BOCA RATON, Fla. (PRWEB) March 26, 2018
On March 19, 2018, The Law Office of Robert H. Rex, P.C. filed FINRA Case #18-1047 on behalf of an 81 year old widow from Terre Haute, Indiana, who alleges that Parkland Securities (formerly Sammons Securities) stock broker Steven Eugene Love failed to follow her instructions to invest her retirement funds in safe, suitable investments.
The FINRA arbitration alleges that Parkland Securities failed to supervise Love and allowed him to invest a large percentage of our client's retirement funds in high commission, illiquid, risky and non-publicly traded real estate investment trusts (REITs) and other alternative investments.
The arbitration claim seeks damages of $100,000-$500,000.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA arbitration is a method of dispute resolution that is generally much quicker and less costly than court litigation.
The Law Office of Robert H. Rex, P.C. has offices in Austin, TX and Boca Raton, FL and represents investors seeking recovery of losses due to the negligence or fraud of investment professionals nationwide.
Robert H. Rex, Esq. 561 391 1900