Last Updated: September 2023 (The Woodlands, TX)
Bison Investment Advisors Investigation Summary
Here’s what you need to know about The Woodlands, Texas, registered investment adviser Bison Investment Advisors:
- Name: Bison Investment Advisors LLC
- President / Chief Investment Officer: Mark Tidwell CRD #2612587
- Function: Registered Investment Adviser
- Primary Location: The Woodlands, Texas
- CRD #149775
- Can Bison Investment Advisors be sued in FINRA arbitration? It depends on the investment management agreement between the customer and the company. Oftentimes these cases must be brought in court or with other alternative dispute resolution organizations such as the American Arbitration Association.
- Sanctioned by Securities Regulators? Yes, Texas State Securities Board
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bison Investment Advisors As Your Registered Investment Adviser?
In a September 7, 2023, Disciplinary Order [PDF], The Texas State Securities Board (TSSB) assessed a fine of $20,000 against Bison Investment Advisors and ordered that the company pay restitution of $22,994 to clients who suffered damages as a result of investing in NAIL, a triple leveraged exchange traded fund (ETF).
The TSSB found that in connection with investments in NAIL, Bison Investment Advisors used a buy and hold strategy, in some instances, for periods of more than 750 days. The TSSB found that such a strategy on such a volatile investment intended to be held for short periods, constituted a failure to enforce the firm’s supervisory system and a violation of Section 116.10 of the Rules and Regulations of the TSSB Rules.
According to the TSSB website: “The State Securities Board was created pursuant to The Securities Act. The Act provides for the registration of securities, registration of firms and individuals who sell securities or render investment advice, examination of registered firms, and enforcement of the Act through administrative, civil, and criminal actions. The Securities Commissioner is charged with the administration of the provisions of the Act. Travis J. Iles was appointed the Securities Commissioner in 2017.”
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bison Investment Advisors, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages.
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.
