April 2017-Colleyville, Texas
The FINRA records of Michelle Diane Drake , a stockbroker who is currently registered with Prospera Financial Services disclose a termination from employment.
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.
Drake was discharged by Rhodes Securities 4/28/2015. Rhodes Securities made the following allegations on Drake’s FINRA record in connection with the discharge: “Failed to report a trade to home office when allocation was not received from Chris Anthony at 2:30pm. Failure to adhere to the supervision of (third party’s) heightened supervision, allowing trades to be placed in accounts outside of what the investment objectives stated for the clients account.”
Chris Anthony was discharged by Rhodes Securities on 4/28/2015 also. Anthony is currently named in a $2 million FINRA arbitration. See this for details.
Drake was employed by Rhodes Securities from 8/2009-4/2015. She is currently registered with Prospera Financial Services in Colleyville, TX.
If you have losses in an account in an account handled by Michelle D. Drake contact us to discuss how you may be able to recover damages for those losses.
Rhodes Securities is headquartered in Ft. Worth, Texas, and has been a FINRA member since 1987. The company is registered to transact securities business in all fifty states and the District of Columbia.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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