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Posts tagged Dallas securities attorney

Recovery of Tejas Eagle Financial Investment Losses

Have you lost money in Tejas Eagle Financial, LLC?  If so, the securities attorneys of The White Law Group may be able to help.

According to a report in the Courthouse News, Delsa Thomas, a financial advisor formerly with Morgan Stanley Smith Barney, allegedly recommended that investors invest in Tejas Eagle Financial, LLC while she was employed by Morgan Stanley Smith Barney.  Several of her clients are now claiming in a lawsuit that Thomas took advantage of the trust she had built ….and proposed that each invest into …. Tejas Eagle Financial LLC.  These clients further allege that Tejas Eagle Financial is nothing more than a ponzi scheme.

The White Law Group is currently investigating the potential liability that Morgan Stanley Smith Barney may have for failure to properly supervise Delsa Thomas and to uncover this alleged ponzi scheme.  Brokerage firms have a responsibility to supervise their financial advisors and to ensure that their agents are complying with the applicable securities laws when recommending investments to clients.  To the extent that it can be demonstrated that Morgan Stanley Smith Barney failed to adequately supervise Thomas, the firm may be liable for any losses that occurred as a result of her actions.

According to Delsa Ulrica Thomas’ FINRA Broker Report (CRD), she was employed by Morgan Stanley Smith Barney from June 2009 through February 2011 in the firms Dallas, Texas office.  Her CRD further indicates that prior to working for Morgan Stanley Smith Barney, Delsa Thomas had worked for Citigroup Global Markets from August 2006 through June 2009.

To discuss your recovery options with a securities attorney, please call The White Law Group at 312/238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.

www.whitesecuritieslaw.com .

Securities Regulatory Information Regarding H.D. Vest

The following is a brief breakdown of publicly available information regarding H.D. Vest and its securities sales practices and FINRA regulatory history.

H.D. Vest is a FINRA registered broker-dealer based in Irving, Texas.  H.D. Vest’s website states that the firm offers financial planning to more than three million individuals and small businesses throughout the United States.

Although H.D. Vest has a solid reputation in the securities industry, investors should know that the firm does have numerous reportable events on its FINRA Broker Report (or CRD).

According to the firm’s CRD, H.D. Vest has been named in at least 10 regulatory events related to possible securities fraud violations.  The firm has been the subject of investigations conducted by FINRA, the State of Vermont, the Commonwealth of Pennsylvania, and Securities and Exchange Commission (among others).  These regulatory investigations involved the following investment products (among others): mutual funds, annuities, index options, and charitable gift annuities.

The firm has also been named in at least 4 FINRA arbitration claims filed by investors.  These claims involved various investment types and causes of action.

brokercheck.finra.org .

If you have any questions about investments you made with H.D. Vest, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help.  To contact the firm, please call 312/238-9650 or 561/807-6804.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

www.whitesecuritieslaw.com .