Last Updated: May 2025 – Palm Beach Gardens, FL
Here’s what you need to know about Palm Beach Gardens, FL stockbroker Anthony Thomas Pace:
- Name: Mr. Anthony Thomas Pace
- Current Employer: LRI Investments (RIA), M Holdings Securities, Inc.
- DBA: Lindberg & Ripple, SP Investments Squared
- Prior Employers: Hartford Equity Sales Company Inc., Linsco/Private Ledger Corp., 1717 Capital Management, CIGNA Financial Advisors, Harvest Capital Advisors
- Function: Stockbroker / Financial Advisor
- Aliases: Anthony T. Pace
- Primary Location: Palm Beach Gardens, FL
- CRD Number: 2115209
- Can Anthony Pace be sued in FINRA arbitration? Yes
- Highest Settlement or Award: $83,799
If you’ve sustained damages from Mr. Pace, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Anthony Pace As Your Stockbroker?
A customer dispute filed on June 12, 2024, alleged that Anthony Pace, while registered with M Holdings Securities, gave incorrect advice regarding Required Minimum Distributions (RMDs). The client, who was a 5% business owner, was incorrectly advised that they did not need to take RMDs from 2016 through 2022. The matter was settled for $83,799, with Mr. Pace personally contributing $25,000.
In a prior complaint in 2008, a customer of M Holdings Securities alleged that Mr. Pace failed to advise a shift to conservative investments prior to the financial downturn. That matter settled for $13,996, which Mr. Pace paid in full.
These disputes may raise issues under FINRA Rule 2111 (Suitability) and FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade), which require brokers to make recommendations aligned with a client’s investment profile and to conduct business ethically.
In 2023 Florida securities regulators issued a cease and desist and assessed a civil penalty of $60,000 to resolve allegations that Pace rendered investment advice from a location in Florida without being registered with the Florida Office of Financial Regulation.
Allegations of Broker Misconduct Against Anthony Pace
Clients of Anthony Pace have made the following allegations:
- Incorrect Retirement Distribution Advice:
- Date Filed: June 12, 2024
- Firm: M Holdings Securities, Inc.
- Allegations: Incorrect advice regarding RMDs from 2016 to 2022
- Product Type: 401(k)
- Alleged Damages: $83,799
- Settlement: $83,799 (Mr. Pace contributed $25,000)
- Failure to Recommend Conservative Investments (2008):
- Date Filed: December 18, 2008
- Firm: M Holdings Securities, Inc.
- Allegations: Failure to shift to conservative allocation before market decline
- Product Type: Mutual Funds
- Alleged Damages: $13,997
- Settlement: $13,996.87 (Mr. Pace contributed full amount)
- Unsuitable Variable Annuity Subaccount Allocation (2004):
- Date Filed: April 8, 2004
- Firm: Linsco/Private Ledger Corp.
- Allegations: Variable annuity subaccounts were too aggressive for income-seeking client
- Alleged Damages: $800,000
- Settlement: $55,000 (no individual contribution)
Regulatory Action by the State of Florida
- Agency: Florida Office of Financial Regulation
- Docket No.: 117414-SR
- Initiated: October 9, 2023
- Violation: Rendered investment advice from Florida location without proper registration
- Sanction: Cease and desist order; $60,000 fine paid by Mr. Pace
- Status: Final Order
This regulatory action indicates a violation of Florida Statutes Chapter 517.12(4), though no finding of fraud was made. Mr. Pace acknowledged the registration error and corrected his status.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Anthony Thomas Pace, contact us for a complimentary consultation with an experienced 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.