33602

ICD SECURITIES INC.
7301 SW 57TH COURT, SUITE 420, MIAMI, FL 33143

IDC SECURITES CORP.
2103 CORAL WAY, SUITE 202, MIAMI, FL 33145

INLET SECURITIES, LLC
233 NORTH CAUSEWAY SUITE B, NEW SMYRNA BEACH, FL 32169

INTEGRITY INVESTMENTS, INC.
221 PENSACOLA ROAD, VENICE, FL 34285

INTERBOLSA SECURITIES, LLC
1200 BRICKELL AVENUE, SUITE 800, MIAMI, FL 33131

INTERCAM SECURITIES, INC.
1221 BRICKELL AVENUE, SUITE 1070, MIAMI, FL 33131

INTERNATIONAL ASSETS ADVISORY, LLC
300 SOUTH ORANGE AVENUE, STE 1100, ORLANDO, FL 32801
Mailing Address: 300 SOUTH ORANGE AVENUE, SUITE 1100, ORLANDO, FL 32801

INTL TRADING, INC.
329 PARK AVENUE NORTH, SUITE 350, WINTER PARK, FL 32789
Mailing Address: 329 PARK AVENUE NORTH, SUITE 350, WINTER PARK, FL 32789

INVEST FINANCIAL CORPORATION
8745 HENDERSON ROAD, SUITE 300, TAMPA, FL 33634
Mailing Address: 8745 HENDERSON ROAD, SUITE 300, TAMPA, FL 33634

INVESTACORP, INC.
4400 BISCAYNE BLVD, 11TH FLOOR, MIAMI, FL 33137

INVESTMENTS BY PLANNERS, INC.
2500 N. MILITARY TRAIL, SUITE 285, BOCA RATON, FL 33431-6306

INVEX, INC.
601 BRICKELL KEY DRIVE, SUITE 400, MIAMI, FL 33131

ITA FINANCIAL SERVICES, LLC
100 SE 2ND STREET, 46TH FLOOR, MIAMI, FL 33131

ITAU EUROPA SECURITIES INC.
200 S.BISCAYNE BLVD., SUITE 2200, MIAMI, FL 33131

J.W. COLE FINANCIAL, INC.
6928 W. LINEBAUGH AVE. STE. 101, TAMPA, FL 33625

JAE INVESTMENTS, INC.
7310 DOVER COURT, PARKLAND, FL 33067

JAMES I. BLACK & COMPANY
311 SOUTH FLORIDA AVENUE, LAKELAND, FL 33801
Mailing Address: P.O. BOX 24838, LAKELAND, FL 33802

JHS CAPITAL ADVISORS, INC.
501 E. KENNEDY BLVD, SUITE 1400, TAMPA, FL 33602

JVB FINANCIAL GROUP, LLC
2700 N. MILITARY TRAIL, SUITE 200, BOCA RATON, FL 33431

JWH SECURITIES, INC.
301 YAMATO ROAD, SUITE 2200, BOCA RATON, FL 33431-4931

 

KASHNER DAVIDSON SECURITIES CORPORATION
77 SOUTH PALM AVENUE, SARASOTA, FL 34236-7724

KENDRICK PIERCE & CO
511 W. BAY STREET, SUITE 300, TAMPA, FL 33606
Mailing Address: 511 W. BAY STREET, SUITE 300, TAMPA, FL 33606

KENNETH, JEROME & CO.,INC.
147 COLUMBIA TPKE, FLORHAM PK, NJ 07932
Mailing Address: P.O. BOX 38, FLORHAM PK, NJ 07932-0038

KILEY PARTNERS, INC.
13241 OAKMEADE, PALM BEACH GARDENS, FL 33418

KOVACK SECURITIES INC.
6451 N. FEDERAL HWY., SUITE 1201, FT. LAUDERDALE, FL 33308

KOVITZ SECURITIES, LLC
115 S. LASALLE ST., 27TH FLOOR, CHICAGO, IL 60603

KPMG CORPORATE FINANCE LLC
303 EAST WACKER DRIVE, FLOOR 22, CHICAGO, IL 60601

KRAMER SECURITIES CORPORATION
7120 S.W. 95 STREET, MIAMI, FL 33156
Mailing Address: P.O. DRAWER 431456, MIAMI, FL 33243

LAFISE SECURITIES CORPORATION
200 S. BISCAYNE BLVD, SUITE 3550, MIAMI, FL 33131

LAMPOST CAPITAL, L.C.
7777 W. GLADES ROAD, SUITE 213, BOCA RATON, FL 33434

LANE, BERRY & CO. INTERNATIONAL, LLC
225 FRANKLIN STREET, SUITE 2200, BOSTON, MA 02110
Mailing Address: 880 CARILLON PARKWAY, ST. PETERSBURG, FL 33716

LCG CAPITAL ADVISORS, LLC
201 EAST KENNEDY BLVD, SUITE 325, TAMPA, FL 33602

LEGEND EQUITIES CORPORATION
4600 EAST PARK DRIVE, SUITE 300, PALM BEACH GARDENS, FL 33410

LIVINGSTON MONROE CAPITAL GROUP INC.
5550 GLADES ROAD, SUITE 308, BOCA RATON, FL 33431

MAGELLAN GLOBAL PARTNERS INC.
2103 CORAL WAY, SUITE 202, MIAMI, FL 33145

MAITLAND SECURITIES, INC.
1111 DOUGLAS AVENUE, ALTAMONTE SPRINGS, FL 32714

MARTINEZ-AYME SECURITIES
9495 SUNSET DRIVE, SUITE B275, MIAMI, FL 33173

MBS CAPITAL MARKETS, LLC
4890 W. KENNEDY BLVD., SUITE 288, TAMPA, FL 33609

MCDUFFIE/MORRIS FINANCIAL GROUP, INC.
3 BROADRIVER ROAD, ORMOND BEACH, FL 32174-8744

MEDITERRANEAN SECURITIES GROUP, LLC
301 YAMATO ROAD, SUITE 4160, BOCA RATON, FL 33431
Mailing Address: 301 YAMATO ROAD, SUITE 4160, BOCA RATON, FL 33431

MERCANTIL COMMERCEBANK INVESTMENT SERVICES
220 ALHAMBRA CIRCLE, PH FLOOR, CORAL GABLES, FL 33134

MERRIMAC CORPORATE SECURITIES, INC.
1185 SPRING CENTRE SOUTH BLVD, STE 1060, ALTAMONTE SPRINGS, FL 32714

MICHAEL SAUNDERS SECURITIES CORP.
307 S. ORANGE AVENUE, SARASOTA, FL 34236

MONEY CONCEPTS CAPITAL CORP
11440 NORTH JOG ROAD, PALM BEACH GARDENS, FL 33418
Mailing Address: 11440 NORTH JOG ROAD, PALM BEACH GARDENS, FL 33418-3764

MOWELL FINANCIAL GROUP, INC.
407 EAST SIXTH AVENUE, TALLAHASSEE, FL 32303-6312

MSC - BD, LLC
23150 FASHION DRIVE, SUITE 231, ESTERO, FL 33928

MUREX CAPITAL, LLC
2600 DOUGLAS RD., SUITE 1010B, CORAL GABLES, FL 33134

MUTUAL FUND SPECIALISTS, INC.
1531 ALOMA AVE, WINTER PARK, FL 32789
Mailing Address: P.O. BOX 2767, WINTER PARK, FL 32790-2767

MUTUAL TRUST CO. OF AMERICA SECURITIES
2963 GULF TO BAY BLVD., SUITE #330, CLEARWATER, FL 33759
Mailing Address: 2963 GULF TO BAY BOULEVARD, SUITE #330, CLEARWATER, FL 33759

MYSTOCKFUND SECURITIES, INC.
13700 US HIGHWAY ONE, SUITE 202E, JUNO BEACH, FL 33408

NAVAID FINANCIAL SERVICES, INC.
1522 LOCUST ST., FL. 2, PHILADELPHIA, PA 19102

NELSON IVEST BROKERAGE SERVICES, INC.
423 COUNTRY CLUB DRIVE, WINTER PARK, FL 32789-2968

NEWBRIDGE SECURITIES CORPORATION
1451 CYPRESS CREEK ROAD, SUITE 204, FT. LAUDERDALE, FL 33309
Mailing Address: 1451 CYPRESS CREEK ROAD, SUITE 204, FT. LAUDERDALE, FL 33309

NEWPORT GROUP SECURITIES, INC.
300 INTERNATIONAL PARKWAY STE 270, SUITE 270, HEATHROW, FL 32746-5035

NOBLE FINANCIAL CAPITAL MARKETS
951 YAMATO ROAD, SUITE 210, BOCA RATON, FL 33431

NSM SECURITIES, INC.
1700 PALM BEACH LAKES BLVD, SUITE 900, WEST PALM BEACH, FL 33401
Mailing Address: 1700 PALM BEACH LAKES BLVD., SUITE 900, WEST PALM BEACH, FL 33401

ODD LOT BONDS, INC
18851 N.E. 29 AVE., SUITE 721, AVENTURA, FL 33180

OLD GREENWICH PARTNERS, LLC
3563 OLDFIELD LAKE COURT, JACKSONVILLE, FL 32223
Mailing Address: 11111-70 SAN JOSE BLVD, BOX 306, JACKSONVILLE, FL 32223

OSAGE INVESTMENTS, INC.
1200 NORTH FEDERAL HIGHWAY, SUITE 400, BOCA RATON, FL 33432

PAF SECURITIES, LLC
601 BRICKELL KEY DRIVE, SUITE 604, MIAMI, FL 33131

PCE INVESTMENT BANKERS, INC.
200 E. NEW ENGLAND AVENUE, SUITE 400, WINTER PARK, FL 32789

PERAZA CAPITAL AND INVESTMENT, LLC
111 SECOND AVENUE NORTHEAST, SUITE 705, SAINT PETERSBURG, FL 33701

PERIGEE SECURITIES LP
1605 MAIN STREET, SUITE 709, SARASOTA, FL 34236

PMK SECURITIES & RESEARCH, INC.
105 E. ATLANTIC AVENUE, SUITE 200, DELRAY BEACH, FL 33444

POINTE ATLANTIC, INC
601 N LOIS AVENUE, SUITE 26, TAMPA, FL 33609
Mailing Address: 9753 NORTH 66TH STREET, SUITE 200, PINELLAS PARK, FL 33782

PORTFOLIO RESOURCES GROUP, INC.
800 BRICKELL AVENUE, SUITE 903, MIAMI, FL 33131

PROGRESS INVESTMENTS LLC
701 BRICKELL AVENUE, SUITE 2550, MIAMI, FL 33131

QUANTRIVER FINANCIAL, LLC
4048 EVANS AVENUE, SUITE 207, FORT MYERS, FL 33901

R.M. STARK & CO., INC.
701 SE 6TH AVENUE, SUITE 203, DELRAY BEACH, FL 33483-5186
Mailing Address: 701 SE 6TH AVENUE, SUITE 203, DELRAY BEACH, FL 33483

RAYMOND JAMES & ASSOCIATES, INC.
880 CARILLON PARKWAY, ST. PETERSBURG, FL 33716
Mailing Address: P.O. BOX 12749, ST. PETERSBURG, FL 33733-2749

RAYMOND JAMES FINANCIAL SERVICES, INC.
880 CARILLON PARKWAY, ST. PETERSBURG, FL 33716

REPUBLIC SECURITIES OF AMERICA,INC.
600 E. COLONIAL DR. #100, ORLANDO, FL 32803
Mailing Address: 600 EAST COLONIAL DRIVE, SUITE 100, ORLANDO, FL 32803

REVERE SECURITIES CORP.
3200 N. MILITARY TRAIL, STE. 215, BOCA RATON, FL 33431

ROGAN & ASSOCIATES, INC.
200 9TH AVENUE. NORTH, SUITE 150, SAFETY HARBOR, FL 34695-3500

RSG CAPITAL CORP.
7499 WEST ATLANTIC AVENUE, SUITE 208, DELRAY BEACH, FL 33446

SABADELL SECURITIES USA, INC.
1111 BRICKELL AVENUE, 30TH FLOOR, MIAMI, FL 33131

SADDLEBROOK INVESTMENTS, INC.
5700 SADDLEBROOK WAY, WESLEY CHAPEL, FL 33543-4499

SAXIS GROUP, LLC.
636 7TH AVENUE NORTH, SAINT PETERSBURG, FL 33701
Mailing Address: 17 STATE ST, 11TH FLOOR, MAILBOX 101, NEW YORK, NY 10004

SCHLITT INVESTOR SERVICES, INC.
1717 INDIAN RIVER BLVD-STE 300, VERO BEACH, FL 32960-0867

SEACOAST INVESTOR SERVICES, INC.
704 SW PORT ST LUCIE BLVD, PORT ST LUCIE, FL 34953

SECURITIES RESEARCH, INC.
3055 CARDINAL DRIVE, SUITE 104, VERO BEACH, FL 32963

SFI INTERNATIONAL, LLC
10575 STONEBRIDGE BLVD., BOCA RATON, FL 33498

SHAY FINANCIAL SERVICES, INC.
1000 BRICKELL AVE, SUITE 500, MIAMI, FL 33131

SHEARSON FINANCIAL SERVICES, LLC
7000 W. PALMETTO PARK ROAD, SUITE 306, BOCA RATON, FL 33433

SHELTER BAY SECURITIES, LLC
8942 SHENENDOAH CIRCLE, NAPLES, FL 34113

SINGER XENOS SECURITIES, CORP.
800 DOUGLAS ROAD, SUITE 900, CORAL GABLES, FL 33134-3187

SKYWAY ADVISORS, LLC
100 NORTH TAMPA STREET, SUITE 3550, TAMPA, FL 33602

SLAVIC INVESTMENT CORPORATION
1075 BROKEN SOUND PARKWAY NW, SUITE 100, BOCA RATON, FL 33487-3540

SOLOWEY & CO.
6801 S.W. 101 STREET, MIAMI, FL 33156
Mailing Address: P. O. BOX 566060, MIAMI, FL 33256-6060

SOUTHERN TRUST SECURITIES, INC.
145 ALMERIA AVENUE, CORAL GABLES, FL 33134

SOUZA BARROS SECURITIES, INC
1221 BRICKELL AVENUE, SUITE 1120, MIAMI, FL 33131

SOVEREIGN-AMERICAN SECURITIES, INC.
1016 COLLIER CENTER WAY STE 100, NAPLES, FL 34110

SPARTAN SECURITIES GROUP, LTD.
15500 ROOSEVELT BLVD, SUITE 303, CLEARWATER, FL 33760

SPECIALTY FINANCE GROUP, LLC
2505 SOUTH OCEAN BOULEVARD, SUITE 212, PALM BEACH, FL 33480

STANCHART SECURITIES INTERNATIONAL, INC.
1111 BRICKELL AVENUE, 16TH FLOOR, MIAMI, FL 33131
Mailing Address: 1095 AVENUE OF THE AMERICAS, NEW YORK, NY 10036

STATETRUST INVESTMENTS INC.
800 BRICKELL AVENUE - SUITE 100, MIAMI, FL 33131

STERLING ENTERPRISES GROUP, INC.
6827 FIRST AVENUE SOUTH, ST. PETERSBURG, FL 33707
Mailing Address: 138 107TH AVENUE SUITE 335, TREASURE ISLAND, FL 33706

STRATSTONE SECURITIES, LLC
2100 WEST CYPRESS CREEK RD., FT. LAUDERDALE, FL 33309
Mailing Address: 2100 WEST CYPRESS CREEK RD., FT. LAUDERDALE, FL 33309

SUMMIT BROKERAGE SERVICES, INC.
595 S. FEDERAL HIGHWAY, SUITE 500, BOCA RATON, FL 33432
Mailing Address: 595 SOUTH FEDERAL HIGHWAY, SUITE 500, BOCA RATON, FL 33432

TCT SECURITIES & DERIVATIVES, LLC
1110 BRICKELL AVENUE, SUITE 509, MIAMI, FL 33131

TFG EQUITIES, INC.
6111 BROKEN SOUND PARKWAY, NW, SUITE 150, BOCA RATON, FL 33487
Mailing Address: 6111 BROKEN SOUND PARKWAY, SUITE 150, BOCA RATON, FL 33487

THE CARNEY GROUP, INCORPORATED
135 S.E. 5TH AVENUE, SUITE 202, DELRAY BEACH, FL 33483

THE CARSON MEDLIN COMPANY
4100 WEST KENNEDY BLVD., SUITE 305, TAMPA, FL 33609-2290

THE PENNSYLVANIA GROUP, INCORPORATED
4445 NORTH A1A, SUITE 222, VERO BEACH, FL 32963

TIMOTHY PARTNERS, LTD.
1055 MAITLAND CENTER COMMONS, MAITLAND, FL 32751

TRADE-PMR INC.
1015 NW 56TH TERRACE, GAINESVILLE, FL 32605
Mailing Address: P.O. BOX 358230, GAINESVILLE, FL 32635-8230

TRADEKING
888 E. LAS OLAS BLVD, SUITE 300, FORT LAUDERDALE, FL 33301

TRADESPOT MARKETS INC.
13900 SW 24TH STREET, DAVIE, FL 33325

TRADESTATION SECURITIES, INC.
8050 SW 10TH STREET, SUITE 2000, PLANTATION, FL 33324
Mailing Address: 8050 SW 10TH STREET, SUITE 2000, PLANTATION, FL 33324

TRADEWIRE SECURITIES LLC
1441 BRICKELL AVENUE, SUITE 1210, MIAMI, FL 33131

TRADINGSCREEN BROKERAGE SERVICES LLC
30 IRVING PL, FL 4, NEW YORK, NY 10003

TRANSAM SECURITIES, INC.
1111 DOUGLAS AVENUE, ALTAMONTE SPRINGS, FL 32714

TRANSAMERICA FINANCIAL ADVISORS, INC
570 CARILLON PARKWAY, ST. PETERSBURG, FL 33716-1202
Mailing Address: P.O. BOX 9053, CLEARWATER, FL 33758-9053

TRIAGO
499 PARK AVENUE, SUITE 2001, NEW YORK, NY 10022
Mailing Address: 499 PARK AVE, FL 20, NEW YORK, NY 10022-1231

ULTRALAT CAPITAL MARKETS, INC.
801 BRICKELL AVENUE, SUITE 1060, MIAMI, FL 33131
Mailing Address: 801 BRICKELL AVENUE, MIAMI, FL 33131

UNITED CAPITAL MARKETS, INC.
240 CRANDON BLVD., SUITE 167, KEY BISCAYNE, FL 33149

UNITED SECURITY CORPORATION
4400 BISCAYNE BLVD, SUITE 950, MIAMI, FL 33137
Mailing Address: 4400 BISCAYNE BLVD., MIAMI, FL 33137

VALOR FINANCIAL SECURITIES LLC
521 WEST CENTRAL AVENUE, WINTER HAVEN, FL 33880

VARIANT TRADING INSTITUTIONAL GROUP, INC.
225 N.E. MIZNER BOULEVARD, SUITE 730, BOCA RATON, FL 33432

VASILIOU & COMPANY, INC.
1000 SO. POINTE DRIVE, MIAMI BEACH, FL 33139

VCG SECURITIES, LLC
407 S.E. 1ST STREET, DELRAY BEACH, FL 33483

VECTORGLOBAL WMG
801 BRICKELL AVENUE, SUITE 2500, MIAMI, FL 33131

VENECREDIT SECURITIES, INC.
1111 BRICKELL AVENUE, SUITE 1575, MIAMI, FL 33131
Mailing Address: 1111 BRICKELL AVENUE, SUITE 1575, MIAMI, FL 33131

VFINANCE INVESTMENTS, INC
1200 N. FEDERAL HIGHWAY, SUITE 400, BOCA RATON, FL 33432

VIEWTRADE SECURITIES, INC.
7280 W. PALMETTO PARK RD., 105, BOCA RATON, FL 33433

VOGUE CAPITAL MANAGEMENT LLC
18911 COLLINS AVENUE, #1201, SUNNY ISLES BEACH, FL 33160-2389

WALL STREET MONEY CENTER CORP.
2385 EXECUTIVE CENTER DR., SUITE #100, BOCA RATON, FL 33431
Mailing Address: 2385 EXECUTIVE CENTER DRIVE, SUITE #100, BOCA RATON, FL 33431

WEISS CAPITAL SECURITIES, INC.
15430 ENDEAVOUR DRIVE, JUPITER, FL 33478

WELCOME LIFE SECURITIES, LLC
6001 BROKEN SOUND PARKWAY, SUITE 320-A, BOCA RATON, FL 33487

YOUNG, STOVALL AND COMPANY
9627 S. DIXIE HWY-STE 101, MIAMI, FL 33156

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in two Texas locations: Houston and Dallas.

The Securities Fraud Lawyers at Greco & Greco, P.C. represent Texas residents in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of Texas including Houston, San Antonio, Dallas, Austin, Fort Worth, El Paso, Arlington, Corpus Christi, Plano, Laredo, Lubbock, Garland, Irving, Frisco, Amarillo, and McKinney.

The Texas State Securities Board, in Austin, Texas, regulates the sales of securities in the state of Texas. Its website provides information on state securities Statutes and Rules, and information on how to file a complaint.

Texas's Securities Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney's fees, and interest.

Common Legal Claims by investors against their financial advisors in Texas are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

The Civil Liability section of the Texas Securities Act is as follows:

Sec. 33. Civil Liability with Respect to Issuance or Sale of a Security.

A. Liability of Sellers.

(1) Registration and Related Violations. A person who offers or sells a security in violation of Section 7, 9 (or a requirement of the Commissioner thereunder), 12, 23C, or an order under 23A or 23-2 of this Act is liable to the person buying the security from him, who may sue either at law or in equity for rescission or for damages if the buyer no longer owns the security.

(2) Untruth or Omission. A person who offers or sells a security (whether or not the security or transaction is exempt under Section 5 or 6 of this Act) by means of an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, is liable to the person buying the security from him, who may sue either at law or in equity for rescission, or for damages if the buyer no longer owns the security. However, a person is not liable if he sustains the burden of proof that either (a) the buyer knew of the untruth or omission or (b) he (the offeror or seller) did not know, and in the exercise of reasonable care could not have known, of the untruth or omission. The issuer of the security (other than a government issuer identified in Section 5M) is not entitled to the defense in clause (b) with respect to an untruth or omission (i) in a prospectus required in connection with a registration statement under Section 7A, 7B, or 7C, or (ii) in a writing prepared and delivered by the issuer in the sale of a security.

B. Liability of Buyers. A person who offers to buy or buys a security (whether or not the security or transaction is exempt under Section 5 or 6 of this Act) by means of an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, is liable to the person selling the security to him, who may sue either at law or in equity for rescission or for damages if the buyer no longer owns the security. However, a person is not liable if he sustains the burden of proof that either (a) the seller knew of the untruth or omission, or (b) he (the offeror or buyer) did not know, and in the exercise of reasonable care could not have known, of the untruth or omission.

C. Liability of Nonselling Issuers Which Register.

(1) This Section 33C applies only to an issuer which registers under Section 7A, 7B, or 7C of this Act, or under Section 6 of the U.S. Securities Act of 1933, its outstanding securities for offer and sale by or for the owner of the securities.

(2) If the prospectus required in connection with the registration contains, as of its effective date, an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, the issuer is liable to a person buying the registered security, who may sue either at law or in equity for rescission or for damages if the buyer no longer owns the securities. However, an issuer is not liable if it sustains the burden of proof that the buyer knew of the untruth or omission.

D. Rescission and Damages. For this Section 33:

(1) On rescission, a buyer shall recover (a) the consideration he paid for the security plus interest thereon at the legal rate from the date of payment by him, less (b) the amount of any income he received on the security, upon tender of the security (or a security of the same class and series).

(2) On rescission, a seller shall recover the security (or a security of the same class and series) upon tender of (a) the consideration he received for the security plus interest thereon at the legal rate from the date of receipt by him, less (b) the amount of any income the buyer received on the security.

(3) In damages, a buyer shall recover (a) the consideration the buyer paid for the security plus interest thereon at the legal rate from the date of payment by the buyer, less (b) the greater of:

(i) the value of the security at the time the buyer disposed of it plus the amount of any income the buyer received on the security; or

(ii) the actual consideration received for the security at the time the buyer disposed of it plus the amount of any income the buyer received on the security.

(4) In damages, a seller shall recover (a) the value of the security at the time of sale plus the amount of any income the buyer received on the security, less (b) the consideration paid the seller for the security plus interest thereon at the legal rate from the date of payment to the seller.

(5) For a buyer suing under Section 33C, the consideration he paid shall be deemed the lesser of (a) the price he paid and (b) the price at which the security was offered to the public.

(6) On rescission or as a part of damages, a buyer or a seller shall also recover costs.

(7) On rescission or as a part of damages, a buyer or a seller may also recover reasonable attorney's fees if the court finds that the recovery would be equitable in the circumstances.

E. Time of Tender. Any tender specified in Section 33D may be made at any time before entry of judgment.

F. Liability of Control Persons and Aiders.

(1) A person who directly or indirectly controls a seller, buyer, or issuer of a security is liable under Section 33A, 33B, or 33C jointly and severally with the seller, buyer, or issuer, and to the same extent as if he were the seller, buyer, or issuer, unless the controlling person sustains the burden of proof that he did not know, and in the exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist.

(2) A person who directly or indirectly with intent to deceive or defraud or with reckless disregard for the truth or the law materially aids a seller, buyer, or issuer of a security is liable under Section 33A, 33B, or 33C jointly and severally with the seller, buyer, or issuer, and to the same extent as if he were the seller, buyer, or issuer.

(3) There is contribution as in cases of contract among the several persons so liable.

G. Survivability of Actions. Every cause of action under this Act survives the death of any person who might have been a plaintiff or defendant.

H. Statute of Limitations.

(1) No person may sue under Section 33A(1) or 33F so far as it relates to Section 33A(1):

(a) more than three years after the sale; or

(b) if he received a rescission offer (meeting the requirements of Section 33I) before suit unless he (i) rejected the offer in writing within 30 days of its receipt and (ii) expressly reserved in the rejection his right to sue; or

(c) more than one year after he so rejected a rescission offer meeting the requirements of Section 33I.

(2) No person may sue under Section 33A(2), 33C, or 33F so far as it relates to 33A(2) or 33C:

(a) more than three years after discovery of the untruth or omission, or after discovery should have been made by the exercise of reasonable diligence; or

(b) more than five years after the sale; or

(c) if he received a rescission offer (meeting the requirements of Section 33I) before suit, unless he (i) rejected the offer in writing within 30 days of its receipt, and (ii) expressly reserved in the rejection his right to sue; or

(d) more than one year after he so rejected a rescission offer meeting the requirements of Section 33I.

(3) No person may sue under Section 33B or 33F so far as it relates to Section 33B:

(a) more than three years after discovery of the untruth or omission, or after discovery should have been made by the exercise of reasonable diligence; or

(b) more than five years after the purchase; or

(c) if he received a rescission offer (meeting the requirements of Section 33J) before suit unless he (i) rejected the offer in writing within 30 days of its receipt, and (ii) expressly reserved in the rejection his right to sue; or

(d) more than one year after he so rejected a rescission offer meeting the requirements of Section 33J.

I. Requirements of a Rescission Offer to Buyers. A rescission offer under Section 33H(1) or (2) shall meet the following requirements:

(1) The offer shall include financial and other information material to the offeree's decision whether to accept the offer, and shall not contain an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading.

(2) The offeror shall deposit funds in escrow in a state or national bank doing business in Texas (or in another bank approved by the Commissioner) or receive an unqualified commitment from such a bank to furnish funds sufficient to pay the amount offered.

(3) The amount of the offer to a buyer who still owns the security shall be the amount (excluding costs and attorney's fees) he would recover on rescission under Section 33D(1).

(4) The amount of the offer to a buyer who no longer owns the security shall be the amount (excluding costs and attorney's fees) he would recover in damages under Section 33D(3).

(5) The offer shall state:

(a) the amount of the offer, as determined pursuant to Paragraph (3) or (4) above, which shall be given (i) so far as practicable in terms of a specified number of dollars and a specified rate of interest for a period starting at a specified date, and (ii) so far as necessary, in terms of specified elements (such as the value of the security when it was disposed of by the offeree) known to the offeree but not to the offeror, which are subject to the furnishing of reasonable evidence by the offeree.

(b) the name and address of the bank where the amount of the offer will be paid.

(c) that the offeree will receive the amount of the offer within a specified number of days (not more than 30) after receipt by the bank, in form reasonably acceptable to the offeror, and in compliance with the instructions in the offer, of:

(i) the security, if the offeree still owns it, or evidence of the fact and date of disposition if he no longer owns it; and

(ii) evidence, if necessary, of elements referred to in Paragraph (a)(ii) above.

(d) conspicuously that the offeree may not sue on his purchase under Section 33 unless:

(i) he accepts the offer but does not receive the amount of the offer, in which case he may sue within the time allowed by Section 33H(1)(a) or 33H(2)(a) or (b), as applicable; or

(ii) he rejects the offer in writing within 30 days of its receipt and expressly reserves in the rejection his right to sue, in which case he may sue within one year after he so rejects.

(e) in reasonable detail, the nature of the violation of this Act that occurred or may have occurred.

(f) any other information the offeror wants to include.

J. Requirements of a Rescission Offer to Sellers. A rescission offer under Section 33H(3) shall meet the following requirements:

(1) The offer shall include financial and other information material to the offeree's decision whether to accept the offer, and shall not contain an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading.

(2) The offeror shall deposit the securities in escrow in a state or national bank doing business in Texas (or in another bank approved by the Commissioner).

(3) The terms of the offer shall be the same (excluding costs and attorney's fees) as the seller would recover on rescission under Section 33D(2).

(4) The offer shall state:

(a) the terms of the offer, as determined pursuant to Paragraph (3) above, which shall be given (i) so far as practicable in terms of a specified number and kind of securities and a specified rate of interest for a period starting at a specified date, and (ii) so far as necessary, in terms of specified elements known to the offeree but not the offeror, which are subject to the furnishing of reasonable evidence by the offeree.

(b) the name and address of the bank where the terms of the offer will be carried out.

(c) that the offeree will receive the securities within a specified number of days (not more than 30) after receipt by the bank, in form reasonably acceptable to the offeror, and in compliance with the instructions in the offer, of:

(i) the amount required by the terms of the offer; and

(ii) evidence, if necessary, of elements referred to in Paragraph (a)(ii) above.

(d) conspicuously that the offeree may not sue on his sale under Section 33 unless:

(i) he accepts the offer but does not receive the securities, in which case he may sue within the time allowed by Section 33H(3)(a) or (b), as applicable; or

(ii) he rejects the offer in writing within 30 days of its receipt and expressly reserves in the rejection his right to sue, in which case he may sue within one year after he so rejects.

(e) in reasonable detail, the nature of the violation of this Act that occurred or may have occurred.

(f) any other information the offeror wants to include.

K. Unenforceability of Illegal Contracts. No person who has made or engaged in the performance of any contract in violation of any provision of this Act or any rule or order or requirement hereunder, or who has acquired any purported right under any such contract with knowledge of the facts by reason of which its making or performance was in violation, may base any suit on the contract.

L. Waivers Void. A condition, stipulation, or provision binding a buyer or seller of a security or a purchaser of services rendered by an investment adviser or investment adviser representative to waive compliance with a provision of this Act or a rule or order or requirement hereunder is void.

M. Saving of Existing Remedies. The rights and remedies provided by this Act are in addition to any other rights (including exemplary or punitive damages) or remedies that may exist at law or in equity.

N. Limitation of Liability in Small Business Issuances.

(1) For purposes of this Section 33N, unless the context otherwise requires, "small business issuer" means an issuer of securities that, at the time of an offer to which this Section 33N applies:

(a) has annual gross revenues in an amount that does not exceed $25 million; and

(b) does not have a class of equity securities registered, or required to be registered, with the Securities and Exchange Commission under Section 12 of the Securities Exchange Act of 1934, as amended (15 U.S.C. Section 781).

(2) This Section 33N applies only to:

(a) an offer of securities made by a small business issuer or by the seller of securities of a small business issuer that is in an aggregate amount that does not exceed $5 million; and

(b) a person who has been engaged to provide services relating to an offer of securities described by Section 33N(2)(a), including an attorney, an accountant, a consultant, or the firm of the attorney, accountant, or consultant.

(3) The maximum amount that may be recovered against a person to which this Section 33N applies in any action or series of actions under Section 33 relating to an offer of securities to which this Section 33N applies is an amount equal to three times the fee paid by the issuer or other seller to the person for the services related to the offer of securities, unless the trier of fact finds the person engaged in intentional wrongdoing in providing the services.

(4) A small business issuer making an offer of securities shall provide to the prospective buyer a written disclosure of the limitation of liability created by this Section 33N and shall receive a signed acknowledgement that the disclosure was provided.

Sec. 33-1. Civil Liability of Investment Advisers and Investment Adviser Representatives.

A. Liability of Investment Advisers and Investment Adviser Representatives.

(1) An investment adviser or investment adviser representative who renders services as an investment adviser in violation of Section 12 or an order under Section 23B or 23-2 of this Act is liable to the purchaser, who may sue at law or in equity, for damages in the amount of any consideration paid for the services.

(2) Except as provided by Subsection C of this section, an investment adviser or investment adviser representative who commits fraud or engages in a fraudulent practice in rendering services as an investment adviser is liable to the purchaser, who may sue at law or in equity, for damages.

B. Damages. In damages under Subsection A(2) of this section, the purchaser is entitled to recover:

(1) the amount of any consideration paid for the services, less the amount of any income the purchaser received from acting on the services;

(2) any loss incurred by the person in acting on the services provided by the adviser or representative;

(3) interest at the legal rate for judgments accruing from the date of the payment of consideration; and

(4) to the extent the court considers equitable, court costs and reasonable attorney's fees.

C. Untruth or Omission. An investment adviser or investment adviser representative who in rendering services as an investment adviser makes a false statement of a material fact or omits to state a material fact necessary in order to make the statement made, in light of the circumstances under which the statement is made, not misleading, may not be found liable under Subsection A(2) of this section if the adviser or representative proves:

(1) the purchaser knew of the truth or omission; or

(2) the adviser or representative did not know, and in the exercise of reasonable care could not have known, of the untruth or omission.

D. Statute of Limitations.

(1) A person may not sue under Subsection A(1) of this section more than three years after the violation occurred.

(2) A person may not sue under Subsection A(2) of this section more than five years after the violation occurs or more than three years after the person knew or should have known, by the exercise of reasonable diligence, of the occurrence of the violation.

E. Liability of Control Persons and Assistants.

(1) A person who directly or indirectly controls an investment adviser is jointly and severally liable with the investment adviser under this section, and to the same extent as the investment adviser, unless the controlling person sustains the burden of proof that the person did not know, and in the exercise of reasonable care could not have known, of the existence of the facts by reason of which liability is alleged to exist.

(2) A person who directly or indirectly with intent to deceive or defraud or with reckless disregard for the truth or the law materially aids an investment adviser in conduct for which a cause of action is authorized by this section is jointly and severally liable with the investment adviser in an action to recover damages under this section.

F. A remedy provided by this section is not exclusive of any other applicable remedy provided by law.

FINRA securities brokerage firms with their main offices in Texas:

1ST GLOBAL CAPITAL CORP.
8150 N. CENTRAL EXPRESSWAY, SUITE 500, DALLAS, TX 75206

3 MARK EQUITIES, INC.
1600 HWY. 6 SOUTH, SUITE 400, SUGAR LAND, TX 77478

ABSHIER WEBB DONNELLY & BAKER, INC.
2500 CITY WEST BLVD., SUITE 300, HOUSTON, TX 77042
Mailing Address: 2500 CITY WEST BLVD., SUITE 725, HOUSTON, TX 77042

ACQUEST SECURITIES LLC
1221 MCKINNEY STREET, SUITE 3250, HOUSTON, TX 77010

ACTINVER SECURITIES, INC.
5075 WESTHEIMER, SUITE 650, HOUSTON, TX 77056

AFFILIATED BANKERS CAPITAL, L.L.C.
2801 VIA FORTUNA DRIVE, SUITE 625, AUSTIN, TX 78746

ALLIANCE FINANCIAL GROUP, INC.
5950 BERKSHIRE LANE #1060, DALLAS, TX 75225

AMEGY INVESTMENTS, INC.
4400 POST OAK PARKWAY, HOUSTON, TX 77027
Mailing Address: P.O. BOX 27459, HOUSTON, TX 77227-7459

AMERICAN GENERAL DISTRIBUTORS, INC.
2929 ALLEN PARKWAY, HOUSTON, TX 77019
Mailing Address: 2929 ALLEN PARKWAY L4-01, HOUSTON, TX 77019

AMERICAN GENERAL EQUITY SERVICES CORPORATION
2727-A ALLEN PARKWAY, 2-G7, HOUSTON, TX 77019

AMHERST SECURITIES GROUP, L.P.
7801 NORTH CAPITAL OF TEXAS HIGHWAY, SUITE 300, AUSTIN, TX 78731

ASPEN EQUITY PARTNERS, LLC
2828 N. HARWOOD STREET, #1700, DALLAS, TX 75201

ASSOCIATED BOND BROKERS, INC.
3232 MCKINNEY AVE, STE 690, DALLAS, TX 75204

AWM SERVICES, INC.
1330 POST OAK BOULEVARD, SUITE 1550, HOUSTON, TX 77056

BALANCED FINANCIAL SECURITIES CORPORATION
4A LAKEWAY, ROCKWALL, TX 75032
Mailing Address: P.O. BOX 969, ROCKWALL, TX 75087

BALDWIN ANTHONY SECURITIES, INC.
4131 NORTH CENTRAL EXPWY STE 930, DALLAS, TX 75204

BEHRINGER SECURITIES LP
ONE ADDISON CIRCLE, 15601 DALLAS PARKWAY, SUITE 600, ADDISON, TX 75001

BENJAMIN SECURITIES INVESTMENT COMPANY, INC.
3603 RIDGEVIEW DRIVE, MISSOURI CITY, TX 77459

BENNETT ROSS, INC.
100 EAST 15TH STREET, SUITE 405, FORT WORTH, TX 76102

BFT FINANCIAL GROUP, LLC
2312 SCHOOL LANE, BEDFORD, TX 76021

BLACKHILL ADVISORS LP
2602 MCKINNEY, SUITE 400, DALLAS, TX 75204
Mailing Address: 2602 MCKINNEY AVENUE, SUITE 400, DALLAS, TX 75204

BLEY INVESTMENTS GROUP, INC.
4200 S. HULEN ST STE 519, FT. WORTH, TX 76109
Mailing Address: 4200 S. HULEN ST STE 519, FORT. WORTH, TX 76109

BLUE BELLE INVESTMENT CO., INC.
2001 KIRBY DRIVE, SUITE 909, HOUSTON, TX 77019

BLUFFVIEW CAPITAL, LP
1700 PACIFIC, SUITE 2660, DALLAS, TX 75201

BRAYMEN, LAMBERT AND NOEL SECURITIES, LTD.
4123 MCCULLOUGH, SAN ANTONIO, TX 78212

BRAZOS SECURITIES, INC.
12400 COIT ROAD, SUITE 1040, DALLAS, TX 75251
Mailing Address: 6454 VICKERY BLVD., DALLAS, TX 75214

BROWN AND BROWN SECURITIES, INC.
4925 GREENVILLE AVENUE #990, DALLAS, TX 75206-4026

BULLISH BOB BAGLEY SECURITIES, INC.
2535-A CEDAR SPRINGS, DALLAS, TX 75201

CALDWELL INTERNATIONAL SECURITIES
7635 FM 32, FISCHER, TX 78623

CALLAWAY FINANCIAL SERVICES, INC.
721 N. FIELDER RD. #C, ARLINGTON, TX 76012
Mailing Address: 721 N FIELDER RD #C, ARLINGTON, TX 76012

CAMBRIDGE LEGACY SECURITIES L.L.C.
15660 N DALLAS PARKWAY, SUITE 700, DALLAS, TX 75248

CAPITAL INSTITUTIONAL SERVICES, INC.
1601 ELM STREET, SUITE 3900, DALLAS, TX 75201

CAPNET SECURITIES CORPORATION
15721 PARK ROW, SUITE 100, HOUSTON, TX 77084

CAPROCK SECURITIES, INC.
4601 50TH STREET, SUITE 202, LUBBOCK, TX 79414-3518

CAPSTONE ASSET PLANNING COMPANY
3700 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 250, HOUSTON, TX 77042

CBRE CAPITAL ADVISORS, INC.
2100 MCKINNEY AVENUE, SUITE 900, DALLAS, TX 75201

CHALLENGER CAPITAL GROUP, LTD.
2525 MCKINNON ST., SUITE 300, DALLAS, TX 75201

CHARLES W. PACE SECURITIES GROUP, INC.
4650 COLE AVENUE, #115, DALLAS, TX 75205

CHESTNUT ENERGY PARTNERS, INC.
2201 N. CENTRAL EXPRESSWAY, SUITE 240, RICHARDSON, TX 75080

CHOICE INVESTMENTS, INC.
KALEIDO 1, 9390 RESEARCH BLVD, BLDG 1, STE 412, AUSTIN, TX 78759

CLARK SECURITIES, INC.
2100 ROSS AVENUE, SUITE 2200, DALLAS, TX 75201-7906

CLINGER & CO., INC.
6505 CLAWSON ST., HOUSTON, TX 77055-7103

CND FINANCIAL LTD.
7350 CIRCLE OAK DR., BULVERDE, TX 78163

CNS SECURITIES, LLC
1651 N. COLLINS, SUITE 218, RICHARDSON, TX 75080
Mailing Address: 1651 N. COLLINS, SUITE 218, RICHARDSON, TX 75080

COASTAL SECURITIES, INC.
5555 SAN FELIPE, SUITE 2200, HOUSTON, TX 77056

COBRA TRADING, INC.
825 MARKET STREET, SUITE 240, ALLEN, TX 75013

COMMERCE SECURITIES CORPORATION
710 NO. POST OAK RD., SUITE 400, HOUSTON, TX 77024

COMMERCE STREET CAPITAL, LLC
1445 ROSS AVE. SUITE 2700, DALLAS, TX 75202
Mailing Address: 1445 ROSS AVE. SUITE 2700, DALLAS, TX 75202

CONDERA SECURITIES, LLC
4900 WOODWAY DRIVE, SUITE 940, HOUSTON, TX 77056

CP COGENT SECURITIES LP
2101 CEDAR SPRINGS RD STE 1200, DALLAS, TX 75201

CRESCENT SECURITIES GROUP, INC.
8750 N. CENTRAL EXPRESSWAY, SUITE 750, DALLAS, TX 75231

CRUTCHFIELD SECURITIES, L.L.C.
2700 POST OAK BOULEVARD, SUITE 975, HOUSTON, TX 77056

CSP SECURITIES, LP
13355 NOEL ROAD, SUITE 1050, DALLAS, TX 75240

D.H. HILL SECURITIES, LLLP
7821 FM 1960 E. SUITE B, HUMBLE, TX 77346
Mailing Address: 7821 FM 1960 E., SUITE B, HUMBLE, TX 77346

DBA THE DELTA COMPANY
901 NE LOOP 410, SUITE 711, SAN ANTONIO, TX 78209

DCMB SECURITIES LLC
1800 AUGUSTA, STE 107, HOUSTON, TX 77057

DEEP ATS, LLC
6101 W.COURTYARD, BLDG 1, SUITE 110, AUSTIN, TX 78730

DFA SECURITIES LLC
6300 BEE CAVE ROAD, AUSTIN, TX 78746
Mailing Address: 6300 BEE CAVE ROARD, AUSTIN, TX 78746

DILLON - GAGE SECURITIES, INC.
15301 DALLAS PKWY SUITE 200, ADDISON, TX 75001
Mailing Address: 15301 DALLAS PARKWAY SUITE 200, ADDISON, TX 75001

DLS CAPITAL PARTNERS, INC.
7700 GREENWAY TOWNHOUSE B1, DALLAS, TX 75209

DOMINION INVESTOR SERVICES, INC.
1100 NW LOOP 410, SUITE 800, SAN ANTONIO, TX 78213

DOUGLAS SCOTT SECURITIES, INC.
101 WEST RENNER ROAD, SUITE 480, RICHARDSON, TX 75082

E & G INVESTMENTS, LP
230 WESTCOTT, SUITE 220, HOUSTON, TX 77007

EDI FINANCIAL, INC.
12221 MERIT DRIVE, SUITE 1020, DALLAS, TX 75251-2207

EHRENBERG CHESLER SECURITIES, INC
7373 BROADWAY, SUITE 108, SAN ANTONIO, TX 78209
Mailing Address: 223 JUSTIN ROAD, MURPHY, TX 75094

ELTEKON SECURITIES, LLC
900 S. CAPITAL OF TEXAS HWY, SUITE 160, WEST LAKE HILLS, TX 78746

EMPIRIC DISTRIBUTORS, INC.
6300 BRIDGEPOINT PARKWAY, BUILDING 2, SUITE 105, AUSTIN, TX 78730
Mailing Address: 6300 BRIDGEPOINT PARKWAY, BUILDING II, SUITE 105, AUSTIN, TX 78730

ENERGY CAPITAL SOLUTIONS LLC
2651 NORTH HARWOOD, SUITE 410, DALLAS, TX 75201

ENERGY HUNTER SECURITIES, INC.
777 POST OAK BLVD, SUITE 650, HOUSTON, TX 77056

ENERGYNET.COM, INC.
7201 I-40 WEST SUITE 319, AMARILLO, TX 79106

ENSTREAM CAPITAL SECURITIES, LLC
100 CRESCENT COURT, STE. 700, DALLAS, TX 75201

ESPOSITO SECURITIES, LLC
300 CRESCENT COURT, SUITE 650, DALLAS, TX 75201

ESTRADA HINOJOSA & COMPANY, INC.
1717 MAIN STREET LB 47, DALLAS, TX 75201-7361

FAIRFAX SECURITIES CORPORATION
98 SAN JACINTO BLVD STE 2020, AUSTIN, TX 78701
Mailing Address: 1718 CROMWELL HL, AUSTIN, TX 78703

FALCONBRIDGE CAPITAL MARKETS, LLC
5504 DEMOCRACY DRIVE, SUITE 240, PLANO, TX 75024

FINANCIAL PARADIGMS, INC.
4900 WOODWAY, SUITE 550, HOUSTON, TX 77056

FIRST CANTERBURY SECURITIES, INC.
12989 JUPITER ROAD, SUITE 203, DALLAS, TX 75238-3212

FIRST COMMAND FINANCIAL PLANNING, INC.
1 FIRSTCOMM PLAZA, FORT WORTH, TX 76109
Mailing Address: P.O. BOX 2387, FORT WORTH, TX 76113

FIRST DALLAS SECURITIES INCORPORATED
2905 MAPLE AVENUE, DALLAS, TX 75201

FIRST FINANCIAL SECURITIES OF AMERICA, INC.
515 NORTH SAM HOUSTON PARKWAY EAST, STE. 500, HOUSTON, TX 77060
Mailing Address: PO BOX 670329, HOUSTON, TX 77267-0329

FIRST LONDON SECURITIES CORPORATION
2603 FAIRMOUNT ST, DALLAS, TX 75201

FIRST PUBLIC, LLC
12007 RESEARCH BLVD, AUSTIN, TX 78759

FIRST RESEARCH FINANCIAL
4315 BRIARGROVE LANE, DALLAS, TX 75287

FIRST SOUTHWEST COMPANY
325 N. ST. PAUL ST., SUITE 800, DALLAS, TX 75201-4652

FIRST WESTERN SECURITIES, INC.
669 AIRPORT FREEWAY #409, HURST, TX 76053

FOX FINANCIAL MANAGEMENT CORPORATION
2129 NORTH JOSEY LANE, CARROLLTON, TX 75006

FRIEDMAN, LUZZATTO & CO.
14755 PRESTON RD. STE 510, DALLAS, TX 75254
Mailing Address: 14755 PRESTON RD. STE 510, DALLAS, TX 75254

FROST BROKERAGE SERVICES, INC.
100 W. HOUSTON STREET, SAN ANTONIO, TX 78205
Mailing Address: P.O. BOX 2538, SAN ANTONIO, TX 78299

FROST SECURITIES, INC.
2727 N. HARWOOD STE. 1000, DALLAS, TX 75201-1515

FULCRUM CAPITAL MARKETS LLC
111 CONGRESS AVENUE, SUITE 2550, AUSTIN, TX 78704

FUNDS PLACEMENT GROUP, LLC
2200 ROSS AVENUE, SUITE 4900W, DALLAS, TX 75201

GALWAY CAPITAL, L.P.
3050 POST OAK BLVD., SUITE 1300, HOUSTON, TX 77056

GBM INTERNATIONAL, INC.
2700 POST OAK BLVD., SUITE 1110, HOUSTON, TX 77056

GCP SECURITIES, INC.
712 MAIN STREET, SUITE 2500, HOUSTON, TX 77002

GENERATIONAL CAPITAL MARKETS INC.
14241 DALLAS PARKWAY, SUITE 700, DALLAS, TX 75254

GENEVE INTERNATIONAL CORPORATION
111 LONG WOOD AVENUE, LAKEWAY, TX 78734

GLOBAL FINANCIAL SERVICES, L.L.C.
1330 POST OAK BLVD., STE 2100, HOUSTON, TX 77056-3019
Mailing Address: 1330 POST OAK BLVD, STE 2100, HOUSTON, TX 77056-3019

GOLDEN BENEFICIAL SECURITIES CORPORATION
5850 SAN FELIPE, SUITE 111, HOUSTON, TX 77057
Mailing Address: 5850 SAN FELIPE, SUITE111, HOUSTON, TX 77057

GOLDEN STREAM SECURITIES, INC.
5219 WEATHERSTONE CIRCLE, SUGAR LAND, TX 77479

GOVERNMENT CAPITAL SECURITIES CORPORATION
345 MIRON DR, SOUTHLAKE, TX 76092
Mailing Address: 345 MIRON DR., SOUTHLAKE, TX 76092

GRAND FINANCIAL, INC.
15303 DALLAS PARKWAY STE. 1010, ADDISON, TX 75001

GRB FINANCIAL LLC
1415 W. RANDOL MILL, ARLINGTON, TX 76012

GREAT NATION INVESTMENT CORPORATION
5408-A BELL STREET, AMARILLO, TX 79109
Mailing Address: P.O. BOX 7566, AMARILLO, TX 79114-7566

GREENMAN PARKER CONNALLY GREENMAN INCORPORATED
2800 S HULEN SUITE 201, FT. WORTH, TX 76109

GUARDIAN DIRECT ENERGY PROGRAMS, INC.
140 S. VILLAGE CENTER DR., SOUTHLAKE, TX 76092
Mailing Address: 100 S. VILLAGE CENTER DR., SOUTHLAKE, TX 76902

GUIDESTONE FINANCIAL SERVICES
2401 CEDAR SPRINGS ROAD, DALLAS, TX 75201-1498

GULFSTAR GROUP I, LTD.
700 LOUISIANA STREET STE 3800, HOUSTON, TX 77002
Mailing Address: 700 LOUISIANA ST STE 3800, HOUSTON, TX 77002

GUNN & COMPANY INCORPORATED
711 NAVARRO, SUITE 406, SAN ANTONIO, TX 78205

GURUN INVESTMENT ADVISORS, INC.
4925 GREENVILLE AVE, SUITE 1102, DALLAS, TX 75206-4026

H.D. VEST INVESTMENT SERVICES
6333 NORTH STATE HIGHWAY 161, 4TH FLOOR, IRVING, TX 75038-2200

HAND SECURITIES, INC
820 GESSNER, STE 1250, HOUSTON, TX 77024

HBK GLOBAL SECURITIES L.P.
2101 CEDAR SPRINGS ROAD, SUITE 700, DALLAS, TX 75201

HERNDON PLANT OAKLEY, LTD.
800 NORTH SHORELINE BLVD., SUITE 2200 SOUTH, CORPUS CHRISTI, TX 78401

HFBE CAPITAL, LP
815 WALKER STE 1140, HOUSTON, TX 77002

HINES REAL ESTATE INVESTMENTS, INC.
2800 POST OAK BOULEVARD, SUITE 4700, HOUSTON, TX 77056

HUCKIN FINANCIAL GROUP, INC.
3700 BUFFALO SPEEDWAY, SUITE 950, HOUSTON, TX 77098

IICC - TRADECO, INC.
46 CAROLANE TRAIL, HOUSTON, TX 77024
Mailing Address: P.O.BOX 79228, HOUSTON, TX 77279-9228

ILG SECURITIES CORPORATION
200 W CESAR CHAVEZ, 3RD FLOOR, AUSTIN, TX 78701
Mailing Address: P O BOX 149339, AUSTIN, TX 78714-9339

IMS SECURITIES, INC.
10205 WESTHEIMER, SUITE 500, HOUSTON, TX 77042

INDEPENDENT INVESTMENT BANKERS, CORP.
5918 W. COURTYARD DRIVE, SUITE 550, AUSTIN, TX 78730

INSTITUTIONAL CAPITAL MANAGEMENT, INC.
15721 PARK ROW, SUITE 100, HOUSTON, TX 77084

INSTITUTIONAL SECURITIES CORPORATION
3100 MONTICELLO, SUITE 800, DALLAS, TX 75205

INTERCONTINENTAL ASSET MANAGEMENT GROUP, LTD.
300 CONVENT STREET - SUITE 1350, SAN ANTONIO, TX 78205

INTERNATIONAL RESEARCH SECURITIES, INC.
2301 CEDAR SPRINGS - STE. 150, DALLAS, TX 75201-7801

INVESCO DISTRIBUTORS, INC.
11 GREENWAY PLAZA, SUITE 2500, HOUSTON, TX 77046-1173

INVESTMENT PROFESSIONALS, INC.
16414 SAN PEDRO AVE STE. 150, SAN ANTONIO, TX 78232-2245

INVESTORS BROKERAGE OF TEXAS, LTD.
225 S. 5TH ST., WACO, TX 76701
Mailing Address: P.O. BOX 2683, WACO, TX 76702

KENAI INVESTMENTS, INC.
112 SW 8TH AVE STE 301E, AMARILLO, TX 79101

KENT CAPITAL, INC.
7501 TILLMAN HILL ROAD, COLLEYVILLE, TX 76034

KERCHEVILLE & COMPANY, INC.
15750 IH-10 WEST, SAN ANTONIO, TX 78249

KERSHNER SECURITIES, LLC
1825-B KRAMER LANE, SUITE 200, AUSTIN, TX 78758-4281

KIPLING JONES & CO., LTD.
1200 SMITH STREET, STE. 1600, HOUSTON, TX 77002
Mailing Address: 1200 SMITH STREET, STE. 1600, HOUSTON, TX 77002

KIRK SECURITIES CORPORATION
400 N. CARROLL BLVD., STE. 201, DENTON, TX 76201-9041
Mailing Address: P.O. BOX 1934, DENTON, TX 76202

KMHT SECURITIES, INC
1011 PLUM DRIVE, IRVING, TX 75063

KUYKENDALL & SCHNEIDER, INC.
3405 22ND STREET, SUITE 202, LUBBOCK, TX 79410
Mailing Address: 3405 22ND STREET, LUBBOCK, TX 79410

L. B. FISHER & COMPANY
17300 DALLAS PARKWAY, SUITE 3050, DALLAS, TX 75248

L. B. FISHER & COMPANY
17300 DALLAS PARKWAY, SUITE 3050, DALLAS, TX 75248

LARADORBECKER SECURITIES CORPORATION
32 GOLDEN SCROLL CIRCLE, THE WOODLANDS, TX 77382

LCT CAPITAL, LLC
3012 MEANDERING RIVER CT, AUSTIN, TX 78746

LEGACY ASSET SECURITIES, INC.
1800 WEST LOOP SOUTH STE 1790, HOUSTON, TX 77027

LOWELL & COMPANY, INC.
4021 84TH ST, SUITE 100, LUBBOCK, TX 79423

LUCIEN, STIRLING & GRAY FINANCIAL CORPORATION
4005 GUADALUPE STREET, AUSTIN, TX 78751

M. E. ALLISON & CO., INC.
950 EAST BASSE ROAD, SECOND FLOOR, SAN ANTONIO, TX 78209-1831

MADDEN SECURITIES CORPORATION
1901 NORTH AKARD, DALLAS, TX 75201

MAPLEWOOD INVESTMENT ADVISORS, INC.
8750 N. CENTRAL EXPRESSWAY, SUITE 715, DALLAS, TX 75231

MARINER INVESTMENT GROUP
9601 KATY FREEWAY, SUITE 400, HOUSTON, TX 77024

MBM SECURITIES, INC.
440 LOUISIANA - SUITE 2500, HOUSTON, TX 77002
Mailing Address: 440 LOUISIANA, SUITE 2500, HOUSTON, TX 77002

MCNALLY FINANCIAL SERVICES CORPORATION
1115 TRANQUIL TRAIL DRIVE, SAN ANTONIO, TX 78232-5185
Mailing Address: P.O. BOX 701928, SAN ANTONIO, TX 78270-1928

MHT SECURITIES, L.P.
2000 MCKINNEY AVENUE, SUITE 1200, DALLAS, TX 75201

MICROVENTURE MARKETPLACE INC.
5918 W. COURTYARD DRIVE, SUITE 525, AUSTIN, TX 78730
Mailing Address: 12513 UVALDE CREEK DR., AUSTIN, TX 78732

MID-CONTINENT SECURITIES ADVISORS, LTD.
1218 WEBSTER STREET, HOUSTON, TX 77002-8841

MIDKIFF & STONE CAPITAL GROUP, INC.
4808 PALMETTO, BELLAIRE, TX 77401-3414
Mailing Address: P.O. BOX 705, BELLAIRE, TX 77402-0705

MILKIE/FERGUSON INVESTMENTS, INC.
8750 N.CENTRAL EXPRESSWAY, STE. 1700, DALLAS, TX 75231

MILLENNIUM WAVE INVESTMENTS
3204 BEVERLY, DALLAS, TX 75205

MITCHELL ENERGY ADVISORS, LLC
7515 GREENVIILLE AVENUE, SUITE 905, DALLAS, TX 75231

MONEX SECURITIES, INC.
440 LOUISIANA STREET, SUITE 1500, HOUSTON, TX 77002

MOODY SECURITIES, LLC
6363 WOODWAY SUITE 110, HOUSTON, TX 77057

MORRIS ENERGY ADVISORS, INC.
8 GREENWAY PLAZA, SUITE 1105, HOUSTON, TX 77046

MUNICIPAL CAPITAL MARKETS GROUP, INC.
4851 LBJ FREEWAY - SUITE 200, DALLAS, TX 75244

MURRAY SECURITIES, INC.
909 ESE LOOP 323, SUITE 200, TYLER, TX 75701

MV SECURITIES GROUP, INC.
1001 MCKINNEY, SUITE 1200, HOUSTON, TX 77002

NATIONAL ALLIANCE SECURITIES CORPORATION
1605 LBJ FREEWAY, SUITE 710, DALLAS, TX 75234

NETHERLAND SECURITIES, INC.
12720 HILLCREST ROAD STE 900, DALLAS, TX 75230

NEW INVESTOR WORLD INCORPORATED
6210 CAMPBELL ROAD, SUITE 128, DALLAS, TX 75248

NEXBANK SECURITIES INC
13455 NOEL ROAD, SUITE 1710, DALLAS, TX 75240

NEXT FINANCIAL GROUP, INC.
2500 WILCREST DRIVE, SUITE 620, HOUSTON, TX 77042

NEXTREND SECURITIES, INC.
5200 KELLER SPRINGS RD., #812, DALLAS, TX 75248
Mailing Address: 5200 KELLER SPRINGS ROAD, SUITE 812, DALLAS, TX 75248

NFP SECURITIES, INC.
1250 CAPITAL OF TEXAS HWY S. #2-125, AUSTIN, TX 78746

NOBLES & RICHARDS, INC.
801 EAST PLANO PARKWAY, SUITE 220, PLANO, TX 75074

NORTHGATE SECURITIES INC.
14505 TORREY CHASE, #111, HOUSTON, TX 77014
Mailing Address: 14505 TORREY CHASE, #410, HOUSTON, TX 77014

OMEGA SECURITIES, INC.
309 W. 7TH STREET, STE 900, FORT WORTH, TX 76102-6996
Mailing Address: 309 W. 7TH ST-STE. 900, FORT WORTH, TX 76102-6996

PARKMAN WHALING SECURITIES LLC
600 TRAVIS STREET, SUITE 600, HOUSTON, TX 77002

PENSON FINANCIAL SERVICES, INC.
1700 PACIFIC AVENUE - SUITE 1400, DALLAS, TX 75201
Mailing Address: 1700 PACIFIC AVENUE, SUITE 1400, DALLAS, TX 75201

PERRYMAN SECURITIES, INC.
12221 MERIT DRIVE - SUITE 1725, DALLAS, TX 75251

PETRO CAPITAL SECURITIES, LLC
3838 OAK LAWN, SUITE 1775, DALLAS, TX 75219

PETROGROWTH ENERGY ADVISORS, L.L.C.
433 LAS COLINAS BLVD., SUITE 1200, IRVING, TX 75039

PIVOTAL CAPITAL SOLUTIONS LLC
9015 MOUNTAIN RIDGE DRIVE, SUITE 250, AUSTIN, TX 78759

PLAINSCAPITAL SECURITIES, LLC
2323 VICTORY AVENUE, SUITE 1400, DALLAS, TX 75219

PPHB SECURITIES LP
1900 ST. JAMES PLACE, SUITE 125, HOUSTON, TX 77056

PREFERRED CLIENT GROUP, INC.
3707 DARTMOUTH, DALLAS, TX 75205

PRESIDIO FINANCIAL SERVICES, INC.
755 EAST MULBERRY, SUITE 430, SAN ANTONIO, TX 78212

PRIORITY CAPITAL INVESTMENTS, LLC
33300 EGYPT LANE, SUITE L-500, MAGNOLIA, TX 77354

PROFUTURES FINANCIAL GROUP, INC.
11719 BEE CAVE ROAD, SUITE 200, AUSTIN, TX 78738

PROSPERA FINANCIAL SERVICES, INC.
5429 LBJ FREEWAY, SUITE 400, DALLAS, TX 75240

PURITAN BROKERAGE SERVICES, INC.
16801 ADDISON RD., STE 430, ADDISON, TX 75001
Mailing Address: 16801 ADDISON RD., STE 430, ADDISON, TX 75001

QUANTLAB SECURITIES LP
4200 MONTROSE BOULEVARD, SUITE 200, HOUSTON, TX 77006

RED RIVER SECURITIES, LLC
5601 DEMOCRACY DRIVE, SUITE 280, PLANO, TX 75024

REEF SECURITIES, INC.
1901 N CENTRAL EXPRESSWAY, SUITE 400, RICHARDSON, TX 75080-3558

RHODES SECURITIES, INC.
306 WEST 7TH STREET, SUITE 1000, FT WORTH, TX 76102
Mailing Address: 306 WEST 7TH STREET, SUITE 1000, FORT WORTH, TX 76102

RIVERROCK SECURITIES, LLC
3200 SOUTHWEST FREEWAY, SUITE 3120, HOUSTON, TX 77027

RIVERSTONE WEALTH MANAGEMENT, INC.
7801 CAPITAL OF TEXAS HWY., SUITE 310, AUSTIN, TX 78731

RIVIERE SECURITIES LTD.
1250 S. CAPITAL OF TEXAS HWY., BLDG.2, STE. 120, AUSTIN, TX 78746
Mailing Address: 407 DUCK LAKE, LAKEWAY, TX 78734

S&P INVESTORS, INC.
12720 HILLCREST RD. SUITE 108, DALLAS, TX 75230

SALIENT CAPITAL L.P.
4265 SAN FELIPE, 8TH FLOOR, HOUSTON, TX 77027

SAMCO CAPITAL MARKETS, INC.
6805 CAPITAL OF TEXAS HIGHWAY, SUITE 350, AUSTIN, TX 78731

SANDERS MORRIS HARRIS INC.
600 TRAVIS, SUITE 5800, HOUSTON, TX 77002-3003

SAUSLEY SECURITIES, INC.
1201 ENTERPRISE, 644, LEAGUE CITY, TX 77573
Mailing Address: P.O. BOX 57093, WEBSTER, TX 77598

SCOTT T. TAYLOR, LTD.
14482 HILLSHIRE DR., WILLIS, TX 77318-4478

SECURITIES CORPORATION OF AMERICA
1717 MCKINNEY AVE., SUITE 700, DALLAS, TX 75202

SECURITY CHURCH FINANCE, INC.
14615 BENFER ROAD, HOUSTON, TX 77069

SENDERO SECURITIES, LLC
7373 BROADWAY, SUITE 501, SAN ANTONIO, TX 78209

SETHI FINANCIAL INVESTMENTS, INC.
101 E. PARK BLVD, STE 755, PLANO, TX 75074

SHARE FINANCIAL SERVICES, INC.
15770 DALLAS PARKWAY, SUITE 860, DALLAS, TX 75248

SIGNAL SECURITIES, INC.
700 THROCKMORTON STREET, FORT WORTH, TX 76102-5036

SIMMONS & COMPANY INTERNATIONAL
700 LOUISIANA SUITE 1900, HOUSTON, TX 77002-2753

SL DISTRIBUTORS, INC.
12750 MERIT DRIVE, SUITE 500, DALLAS, TX 75251-1209

SOUTH TEXAS SECURITIES CO.
13027 TAYLORCREST, HOUSTON, TX 77079
Mailing Address: PO BOX 79626, HOUSTON, TX 77279

SOUTHLAKE CAPITAL, L.L.C.
1750 SLEEPY HOLLOW TRAIL, SOUTHLAKE, TX 76092

SOUTHSIDE SECURITIES, INC.
1201 S. BECKHAM AVENUE, TYLER, TX 75701
Mailing Address: P.O. BOX 1079, TYLER, TX 75701

SOUTHWEST MERCHANT GROUP, INC.
3422 BINKLEY AVENUE, DALLAS, TX 75205

SOUTHWEST SECURITIES, INC.
1201 ELM ST, SUITE 3500, DALLAS, TX 75270-2180

SOUTHWESTERN CAPITAL MARKETS, INC.
140 E. HOUSTON STREET, SUITE 201, SAN ANTONIO, TX 78205

SP SECURITIES LLC
1800 ST. JAMES PLACE, SUITE 400, HOUSTON, TX 77056

STARLIGHT INVESTMENTS, LLC
510 BERING DRIVE, SUITE #300, HOUSTON, TX 77057

STATESMAN CORPORATE FINANCE, LLC
1900 WEST LOOP SOUTH, SUITE 1010, HOUSTON, TX 77027

STERLING SMITH CORPORATION
4326A SCOTLAND, HOUSTON, TX 77007

STONEGATE SECURITIES, INC.
5950 SHERRY LANE, SUITE 410, DALLAS, TX 75225

SUMMITALLIANCE SECURITIES, L.L.C.
14785 PRESTON ROAD, STE. 1000, DALLAS, TX 75254

SUNBELT SECURITIES, INC.
5065 WESTHEIMER, SUITE 600, HOUSTON, TX 77056

SWBC INVESTMENT SERVICES, LLC
9311 SAN PEDRO, STE 600, SAN ANTONIO, TX 78216

SWS FINANCIAL SERVICES, INC.
1201 ELM STREET, SUITE 3500, DALLAS, TX 75270

TAG SECURITIES, INC.
5429 LBJ FREEWAY, SUITE 400, DALLAS, TX 75240

TEJAS SECURITIES GROUP, INC.
8226 BEE CAVES ROAD, AUSTIN, TX 78746

TEXAKOMA FINANCIAL, INC.
5601 GRANITE PARKWAY, SUITE 600, PLANO, TX 75024

TEXAS CORPORATE CAPITAL ADVISORS
100 CRESCENT COURT, SUITE 700, DALLAS, TX 75201

TEXAS SECURITIES, INC.
4024 NAZARENE, SUITE B, CARROLLTON, TX 75010

THE CHAMPION GROUP, INC.
401 E. SONTERRA BLVD, SUITE 215, SAN ANTONIO, TX 78258
Mailing Address: 401 E. SONTERRA BLVD, SUITE #215, SAN ANTONIO, TX 78258

THE FIG GROUP, LLC
3710 RAWLINS, SUITE 975, DALLAS, TX 75219

THE FINANCIAL ADVANTAGE COMPANY
423 LAZY BLUFF, SAN ANTONIO, TX 78216-1617
Mailing Address: P.O. BOX 160546, SAN ANTONIO, TX 78280-2746

THE PETROLEUM CLEARINGHOUSE, INC.
500 N SAM HOUSTON PKWY, STE 150, HOUSTON, TX 77067
Mailing Address: P.O. BOX 671787, HOUSTON, TX 77267-1787

THE TIDAL GROUP, INC.
5501 MID CITIES PARKWAY, SUITE 100, SCHERTZ, TX 78154-2413

THORNHILL SECURITIES, INC.
336 SOUTH CONGRESS AVE. STE. 200, AUSTIN, TX 78704

TITAN SECURITIES
14801 QUORUM DR, SUITE 260, DALLAS, TX 75254

TITLEIST ASSET MANAGEMENT, LTD.
7373 BROADWAY, SUITE 108, SAN ANTONIO, TX 78209

TOLARUS CAPITAL ADVISORS, LLC
106 EAST SIXTH STREET, SUITE 900, AUSTIN, TX 78701-3665

TORCH SECURITIES, LLC
770 POST OAK LANE, SUITE 101, HOUSTON, TX 77056

TPEG SECURITIES, LLC
700 N. CARROLL AVE., SUITE 110, SOUTHLAKE, TX 76092
Mailing Address: 700 N. CARROLL AVE. SUITE 110, SOUTHLAKE, TX 76092

TPG CAPITAL BD, LLC
301 COMMERCE STREET, STE 3300, FORT WORTH, TX 76102

TPR INVESTMENTS, L.P.
4 WATERWAY COURT, THE WOODLANDS, TX 77380

TRANSCEND CAPITAL
6500 RIVER PLACE BLVD., BLDG 4, SUITE 102, AUSTIN, TX 78730

TREASURE FINANCIAL CORP.
777 S. CENTRAL EXPRESSWAY, SUITE 101, RICHARDSON, TX 75080

TRI-STAR FINANCIAL
5718 WESTHEIMER SUITE 950, HOUSTON, TX 77057

TRINITY SECURITIES, INC.
3303 OAKWELL COURT, SUITE 210, SAN ANTONIO, TX 78218
Mailing Address: 3303 OAKWELL COURT, SUITE 220, SAN ANTONIO, TX 78218

TRYCO SECURITIES, INC.
3504 WATERCREST DRIVE, PLANO, TX 75093

TUDOR, PICKERING, HOLT & CO. SECURITIES, INC.
1111 BAGBY, SUITE 5000, HOUSTON, TX 77002

U.S. GLOBAL BROKERAGE, INC.
7900 CALLAGHAN ROAD, SAN ANTONIO, TX 78229

USAA FINANCIAL ADVISORS, INC.
9800 FREDERICKSBURG RD., SAN ANTONIO, TX 78288-0227

USAA INVESTMENT MANAGEMENT COMPANY
9800 FREDERICKSBURG ROAD, SAN ANTONIO, TX 78288-0227

USCA SECURITIES LLC
1330 POST OAK BLVD., SUITE 900, HOUSTON, TX 77056

USP SECURITIES CORPORATION
15305 DALLAS PARKWAY, SUITE 1600, ADDISON, TX 75001

VALIC FINANCIAL ADVISORS, INC.
2929 ALLEN PARKWAY, HOUSTON, TX 77019-2158
Mailing Address: P.O. BOX 3206, HOUSTON, TX 77253-3206

VALORES FINAMEX INTERNATIONAL, INC.
PASEO DE LA REFORMA #255 PISO 4, COLONIA CUAUHTEMOC, MEXICO CITY, 06500 MEXICO
Mailing Address: 33300 EGYPT LANE, SUITE E-400, MAGNOLIA, TX 77354

VAN KAMPEN FUNDS INC.
11 GREENWAY PLAZA, SUITE 2500, HOUSTON, TX 77046

VCA SECURITIES, LP
2000 MCKINNEY AVENUE, 6TH FLOOR, DALLAS, TX 75201

VERITRUST FINANCIAL, LLC
3755 CAPITAL OF TX HIGHWAY SOUTH, SUITE 130, AUSTIN, TX 78704
Mailing Address: 3755 CAPITAL OF TX HIGHWAY SOUTH, SUITE 130, AUSTIN, TX 78704

VERT SECURITIES, LLC
3939 ESSEX LANE, STE 130, HOUSTON, TX 77027

VISTA SECURITIES, INC.
9400 NORTH CENTRAL EXPRESSWAY, SUITE 1625, DALLAS, TX 75231

WALL AND COMPANY SECURITIES, INC.
11680 STEPHENVILLE DR, FRISCO, TX 75035

WALTON JOHNSON & COMPANY
2911 TURTLE CREEK BLVD, SUITE 405, DALLAS, TX 75219
Mailing Address: P.O. BOX 192687, DALLAS, TX 75219

WATERFORD CAPITAL, INC.
14175 PROTON ROAD, DALLAS, TX 75244

WATERVIEW SECURITIES, INC.
12201 MERIT DRIVE, SUITE 700, DALLAS, TX 75251

WEALTH SOLUTIONS, INC.
10333 RICHMOND AVE, STE 970, HOUSTON, TX 77042-4115

WEALTHFORGE, LLC
501 EAST FRANKLIN STREET, SUITE 118, RICHMOND, VA 23219

WEAVER TIDWELL CAPITAL, LLC
12221 MERIT DRIVE, SUITE 1400, DALLAS, TX 75251
Mailing Address: 12221 MERIT DRIVE, SUITE 1400, DALLAS, TX 75251

WEISSER JOHNSON CAPITAL LLC
1301 MCKINNEY, SUITE 2810, HOUSTON, TX 77010

WELLER, ANDERSON & CO., LTD.
811 RUSK, SUITE 1725, HOUSTON, TX 77002

WESTERN STRATEGIC ADVISORS, L.L.C.
3100 W. SEVENTH STREET SUITE 300, FORT WORTH, TX 76107

WESTLAKE SECURITIES
2700 VIA FORTUNA SUITE 250, AUSTIN, TX 78746

WFG INVESTMENTS, INC.
2711 N HASKELL AVE., SUITE 2900, DALLAS, TX 75204
Mailing Address: 2711 N HASKELL AVE, SUITE 2900, DALLAS, TX 75204

WILSON STEPHENSON INCORPORATED
100 LEXINGTON STREET, SUITE 150, FORT WORTH, TX 76102

WM. H. MURPHY & CO., INC.
770 SOUTH POST OAK LANE, SUITE 690, HOUSTON, TX 77056

WOODLANDS SECURITIES CORPORATION
10077 GROGANS MILL RD #130, THE WOODLANDS, TX 77380

WOODROCK SECURITIES, L.P.
4265 SAN FELIPE STREET, SUITE 600, HOUSTON, TX 77027

WORLD CHOICE SECURITIES, INC.
1420 BROWN TRAIL, BEDFORD, TX 76022

WORTH FINANCIAL GROUP INC.
16660 DALLAS PARKWAY, SUITE 1600, DALLAS, TX 75248

YOUNGBLOOD SECURITIES CORP.
100 N. CENTRAL EXPRESSWAY #403, RICHARDSON, TX 75080

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in Nashville, Tennessee and Memphis, Tennessee.

The Securities Fraud Lawyers at Greco & Greco, P.C. represent Tennessee residents in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of Tennessee including Nashville, Memphis, Knoxville, Chattanooga, Clarksville, Murfreesboro, Franklin, Jackson, Johnason City, Bartlett, and Hendersonville.

The Tennessee Department of Commerce and Insurance, Securities Division, in Nashville, Tennessee regulates the sales of securities in the state of Tennessee. Its websiteprovides information on consumer protection, state securities Statutes and Rules, and other securities resources.

Tennessee's Uniform Securities Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security) and interest.

Common Legal Claims by investors against their financial advisors in Tennessee are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

Tennessee Code Ǡ48-2-122 Civil Liabilities:

(a) (1) Any person who:

(A) Sells a security in violation of ǧ 48-2-104 -- 48-2-109, 48-2-110(f), or of any condition imposed under Ǡ48-2-107(f), or any rule, or order under this part of which the person has notice; or

(B) Sells a security in violation of Ǡ48-2-121(a) (the purchaser not knowing of the violation of Ǡ48-2-121(a), and who does not carry the burden of proof of showing that the person did not know and in the exercise of reasonable care could not have known of the violation of Ǡ48-2-121(a)); shall be liable to the person purchasing the security from the seller to recover the consideration paid for the security, together with interest at the legal rate from the date of payment, less the amount of any income received on the security, upon the tender of the security, or, if the purchaser no longer owns the security, the amount that would be recoverable upon a tender, less the value of the security when the purchaser disposed of it and interest at the legal rate from the date of disposition.

(2) Tender shall require only notice of willingness to exchange the security for the amount specified.

(3) Any notice may be given by service as in civil actions or by certified mail addressed to the last known address of the person liable.

(b) (1) Any person who purchases a security in violation of Ǡ48-2-121(a) (the seller not knowing of the violation of Ǎ 48-2-121(a), and who does not carry the burden of proof of showing that the purchaser did not know and in the exercise of reasonable care could not have known of the violation of Ǡ48-2-121(a)) shall be liable to the person selling the security to the purchaser to return the security, plus any income received by the purchaser thereon, upon tender of the consideration received, or, if the purchaser no longer owns the security, the excess of the value of the security when the purchaser no longer owns the security, the excess of the value of the security when the purchaser disposed of it, plus interest at the legal rate from the date of disposition, over the consideration paid for the security.

(2) Tender requires only notice of willingness to pay the amount specified in exchange for the security.

(3) Any notice may be given by service as in civil actions or by certified mail to the last known address of the person liable.

(c) (1) Any person who willfully engages in any act or conduct which violates Ǡ48-2-121 shall be liable to any other person (not knowing that any such conduct constituted a violation of Ǡ48-2-121) who purchases or sells any security at a price which was affected by the act or conduct for the damages sustained as a result of such act or conduct unless the person sued shall prove that the person sued acted in good faith and did not know, and in the exercise of reasonable care could not have known, that such act or conduct violated Ǡ48-2-121.

(2) Damages shall be the difference between the price at which the other person purchased or sold securities and the market value which the securities would have had at the time of the other person's purchase or sale in the absence of the act or conduct plus interest at the legal rate.

(d) Any person who shall make or cause to be made any statement in any application, report, or document filed pursuant to this part or any rule or order hereunder or any undertaking contained in a registration statement hereunder, or in any advice given in such person's capacity as an investment adviser, which statement was at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact, shall be liable to any person (not knowing that any such statement was false or misleading) who, in reliance upon such statement, shall have purchased or sold a security at a price which was affected by such statement, for damages (calculated as provided in subsections (a) and (b)) caused by such reliance, unless the person sued shall prove that the person sued acted in good faith and had no knowledge that such statement was false or misleading and in the exercise of reasonable care could not have known that such statement was false or misleading.

(e) A person seeking to enforce any liability under this section may sue either at law or in equity in any court of competent jurisdiction.

(f) In any such suit under this section, the court may, in its discretion, require an undertaking for the payment of the costs of such suit, and assess reasonable costs, including reasonable attorneys' fees, against either party litigant.

(g) Every person who directly or indirectly controls a person liable under this section, every partner, principal executive officer, or director of such person, every person occupying a similar status or performing similar functions, every employee of such person who materially aids in the act or transaction constituting the violation, and every broker-dealer or agent who materially aids in the act or transaction constituting the violation, are also liable jointly and severally with and to the same extent as such person, unless the person who would be liable under this subsection (g) proves that the person who would be liable did not know, and in the exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist. There is contribution as in cases of contract among the several persons so liable.

(h) No action shall be maintained under this section unless commenced before the expiration of five (5) years after the act or transaction constituting the violation or the expiration of two (2) years after the discovery of the facts constituting the violation, or after such discovery should have been made by the exercise of reasonable diligence, whichever first expires.

(i) Any condition, stipulation, or provision binding any person acquiring any security to waive compliance with any provision of this part or any rule or order hereunder is void.

(j) The rights and remedies under this part are in addition to any other rights or remedies that may exist at law or in equity.

(k) The legal rate of interest shall be that as provided by Ǡ47-14-121.

FINRA securities brokerage firms with their main offices in Tennessee:

AARON CAPITAL, INCORPORATED
5180 PARK, SUITE 130, MEMPHIS, TN 38119

ADVANCED ASSET TRADING, INC
5050 POPLAR AVE, SUITE 528, MEMPHIS, TN 38157
Mailing Address: 5050 POPLAR AVE NO.528, MEMPHIS, TN 38157

ALLUVION SECURITIES, LLC
5101 WHEELIS DRIVE, SUITE 200, MEMPHIS, TN 38117

AVONDALE PARTNERS, LLC
3102 WEST END AVENUE, SUITE 1100, NASHVILLE, TN 37203
Mailing Address: 3102 WEST END AVE, SUITE 1100, NASHVILLE, TN 37203

BRANDON INVESTMENTS, INC.
5101 WHEELIS ROAD, SUITE 112, MEMPHIS, TN 38117
Mailing Address: P O BOX 770870, MEMPHIS, TN 38177-0870

BRIGHTCHOICE FINANCIAL, LLC
618 CHURCH STREET, SUITE 430, NASHVILLE, TN 37219

BROWN ASSOCIATES, INC.
819 BROAD STREET, CHATTANOOGA, TN 37402-2613
Mailing Address: P.O. BOX 11507, CHATTANOOGA, TN 37401-2507

CAPWEALTH INVESTMENT SERVICES, LLC
3000 MERIDIAN BLVD, SUITE 250, FRANKLIN, TN 37067

CARTY & COMPANY, INC.
6263 POPLAR AVENUE, SUITE 800, MEMPHIS, TN 38119
Mailing Address: P.O. BOX 17527, MEMPHIS, TN 38187-0527

CENTER STREET SECURITIES, INC.
26 CENTURY BLVD., SUITE 301, NASHVILLE, TN 37214

CHICKASAW SECURITIES, LLC
6075 POPLAR AVENUE, SUITE 402, MEMPHIS, TN 38119

COMMERCE SQUARE TRADING, LLC
6075 POPLAR AVENUE - CRESCENT CENTER, SUITE 700, MEMPHIS, TN 38119
Mailing Address: 6075 POPLAR - CRESCENT CENTER, SUITE 700, MEMPHIS, TN 38119

CURTISWOOD CAPITAL, LLC
104 WOODMONT BLVD, SUITE 200, NASHVILLE, TN 37205

CW SECURITIES, LLC
8848 CEDAR SPRINGS LANE, SUITE 201, KNOXVILLE, TN 37923

DEARBORN CAPITAL MARKETS GROUP, LLC
3065 EAST CORPORATE EDGE DRIVE, SUITE 101, GERMANTOWN, TN 38138

DECOSIMO CORPORATE FINANCE, LLC
SUITE 902, TALLAN FINANCIAL CENTER, CHATTANOOGA, TN 37402

DUNCAN-WILLIAMS, INC.
6750 POPLAR A VENUE - SUITE 300, MEMPHIS (SHELBY), TN 38138-7424
Mailing Address: 6750 POPLAR AVENUE - SUIITE 300, MEMPHIS (SHELBY), TN 38138-7424

ENERGY SECURITIES, INC.
1612 WESTGATE CIRCLE, SUITE 120, BRENTWOOD, TN 37027
Mailing Address: 1612 WESTGATE CIRLCE, SUITE 120, BRENTWOOD, TN 37027

EXTENSION ADVISORS, LLC
4015 HILLSBORO PIKE, SUITE 214, NASHVILLE, TN 37215

FIRST CITIZENS FINANCIAL PLUS, INC.
2017 ST. JOHN AVE. SUITE A, DYERSBURG, TN 38024
Mailing Address: PO BOX 370, DYERSBURG, TN 38025-0370

FIRST TENNESSEE BROKERAGE, INC.
530 OAK COURT DRIVE, SUITE 200, MEMPHIS, TN 38117
Mailing Address: P.O. BOX 240655, MEMPHIS, TN 38124-0655

FOURBRIDGES CAPITAL ADVISORS, LLC
1300 BROAD STREET, SUITE 201, CHATTANOOGA, TN 37402

FTN FINANCIAL SECURITIES CORP
845 CROSSOVER LANE STE 150, MEMPHIS, TN 38117
Mailing Address: 845 CROSSOVER LANE, SUITE 150, MEMPHIS, TN 38117

HARPETH SECURITIES, LLC
FIFTH THIRD CENTER, 424 CHURCH STREET - SUITE 2900, NASHVILLE, TN 37219-2334

HOME FINANCIAL SERVICES, INC.
507 MARKET STREET, KNOXVILLE, TN 37902

ICBA SECURITIES
775 RIDGE LAKE BLVD., SUITE 200, MEMPHIS, TN 38120

IROQUOIS CAPITAL ADVISORS, LLC
401 COMMERCE STREET, SUITE 740, NASHVILLE, TN 37219

K CAPITAL LLC
425 CUMBERLAND PLACE, NASHVILLE, TN 37215

LOVELL INCORPORATED
1519 LIPSCOMB DRIVE, BRENTWOOD, TN 37027
Mailing Address: P.O. BOX 157, BRENTWOOD, TN 37024

MORGAN KEEGAN & COMPANY, INC.
FIFTY FRONT STREET, MORGAN KEEGAN TOWER, MEMPHIS, TN 38103-9980

PARTNER CAPITAL GROUP, LLC
6368 CHICKERING CIRCLE, NASHVILLE, TN 37215

SANDERLIN SECURITIES, LLC
5170 SANDERLIN AVE. - SUITE 102, MEMPHIS, TN 38117

SECURITIES SERVICE NETWORK, INC.
9729 COGDILL ROAD, SUITE 301, KNOXVILLE, TN 37932
Mailing Address: POST OFFICE BOX 30977, KNOXVILLE, TN 37930

SEVILLE CAPITAL, INC.
124 MABRY HOOD ROAD, KNOXVILLE, TN 37922

SILVER OAK SECURITIES, INCORPORATED
3339 N. HIGHLAND AVE, JACKSON, TN 38305

TAYLOR SECURITIES, INC.
100 WINNERS CIRCLE, SUITE 400, BRENTWOOD, TN 37027

THE SECURITIES GROUP, LLC
6465 NORTH QUAIL HOLLOW ROAD, SUITE 400, MEMPHIS, TN 38120-1417

THOROUGHBRED FINANCIAL SERVICES, LLC
5110 MARYLAND WAY, SUITE 300, BRENTWOOD, TN 37027

TRUSTCORE INVESTMENTS, INC.
105 WESTWOOD PLACE, SUITE 400, BRENTWOOD, TN 37027-1015

TRUSTFIRST
265 BROOKVIEW CENTRE WAY, SUITE 504, KNOXVILLE, TN 37919

VELOCITYHEALTH SECURITIES, INC.
95 WHITE BRIDGE ROAD, SUITE 409, NASHVILLE, TN 37205

VINING SPARKS
775 RIDGE LAKE BLVD., SUITE 200, MEMPHIS, TN 38120

WILEY BROS.-AINTREE CAPITAL, LLC
40 BURTON HILLS BLVD., SUITE 350, NASHVILLE, TN 37215

WUNDERLICH SECURITIES, INC.
6000 POPLAR AVENUE, SUITE 150, MEMPHIS, TN 38119

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in Atlanta, Georgia.

The Securities Fraud Lawyers at Greco & Greco, P.C. represent Georgia residents in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of Georgia including Atlanta, Augusta, Columbus, Macon, Bibb County, Savannah, Athens, Sandy Springs, South Fulton, Roswell, Johns Creek, Warner Robins, Albany, Alpharetta, Marietta, and Smyrna.

The Georgia Secretary of State and Securities Commissioner in Macon, Georgia regulates the sales of securities in the state of Georgia. Its website provides information on consumer protection, state securities Statutes and Rules, and other securities resources.

Georgia's Uniform Securities Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney's fees, and interest.

Common Legal Claims by investors against their financial advisors in Georgia are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

Official Code of Georgia, O.C.G.A. § 10-5-58 Enforcement of civil liability; damages

(a) Enforcement of civil liability under this Code section is subject to the Securities Litigation Uniform Standards Act of 1998, 112 Stat. 3227.
(b) A person is liable to the purchaser if the person sells a security in violation of Code Section 10-5-20, or, by means of an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading, the purchaser not knowing the untruth or omission and the seller not sustaining the burden of proof that the seller did not know and, in the exercise of reasonable care, could not have known of the untruth or omission. An action under this subsection is governed by the following:
(1) The purchaser may maintain an action to recover the consideration paid for the security, less the amount of any income received on the security, and interest at the legal rate of interest from the date of the purchase, costs, and reasonable attorney fees determined by the court upon the tender of the security or for actual damages as provided in paragraph (3) of this subsection;
(2) The tender referred to in paragraph (1) of this subsection may be made any time before entry of judgment. Tender requires only notice in a record of ownership of the security and willingness to exchange the security for the amount specified. A purchaser that no longer owns the security may recover actual damages as provided in paragraph (3) of this subsection; and
(3) Actual damages in an action arising under this subsection are the amount that would be recoverable upon a tender less the value of the security when the purchaser disposed of it and interest at the legal rate of interest from the date of the purchase, costs, and reasonable attorney fees determined by the court.
(c) A person is liable to the seller if the person buys a security by means of an untrue statement of a material fact or omission to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading, the seller not knowing of the untruth or omission, and the purchaser not sustaining the burden of proof that the purchaser did not know, and in the exercise of reasonable care, could not have known of the untruth or omission. An action under this subsection is governed by the following:
(1) The seller may maintain an action to recover the security and any income received on the security, costs, and reasonable attorney fees determined by the court upon the tender of the purchase price or for actual damages as provided in paragraph (3) of this subsection;
(2) The tender referred to in paragraph (1) of this subsection may be made any time before entry of judgment. Tender requires only notice in a record of the present ability to pay the amount tendered and willingness to take delivery of the security for the amount specified. If the purchaser no longer owns the security, the seller may recover actual damages as provided in paragraph (3) of this subsection; and
(3) Actual damages in an action arising under this subsection are the difference between the price at which the security was sold and the value the security would have had at the time of the sale in the absence of the purchaser's conduct causing liability and interest at the legal rate of interest from the date of the sale of the security, costs, and reasonable attorney fees determined by the court.
(d) A person acting as a broker-dealer or agent that sells or buys a security in violation of subsection (a) of Code Section 10-5-30, subsection (a) of Code Section 10-5-31, or Code Section 10-5-55 is liable to the customer. The customer, if a purchaser, may maintain an action for recovery of actual damages as specified in subsection (b) of this Code section, or, if a seller, for a remedy as specified in subsection (c) of this Code section.
(e) A person acting as an investment adviser or investment adviser representative that provides investment advice for compensation in violation of subsection (a) of Code Section 10-5-32, subsection (a) of Code Section 10-5-33, or Code Section 10-5-55 is liable to the client. The client may maintain an action to recover the consideration paid for the advice, interest from the date of payment, costs, and reasonable attorney fees determined by the court.
(f) A person that receives directly or indirectly any consideration for providing investment advice to another person and that employs a device, scheme, or artifice to defraud the other person or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit on the other person is liable to the other person. An action under this subsection is governed by the following:
(1) The person defrauded may maintain an action to recover the consideration paid for the advice and the amount of any actual damages caused by the fraudulent conduct, interest from the date of the fraudulent conduct, costs, and reasonable attorney fees determined by the court, less the amount of any income received as a result of the fraudulent conduct; and
(2) This subsection does not apply to a broker-dealer or its agents if the investment advice provided is solely incidental to transacting business as a broker-dealer and no special compensation is received for the investment advice.
(g) The following persons are liable jointly and severally with and to the same extent as persons liable under subsections (b) through (f) of this Code section:
(1) A person that directly or indirectly controls a person liable under subsections (b) through (f) of this Code section, unless the controlling person sustains the burden of proof that the person did not know, and in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist;
(2) An individual who is a managing partner, executive officer, or director of a person liable under subsections (b) through (f) of this Code section, including an individual having a similar status or performing similar functions, unless the individual sustains the burden of proof that the individual did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist;
(3) An individual who is an employee of or associated with a person liable under subsections (b) through (f) of this Code section and who materially aids the conduct giving rise to the liability, unless the individual sustains the burden of proof that the individual did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist; and
(4) A person that is a broker-dealer, agent, investment adviser, or investment adviser representative that materially aids the conduct giving rise to the liability under subsections (b) through (f) of this Code section, unless the person sustains the burden of proof that the person did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which liability is alleged to exist.
(h) A person liable under this Code section has a right of contribution as in cases of contract against any other person liable under this Code section for the same conduct.
(i) A cause of action under this Code section survives the death of an individual who might have been a plaintiff or defendant.
(j) A person may not obtain relief under subsection (b) of this Code section:
(1) For a violation of Code Section 10-5-20 or for a violation of subsection (d) or (e) of this Code section, unless he action is instituted within two years after the violation occurred; or
(2) Other than for a violation of Code Section 10-5-20 or for a violation of subsection (c) or (f) of this Code section, unless the action is instituted within the earlier of two years after discovery of the facts constituting the violation or five years after the violation occurred.
(k) A person that has made or has engaged in the performance of a contract in violation of this chapter or a rule adopted or order issued under this chapter or that has acquired a purported right under the contract with knowledge of conduct by reason of which its making or performance was in violation of this chapter may not base an action on the contract.
(l) A condition, stipulation, or provision binding a person purchasing or selling a security or receiving investment advice to waive compliance with this chapter or a rule adopted or order issued under this chapter is void.
(m) The rights and remedies provided by this chapter are in addition to any other rights or remedies that may exist, but this chapter does not create a cause of action not specified in this Code section or subsection (e) of Code Section 10-5-40.

FINRA securities brokerage firms with their main offices in Georgia:

1ST WORLDWIDE FINANCIAL PARTNERS, LLC
6030 BETHELVIEW ROAD, SUITE 102, CUMMING, GA 30040
 
A & M SECURITIES, LLC
2475 NORTHWINDS PKWY, SUITE 200, ALPHARETTA, GA 30004

ALLEN, MOONEY & BARNES BROKERAGE SERVICES, LLC
135 S. MADISON STREET, THOMASVILLE, GA 31792
Mailing Address: POST OFFICE BOX 1116, THOMASVILLE, GA 31799

AMERICAN WEALTH MANAGEMENT, INC.
1050 CROWN POINTE PARKWAY SUITE 1230, ATLANTA, GA 30338

ANOVEST FINANCIAL SERVICES, INC.
3225 SHALLOWFORD ROAD, SUITE 220, MARIETTA, GA 30062

ARROWHEAD SECURITIES, INC.
6030 BETHELVIEW ROAD SUITE101, CUMMING, GA 30040

ASPEN RIVER SECURITIES, LLC
415 WATERFORD DRIVE, CARTERSVILLE, GA 30120

BLOCK-KELLY COMPANY
304 NORTH BROAD STREET, MONROE, GA 30655
Mailing Address: P.O. BOX 1005, MONROE, GA 30655

BRECKENRIDGE SECURITIES CORP.
945 E. PACES FERRY RD., STE. 1250, ATLANTA, GA 30326

BRIDGE CAPITAL ASSOCIATES, INC.
127 MAIN STREET, LILBURN, GA 30047

BROOKWOOD ASSOCIATES, L.L.C.
15 PIEDMONT CENTER SUITE 820, ATLANTA, GA 30305

C C F INVESTMENTS, INC.
320 N. BROAD ST, THOMASVILLE, GA 31792

CANNON SECURITIES, INC.
649 SOUTH MILLEDGE AVE., SUITE 6, ATHENS, GA 30605
Mailing Address: 16 SOUTH STRATFORD DR., ATHENS, GA 30605

CAPE SECURITIES INC.
2005 PENNSYLVANIA AVENUE, MCDONOUGH, GA 30253

CARTER, TERRY & COMPANY, INC.
3060 PEACHTREE ROAD SUITE 1400, ATLANTA, GA 30305

CAYMUS SECURITIES LLC
3490 PIEDMONT ROAD, SUITE 1040, ATLANTA, GA 30305

CHILDS ADVISORY PARTNERS LLC
10 GLENLAKE PARKWAY SUITE 375, ATLANTA, GA 30328

CHURCH, GREGORY, ADAMS SECURITIES CORPORATION
658 CLAIREMONT AVENUE, DECATUR, GA 30030

COLONY PARK FINANCIAL SERVICES LLC.
4350 GEORGETOWN SQUARE, SUITE 757, DUNWOODY, GA 30338

COMMONWEALTH CHURCH FINANCE, INC.
677 JONESBORO ROAD, MCDONOUGH, GA 30253
Mailing Address: P.O. BOX 1620, STOCKBRIDGE, GA 30281

CROFT & BENDER, LLC
4200 NORTHSIDE PKWY, BUILDING ONE, SUITE 100, ATLANTA, GA 30327

DAVIS, MENDEL & REGENSTEIN, INC.
2100 RIVEREDGE PARKWAY, SUITE 750, ATLANTA, GA 30328-4656

DEMPSEY FINANCIAL NETWORK, INC.
2951 PIEDMONT ROAD NE, SUITE 200, ATLANTA, GA 30305-2786

DEMPSEY LORD SMITH, LLC
901 N BROAD STREET, SUITE 400, ROME, GA 30161

ECLYPSE SECURITIES LLC
3424 PEACHTREE ROAD NE, SUITE 1725, ATLANTA, GA 30326

EDGE CORPORATE FINANCE, LLC
1380 W. PACES FERRY RD., SUITE 1000, ATLANTA, GA 30327
Mailing Address: 1380 W. PACES FERRY RD., SUITE 1000, ATLANTA, GA 30327

EXECUTIVE SERVICES SECURITIES, LLC
3445 PEACHTREE ROAD NE, SUITE 200, ATLANTA, GA 30326-1156

FD CAPITAL ADVISORS BD, LLC
600 PEACHTREE STREET, NE, SUITE 1950, ATLANTA, GA 30308

FIG PARTNERS, LLC
1175 PEACHTREE ST NE, SUITE 2250, ATLANTA, GA 30361

FINTECH SECURITIES
6849 PEACHTREE DUNWOODY ROAD, BLDG. B-1, SUITE 250, ATLANTA, GA 30328

FIRST BEVERAGE ADVISORS, LLC
305 WEST WIEUCA ROAD NE, ATLANTA, GA 30342

FIRST SOUTHERN SECURITIES, LLC.
1091 CAMBRIDGE SQUARE STE. D, ALPHARETTA, GA 30009

FOCUS SECURITIES LLC
3353 PEACHTREE ROAD, NE, SUITE 1160, ATLANTA, GA 30326

FORTRESS GROUP, INC.
3379 PEACHTREE ROAD N.E.-SUITE 272, ATLANTA, GA 30326-1020

FRONTIER SOLUTIONS, LLC
4200 NORTHSIDE PARKWAY, BUILDING 11, SUITE 200, ATLANTA, GA 30327

FSC SECURITIES CORPORATION
2300 WINDY RIDGE PKWY, SUITE 1100, ATLANTA, GA 30339

FT GLOBAL CAPITAL, INC.
1200 ABERNATHY ROAD, BLDG 600, SUITE 1700, ATLANTA, GA 30328

GENESIS CAPITAL, LLC
3414 PEACHTREE ROAD, NE, SUITE 700, ATLANTA, GA 30326

GLOVER CAPITAL, INC.
506 INTERNATIONAL TOWER, 229 PEACHTREE ST N.E., ATLANTA, GA 30303
Mailing Address: 506 INTERNATIONAL TOWER, 229 PEACHTREE ST NE, ATLANTA, GA 30303

GPC SECURITIES, INC.
600 PEACHTREE ST NE, 2ND FL, GA1-006-02-54, ATLANTA, GA 30308
Mailing Address: 101 S TRYON ST, NC1-002-19-44, CHARLOTTE, NC 28255

GS CAPITAL MANAGEMENT, LLC
1100 PEACHTREE ST. NE, SUITE 1480, ATLANTA, GA 30309

H & L EQUITIES, LLC
1175 PEACHTREE ST., N.E., SUITE 2120, ATLANTA, GA 30361-6206

HA&W STRATEGIC PARTNERS, LLC
FIVE CONCOURSE PARKWAY, SUITE 600, ATLANTA, GA 30328

INTELLIVEST SECURITIES, INC.
1540 CHASE COURT, RIVERDALE, GA 30296-2610

INTERNATIONAL FINANCIAL SOLUTIONS, INC.
303 PERIMETER CENTER N. SUITE 300, ATLANTA, GA 30346

INTERNATIONAL FINANCIAL SOLUTIONS, INC.
303 PERIMETER CENTER N. SUITE 300, ATLANTA, GA 30346

JACKSON MCDANIEL FINANCIAL
191 PEACHTREE NE, SUITE 3300, ATLANTA, GA 30303

JACKSON SECURITIES LLC
HERNDON PLAZA, 100 AUBURN AVENUE, ATLANTA, GA 30303-6801

 

JSL SECURITIES, INC.
300 WEST 10TH STREET, WEST POINT, GA 31833
Mailing Address: P.O. BOX 70, WEST POINT, GA 31833

JULIAN LECRAW REALTY ADVISORS, INC.
1575 NORTHSIDE DRIVE N.W., BUILDING 100, SUITE 200, ATLANTA, GA 30318-4208

KALOS CAPITAL, INC.
3780 MANSELL RD, STE. 150, ALPHARETTA, GA 30022
Mailing Address: 3780 MANSELL RD. STE. 150, ALPHARETTA, GA 30022

KURT SALMON CAPITAL ADVISORS, INC.
1355 PEACHTREE ST., SUITE 900, ATLANTA, GA 30309

LAMON & STERN, INC.
1950 NORTH PARK PLACE, STE.100, ATLANTA, GA 30339

LB GROUP LLC
1380 WEST PACES FERRY RD., SUITE 2240, ATLANTA, GA 30327

MAGNER SECURITIES, LLC
3414 PEACHTREE ROAD, NE, SUITE 1020, ATLANTA, GA 30326

MAZZONE & ASSOCIATES, INC.
8 PIEDMONT CENTER, SUITE 510, 3525 PIEDMONT RD., NE, ATLANTA, GA 30305

MENSURA SECURITIES, LLC
3060 PEACHTREE ROAD NW, SUITE 1600, ATLANTA, GA 30305

MIDSOUTH CAPITAL, INC.
1050 CROWN POINTE PARKWAY, SUITE 200, ATLANTA, GA 30338

MOFFAT CAPITAL, LLC
765 NORTH ISLAND DR. NW, ATLANTA, GA 30327-4619

MOODY CAPITAL SOLUTIONS, INC
208 SUMMITRAIL LANE, DAWSONVILLE, GA 30534

MORALES & CO. CAPITAL MARKETS, LLC
7878 STRATFORD LANE, ATLANTA, GA 30350

NORTHPOINT TRADING PARTNERS, LLC
11175 CICERO DRIVE, 200 MILTON PARK, SUITE 575, ALPHARETTA, GA 30022

PACES BATTLE GROUP, INC.
4414 PACES BATTLE, ATLANTA, GA 30327

PEACHTREE CAPITAL CORPORATION
3060 PEACHTREE ROAD N.W., ONE BUCKHEAD PLAZA SUITE 1830, ATLANTA, GA 30305

PEAK BROKERAGE SERVICES, LLC
597 WEST CROSSVILLE RD, SUITE 200, ROSWELL, GA 30075

PFS INVESTMENTS INC.
3120 BRECKINRIDGE BLVD, BLDG 700, DULUTH, GA 30099-0001

PPA INVESTMENTS, INC.
500 COLONIAL CENTER PARKWAY, SUITE 600, ROSWELL, GA 30076

PREMIER SECURITIES OF AMERICA, INC.
4411 SUWANEE DAM ROAD, SUITE 710, SUWANEE, GA 30024

REDROCK TRADING PARTNERS, LLC
2605 WALTON WAY, AUGUSTA, GA 30904

REGISTER FINANCIAL ASSOCIATES, INC.
3500 LENOX ROAD, SUITE 1700, ATLANTA, GA 30326

RESORT SECURITIES AND INVESTMENTS, INC.
11030 JONES BRIDGE ROAD, SUITE 300, ALPHARETTA, GA 30022

RESOURCE HORIZONS GROUP LLC
1350 CHURCH ST EXT, THIRD FLOOR, MARIETTA, GA 30060
Mailing Address: 1350 CHURCH ST. EXT, THIRD FLOOR, MARIETTA, GA 30060

SAGE SOUTHEASTERN SECURITIES, INC.
1100 ABERNATHY ROAD, 500 NORTHPARK, SUITE 400, ATLANTA, GA 30328

SECURITY CAPITAL BROKERAGE, INC.
260 PEACHTREE STREET, SUITE 2200, ATLANTA, GA 30303

SEQUOIA INVESTMENTS, INC.
3301 CHIMNEY LANE, N.E., ROSWELL, GA 30075

SMITH, BROWN & GROOVER, INC.
4001 VINEVILLE AVENUE, MACON, GA 31210-5039

SOUTHEASTERN ADVISORY GROUP, INC.
TWELVE PIEDMONT CENTER STE 202, ATLANTA, GA 30305-1737

SOUTHEASTERN CAPITAL PARTNERS BD, INC.
3251 LEMONS RIDGE DR., ATLANTA, GA 30339

STATESIDE SECURITIES, LLC
3560 LENOX ROAD, SUITE 2800, ATLANTA, GA 30326-4276

STREETCAPITAL, INC
200 MANSELL COURT EAST, STE430, ROSWELL, GA 30076
Mailing Address: 200 MANSELL COURT EAST, STE 430, ROSWELL, GA 30076

SUNTRUST INVESTMENT SERVICES, INC.
303 PEACHTREE CENTER AVE, SUITE 140, ATLANTA, GA 30303

SUNTRUST ROBINSON HUMPHREY, INC.
303 PEACHTREE STREET NE, SUITE 2300, ATLANTA, GA 30308

SYNOVUS SECURITIES, INC.
1137 FIRST AVENUE - 2ND FLOOR, COLUMBUS, GA 31901
Mailing Address: P.O. BOX 2628, COLUMBUS, GA 31902-2628

TAYLOR CAPITAL MANAGEMENT INC.
2230 TOWNE LAKE PKWY, BLDG 800-STE 130, WOODSTOCK, GA 30189

TERMINUS SECURITIES, LLC
3715 NORTHSIDE PKWY NW, SUITE 4-220, ATLANTA, GA 30327

THE STRATEGIC FINANCIAL ALLIANCE, INC.
2200 CENTURY PARKWAY, SUITE 500, ATLANTA, GA 30345
Mailing Address: 2200 CENTURY PARKWAY, SUITE 500, ATLANTA, GA 30345

TLG LENOX, LLC
3384 PEACHTREE ROAD NE, SUITE 300, ATLANTA, GA 30326

TRESTLE POINT, LLC
1861 AMERICAN WALK, SUITE 1660, LAWRENCEVILLE, GA 30043

TRIAD ADVISORS, INC.
5185 PEACHTREE PARKWAY, SUITE 280, NORCROSS, GA 30092

VISIONQUEST SECURITIES, LLC.
5205 CAMDEN LAKE PARKWAY, ACWORTH, GA 30101

VRA PARTNERS, LLC
3630 PEACHTREE ROAD, SUITE 1000, ATLANTA, GA 30326

WALNUT CREEK CAPITAL ADVISORS, LLC
616 ELLIOTT ROAD, MCDONOUGH, GA 30252

WELLS INVESTMENT SECURITIES,INC.
6200 THE CORNERS PARKWAY, SUITE 250, NORCROSS, GA 30092

WOODSTOCK FINANCIAL GROUP, INC.
117 TOWNE LAKE PARKWAY, WOODSTOCK, GA 30188
Mailing Address: 117 TOWNE LAKE PARKWAY, SUITE 200, WOODSTOCK, GA 30188

WORLD GROUP SECURITIES, INC.
11315 JOHNS CREEK PARKWAY, DULUTH, GA 30097-1517

YIELDQUEST SECURITIES, LLC
3280 PEACHTREE ROAD, SUITE 2600, ATLANTA, GA 30305

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in one South Carolina city, Columbia.

The Securities Fraud Lawyers at Greco & Greco, P.C. regularly represent residents from the mid-Atlantic, including South Carolina, in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of South Carolina including Charleston, Columbia, Mount Pleasant, Rock Hill, Greenville, Summerville, Goose Creek, Hilton Head, Sumter, Florence, Spartanburg, and Myrtle Beach.

The South Carolina Attorney General''s Office, Division of Securities, in Columbia, South Carolina, regulates the sales of securities in the state of South Carolina. Its website [ http://www.scag.gov/scsecurities] provides information on state securities Statutes and Rules, and information on how to file a complaint.

South Carolina's Securities Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney's fees, and interest.

Common Legal Claims by investors against their financial advisors in South Carolina are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

South Carolina Code Section 35-1-509. Civil liability.

(a) Enforcement of civil liability under this section is subject to the Securities Litigation Uniform Standards Act of 1998.

(b) A person is liable to the purchaser if the person sells a security in violation of Sections 35-1-301 or 35-1-501 or, by means of an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading, the purchaser not knowing the untruth or omission and the seller not sustaining the burden of proof that the seller did not know and, in the exercise of reasonable care, could not have known of the untruth or omission. An action under this subsection is governed by the following:

(1) The purchaser may maintain an action to recover the consideration paid for the security, less the amount of any income received on the security, and interest at the legal rate of interest from the date of the purchase, costs, and reasonable attorneys' fees determined by the court, upon the tender of the security, or for actual damages as provided in paragraph (3).

(2) The tender referred to in paragraph (1) may be made any time before entry of judgment. Tender requires only notice in a record of ownership of the security and willingness to exchange the security for the amount specified. A purchaser that no longer owns the security may recover actual damages as provided in paragraph (3).

(3) Actual damages in an action arising under this subsection are the amount that would be recoverable upon a tender less the value of the security when the purchaser disposed of it, and interest at the legal rate of interest from the date of the purchase, costs, and reasonable attorneys' fees determined by the court.

(c) A person is liable to the seller if the person buys a security in violation of Section 35-1-501 or by means of an untrue statement of a material fact or omission to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading, the seller not knowing of the untruth or omission, and the purchaser not sustaining the burden of proof that the purchaser did not know, and in the exercise of reasonable care, could not have known of the untruth or omission. An action under this subsection is governed by the following:

(1) The seller may maintain an action to recover the security, and any income received on the security, costs, and reasonable attorneys' fees determined by the court, upon the tender of the purchase price, or for actual damages as provided in paragraph (3).

(2) The tender referred to in paragraph (1) may be made any time before entry of judgment. Tender requires only notice in a record of the present ability to pay the amount tendered and willingness to take delivery of the security for the amount specified. If the purchaser no longer owns the security, the seller may recover actual damages as provided in paragraph (3).

(3) Actual damages in an action arising under this subsection are the difference between the price at which the security was sold and the value the security would have had at the time of the sale in the absence of the purchaser's conduct causing liability, and interest at the legal rate of interest from the date of the sale of the security, costs, and reasonable attorneys' fees determined by the court.

(d) A person acting as a broker-dealer or agent that sells or buys a security in violation of Section 35-1-401(a), 35-1-402(a), or 35-1-506 is liable to the customer. The customer, if a purchaser, may maintain an action for recovery of actual damages as specified in subsections (b)(1) through (3), or, if a seller, for a remedy as specified in subsections (c)(1) through (3).

(e) A person acting as an investment adviser or investment adviser representative that provides investment advice regarding securities for compensation in violation of Section 35-1-403(a), 35-1-404(a), or 35-1-506 is liable to the client. The client may maintain an action to recover the consideration paid for the advice, interest at the legal rate of interest from the date of payment, costs, and reasonable attorneys' fees determined by the court.

(f) A person that receives directly or indirectly any consideration for providing investment advice regarding securities to another person and that employs a device, scheme, or artifice to defraud the other person or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit on the other person, is liable to the other person. An action under this subsection is governed by the following:

(1) The person defrauded may maintain an action to recover the consideration paid for the advice and the amount of any actual damages caused by the fraudulent conduct, interest at the legal rate of interest from the date of the fraudulent conduct, costs, and reasonable attorneys' fees determined by the court, less the amount of any income received as a result of the fraudulent conduct.

(2) This subsection does not apply to a broker-dealer or its agents if the investment advice regarding securities that is provided is solely incidental to transacting business as a broker-dealer and no special compensation is received for the investment advice regarding securities.

(g) The following persons are liable jointly and severally with and to the same extent as persons liable under subsections (b) through (f):

(1) a person that directly or indirectly controls a person liable under subsections (b) through (f), unless the controlling person sustains the burden of proof that the person did not know, and in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist;

(2) an individual who is a managing partner, executive officer, or director of a person liable under subsections (b) through (f), including an individual having a similar status or performing similar functions, unless the individual sustains the burden of proof that the individual did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist;

(3) an individual who is an employee, or a person occupying a similar status or performing a similar function, of a person liable under subsections (b) through (f) and who materially aids the conduct giving rise to the liability, unless the individual sustains the burden of proof that the individual did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist; and

(4) a person that is a broker-dealer, agent, investment adviser, or investment adviser representative that materially aids the conduct giving rise to the liability under subsections (b) through (f), unless the person sustains the burden of proof that the person did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which liability is alleged to exist.

(5) a person who, with actual knowledge that a person is committing acts sufficient to violate Sections 35-1-501 and 35-1-502, nonetheless intentionally furthers the violation with actual awareness that the person is rendering substantial assistance to the person committing the violation of Sections 35-1-501 and 35-1-502, thereby becomes an aider and abettor of the violation, and is therefore jointly and severally liable with and to the same extent as the assisted person who engaged in the fraudulent activity, provided, however, this subsection (5) does not require any due diligence investigation nor impose liability for failure to perform any due diligence investigation otherwise required.

(h) A person liable under this section has a right of contribution as in cases of contract against any other person liable under this section for the same conduct.

(i) A cause of action under this section survives the death of an individual who might have been a plaintiff or defendant.

(j) A person may not obtain relief:

(1) under subsection (b) for violation of Section 35-1-301, or under subsection (d) or (e), unless the action is instituted within three years after the violation occurred; or

(2) under subsection (b), other than for violation of Section 35-1-301, or under subsection (c) or (f), unless the action is instituted within the earlier of three years after discovery of the facts constituting the violation or five years after the violation.

(k) A person that has made, or has engaged in the performance of, a contract in violation of this chapter or a rule adopted or order issued under this chapter, or that has acquired a purported right under the contract with knowledge of conduct by reason of which its making or performance was in violation of this chapter, may not base an action on the contract.

(l) A condition, stipulation, or provision including, but not limited to, any choice of law provision directly or indirectly binding a person purchasing or selling a security or receiving investment advice regarding securities to waive compliance with this chapter or a rule adopted or order issued under this chapter is void.

(m) The rights and remedies provided by this chapter are in addition to any other rights or remedies that may exist, but this chapter does not create a cause of action not specified in this section or Section 35-1-411(e).

FINRA securities brokerage firms with their main offices in South Carolina:

1792 SECURITIES, LLC
299 E GREENVILLE ST, ANDERSON, SC 29621

AUTOMATED TRADING DESK BROKERAGE SERVICES, LLC
11 EWALL STREET, MT. PLEASANT, SC 29464

AUTOMATED TRADING DESK FINANCIAL SERVICES, LLC
11 EWALL STREET, MT. PLEASANT, SC 29464

CAROLINA MUNICIPAL SECURITIES, INC.
2228 WHEAT STREET, COLUMBIA, SC 29205

DUNES SECURITIES CORPORATION
6 QUEENS FOLLY ROAD, HILTON HEAD ISLAND, SC 29928
Mailing Address: P.O. BOX 21326, HILTON HEAD ISLAND, SC 29925

DUNES SECURITIES CORPORATION
6 QUEENS FOLLY ROAD, HILTON HEAD ISLAND, SC 29928
Mailing Address: P.O. BOX 21326, HILTON HEAD ISLAND, SC 29925

ELLIOTT DAVIS BROKERAGE SERVICES, LLC
124 VERDAE BLVD, SUITE 504, GREENVILLE, SC 29607

FIRST CITIZENS SECURITIES CORPORATION
1230 MAIN STREET, COLUMBIA, SC 29201

FIRST SOUTH CAROLINA SECURITIES, INC.
6300 ST. ANDREWS ROAD, SUITE B, COLUMBIA, SC 29212
Mailing Address: P.O. BOX 21969, COLUMBIA, SC 29221

FIRST SOUTHEAST INVESTOR SERVICES, INC.
2430 MALL DRIVE, SUITE 200, CHARLESTON, SC 29406
Mailing Address: 2440 MALL DRIVE, CHARLESTON, SC 29406

FREIMARK BLAIR & COMPANY, INC.
ONE PARK WAY, 3RD FLOOR, UPPER SADDLE RIVER, NJ 07458
Mailing Address: ONE RICE BLUFF ROAD, PAWLEY'S ISLAND, SC 29585

HARBOR LIGHT SECURITIES, LLC
501 W. BUTLER ROAD, GREENVILLE, SC 29607
Mailing Address: 201-B W. BUTLER ROAD, #166, MAULDIN, SC 29662

HARBOR LIGHT SECURITIES, LLC
501 W. BUTLER ROAD, GREENVILLE, SC 29607
Mailing Address: 201-B W. BUTLER ROAD, #166, MAULDIN, SC 29662

JK SECURITIES, INC.
39 WATROO POINT, CHARLESTON, SC 29492

PALMETTO ADVISORY GROUP
210 YELLOWTHROAT LANE, KIAWAH ISLAND, SC 29455

SANDLAPPER SECURITIES, LLC
101 N. MAIN ST., SUITE 207, GREENVILLE, SC 29601

SFA FINANCIAL, LLC
750 EXECUTIVE CTR., STE. 102 B-32, GREENVILLE, SC 29615

V. M. MANNING & CO., INC.
211 E WASHINGTON ST SUITE B, GREENVILLE, SC 29601-2835
Mailing Address: P.O. BOX 10389, GREENVILLE, SC 29603

WATERMARK ADVISORS, LLC
531 SOUTH MAIN STREET, SUITE ML-9, GREENVILLE, SC 29601
Mailing Address: P.O. BOX 1963, GREENVILLE, SC 29602

WRSEQUENCE, LLC
40 CALHOUN STREET, SUITE 330, CHARLESTON, SC 29401

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA's Dispute Resolution system. FINRA Arbitration holds arbitration hearings in Jackson, Mississippi.

The Securities Fraud Lawyers at Greco & Greco, P.C. represent residents from Mississippi in disputes with their financial advisors and securities salespersons, involving claims of suitability, violations of FINRA Rules, negligence, fraud, misrepresentation, ponzi schemes, breach of fiduciary duty, professional malpractice, and other claims.  Please contact Scott Greco for a free attorney consultation about your case.  We serve clients from all areas of Mississippi including Jackson, Gulfport, Southaven, Biloxi, Hattiesburg, Olive Branch, Tupelo, Meridian, Greenville, and Oxford.

The Securities and Charities Division of the Office of the Mississippi Secretary of State in Jackson, Mississippi regulates the sales of securities in the state of Mississippi. Its website [ http://www.scag.gov/scsecurities] provides information on state securities Statutes and Rules, and other securities resources.

Mississippi's Securities Act is similar to many states' Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact). The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney's fees, and interest.

Common Legal Claims by investors against their financial advisors in Mississippi are:

A. Suitability. Prior to recommending the purchase of specific investments or a specific investment strategy to a customer, a stock broker is required to determine that the investments are suitable to that particular investor. A suitability determination is based upon many different factors such as age, investment objectives, risk tolerance, employment situation, needs, income, assets, and investment experience. If an advisor’s recommendations of unsuitable investments result in the investor incurring significant losses, that investor may have a suitability claim against the broker and his/her firm.

B. Churning. Churning occurs when a broker exercises control over an account and allows the broker's interest in making commissions to override the investor's interests in the account. When a broker makes a buy or sell recommendation for an account, that broker should have the investor's best interests based on their investment objectives in mind. If the broker makes excessive buy and sell recommendations for the purposes of generating commissions for the broker by each buy and sell, that broker is engaged in churning the account. Excessive turnover in the assets of the account and/or a high cost to equity percentage are often a sign of churning.

C. Unauthorized Trading. Generally, an investor can have two kinds of an account, non-discretionary and discretionary. In a typical non-discretionary account, the broker must consult with and obtain the consent of the customer prior to making a trade in the account. Unauthorized trading occurs when a broker makes trades in a non-discretionary account without the consent of the customer.

D. Securities Fraud. Most of the claims in this list are subsets of securities fraud which is employing a device, scheme, or artifice to defraud, or obtaining money by means of untrue statements of material facts and failure to state material facts in violation of state blue sky / securities laws or federal law (Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5). If a broker makes false statements to an investor or fails to advise the investor of certain important facts, the investor may be able to recover losses incurred resulting from this fraud.

E. Margin Disputes. Margin trading involves borrowing money from the brokerage firm to purchase securities greater in value than the equity in an investor's account. Due to the risky nature of trading on the margin, disputes with brokers often arise as a result of significant losses. If a broker trades on the margin without the knowledge or consent of the investor, the investor may be able to recover the losses resulting from the fraud.

F. Ponzi Scheme Investment Scams. Ponzi schemes generally involve promises of high returns by salespersons over short periods of time, but in reality result in stealing from Peter to pay Paul. Because returns to investors in ponzi schemes are often paid out of new investment monies from new investors, the scheme will ultimately fall apart when the new investors dry up, leaving all investors often holding a worthless investment. Financial Advisors and their brokerage firms who sell ponzi scheme fraudulent investments may be found liable for selling unsuitable investments, securities fraud, sale of unregistered securities, failure to supervise, and other legal violations.

G. Failure to Supervise Broker. FINRA firms have a duty to supervise their registered brokers, and their failure to do so may form the basis of various legal claims against them. FINRA Rule 3110 states: Each member shall establish and maintain a system to supervise the activities of each registered representative, registered principal, and other associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA Rules. Final responsibility for proper supervision shall rest with the member.

Examples of legal grounds for liability of Broker-Dealers in these situations include:

a) under tort and agency law, principals can be found liable for the acts of their agents even if they are entirely innocent and have received no benefit from the transaction;

b) a broker's Broker-Dealer can also be found liable as a control person of that broker under state and federal securities laws; and

c) claims can be pursued in arbitration based on violations of FINRA rules including Rules related to supervision, suitability, and outside business activities.

Obviously, this list is by no means comprehensive and all of the legal requirements of the above claims stated are not completely set out. This web site is not intended to give legal advice or create an attorney-client relationship. Please contact our securities lawyers for a free consultation if you believe your financial advisor broker may be liable under one of the above claims, or for other wrongful conduct.

Mississippi Code § 75-71-509. Civil liability.

(a)  Securities Litigation Uniform Standards Act. Enforcement of civil liability under this section is subject to the Securities Litigation Uniform Standards Act of 1998.
(b) Liability of seller to purchaser. A person is liable to the purchaser if the person sells a security in violation of Section 75-71-301 or, by means of an untrue statement of a material fact or an omission to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading, the purchaser not knowing the untruth or omission and the seller not sustaining the burden of proof that the seller did not know and, in the exercise of reasonable care, could not have known of the untruth or omission. An action under this subsection is governed by the following:
(1) The purchaser may maintain an action to recover the consideration paid for the security, less the amount of any income received on the security, and interest at the legal rate of interest from the date of the purchase, costs, and reasonable attorney's fees determined by the court, upon the tender of the security, or for actual damages as provided in paragraph (3).
(2) The tender referred to in paragraph (1) may be made any time before entry of judgment. Tender requires only notice in a record of ownership of the security and willingness to exchange the security for the amount specified. A purchaser that no longer owns the security may recover actual damages as provided in paragraph (3).
(3) Actual damages in an action arising under this subsection (b) are the amount that would be recoverable upon a tender less the value of the security when the purchaser disposed of it, and interest at the legal rate of interest from the date of the purchase, costs, and reasonable attorney's fees determined by the court.
(c)  Liability of purchaser to seller. A person is liable to the seller if the person buys a security by means of an untrue statement of a material fact or omission to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading, the seller not knowing of the untruth or omission, and the purchaser not sustaining the burden of proof that the
purchaser did not know, and in the exercise of reasonable care, could not have known of the untruth or omission. An action under this subsection is governed by the following:
(1) The seller may maintain an action to recover the security, and any income received on the security, costs, and reasonable attorney's fees determined by the court, upon the tender of the purchase price, or for actual damages as provided in paragraph (3).
(2) The tender referred to in paragraph (1) may be made any time before entry of judgment. Tender requires only notice in a record of the present ability to pay the amount tendered and willingness to take delivery of the security for the amount specified. If the purchaser no longer owns the security, the seller may recover actual damages as provided in paragraph (3).
(3) Actual damages in an action arising under this subsection (c) are the difference between the price at which the security was sold and the value the security would have had at the time of the sale in the absence of the purchaser's conduct causing liability, and interest at the legal rate of interest from the date of the sale of the security, costs and reasonable attorney's fees determined by the court.
(d) Liability of unregistered broker-dealer and agent. A person acting as a broker-dealer or agent that sells or buys a security in violation of Section 75-71-401(a), 75-71-402(a), or Section 75-71-506 is liable to the customer. The customer, if a purchaser, may maintain an action for recovery of actual damages as specified in subsection (b)(1) through (3), or, if a seller, for a remedy as specified in subsection (c)(1)
through (3).
(e)  Liability of unregistered investment adviser and investment adviser representative. A person acting as an investment adviser or investment adviser representative that provides investment advice for compensation in violation of Section 75-71-403(a), Section 75-71-404(a), or Section 75-71-506 is liable to the client. The client may maintain an action to recover the consideration paid for the advice, interest at
the legal rate of interest from the date of payment, costs, and reasonable attorney's fees determined by the court.
(f)  Liability for investment advice. A person that receives directly or indirectly any  consideration for providing investment advice to another person and that employs a device, scheme, or artifice to defraud the other person or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit on the other person, is liable to the other person. An action under this subsection is governed by the following:
(f)  Liability for investment advice. A person that receives directly or indirectly any  consideration for providing investment advice to another person and that employs a device, scheme, or artifice to defraud the other person or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit on the other person, is liable to the other person. An action under this subsection is governed by the following:
(1) The person defrauded may maintain an action to recover the consideration paid for the advice and the amount of any actual damages caused by the fraudulent conduct, interest at the legal rate of interest from the date of the fraudulent conduct, costs, and reasonable attorney's fees determined by the court, less the amount of any income received as a result of the fraudulent conduct.
(2) This subsection (f) does not apply to a broker-dealer or its agents if the investment advice provided is solely incidental to transacting business as a broker-dealer and no special compensation is received for the investment advice.
(g) Joint and several liability. The following persons are liable jointly and severally with and to the same extent as persons liable under subsections (b) through (f):
(1) A person that directly or indirectly controls a person liable under subsections (b) through (f), unless the controlling person sustains the burden of proof that the person did not know, and in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist;
(2) An individual who is a managing partner, executive officer, or director of a person liable under subsections (b) through (f), including an individual having a similar status or performing similar functions, unless the individual sustains the burden of proof that the individual did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist;
(3) An individual who is an employee of or associated with a person liable under subsections (b) through (f) and who materially aids the conduct giving rise to the liability, unless the individual sustains the burden of proof that the individual did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which the liability is alleged to exist; and
(4) A person that is a broker-dealer, agent, investment adviser, or investment adviser representative that materially aids the conduct giving rise to the liability under subsections (b) through (f), unless the person sustains the burden of proof that the person did not know and, in the exercise of reasonable care could not have known, of the existence of conduct by reason of which liability is alleged to exist.
(h) Right of contribution. A person liable under this section has a right of contribution as in cases of contract against any other person liable under this section for the same conduct.
(i)  Survival of cause of action. A cause of action under this section survives the death of an individual who might have been a plaintiff or defendant.
(j)  Statute of limitations. A person may not obtain relief:
(1) Under subsection (b) for violation of Section 75-71-301, or under subsection (d) or (e), unless the action is instituted within one (1) year after the violation occurred; or
(2) Under subsection (b), other than for violation of Section 75-71-301, or under subsection (c) or (f), unless the action is instituted within the earlier of two (2) years after discovery of the facts constituting the violation or five (5) years after the violation.
(k) No enforcement of violative contract. A person that has made, or has engaged in the performance of, a contract in violation of this chapter or a rule adopted or order issued under this chapter, or that has acquired a purported right under the contract with knowledge of conduct by reason of which its making or performance was in violation of this chapter, may not base an action on the contract.
(l)  No contractual waiver. A condition, stipulation, or provision binding a person purchasing or selling a security or receiving investment advice to waive compliance with this chapter or a rule adopted or order issued under this chapter is void.
(m) Survival of other rights or remedies. The rights and remedies provided by this chapter are in addition to any other rights or remedies that may exist, but this chapter does not create a cause of action not specified in this section or Section 75-71-411(e).

FINRA securities brokerage firms with their main offices in Mississippi:

BALLEW INVESTMENTS, INC.
4800 I-55 NORTH, SUITE 21, JACKSON, MS 39211
Mailing Address: P.O. BOX 14888, JACKSON, MS 39236-4888

BANCORPSOUTH INVESTMENT SERVICES, INC.
525 EAST CAPITOL STREET, JACKSON, MS 39201

COKER & PALMER
1667 LELIA DRIVE, JACKSON, MS 39216

RIVES, LEAVELL & CO.
1430 LELIA DRIVE, JACKSON, MS 39216
Mailing Address: P. O. BOX 4900, JACKSON, MS 39296