Last Updated: October 2023 (Houston, Texas )
Amanda Ton Investigation Summary
Here’s what you need to know about Houston, TX, stockbroker Amanda Ton:
- Name: Amanda Nu Ton
- Current Employer: USCA Securities, U.S. Capital Wealth Advisors (RIA)
- Previous Firms: J.P. Morgan Securities, Chase Investment Services
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Amanda Phuonglan Nu Ton, Amanda Phuonglanna Ton
- Primary Location: Houston, Texas
- CRD 1532181
- Can Amanda Ton be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Highest Settlement : $14.999
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Amanda Ton As Your Stockbroker?
A customer of USCA Securities was paid $14,999 in 12/2020 to resolve allegations that Amanda Ton was negligent and breached securities industry rules and regulations when she recommended an oil and gas private placement.
In 12/2019 another customer of USCA Securities complained that two oil and gas private placements recommended by Amanda Ton were not suitable. The customer had invested $450,000 in the investments. The firm “denied” the complaint and apparently the customer did not pursue the matter further. See below for our comment on “denied” customer complaints.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Amanda Ton
Customers of Amanda Ton have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in oil and gas private placements
- Negligence
- Breach of fiduciary duty
- Breach of contract
- Breach of securities industry rules and regulations
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
They seldom, if ever, offer any resolution or if they do, will attempt to have you resolve your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Amanda Ton, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.