Last Updated: November 2023 (Woodstock, GA)
Preston Spears Investigation Summary
Here’s what you need to know about Woodstock, GA, stockbroker Preston Spears:
- Name: Mr. Preston Aubrey Spears
- Current Employer: World Equity Group
- DBA: Triumph Insurance Advisors, Woodstock Advisor Marketing Group, BDI Consulting
- Previous Firms: Taylor Capital Management
- Function: Stock Broker/ Financial Advisor
- Aliases: Preston Spears
- Primary Location: Woodstock, GA
- CRD 861779
- Can Preston Spears be sued in FINRA arbitration: Yes
- Sanctioned by State Securities Regulators: Yes
- Four Pending Customer Disputes Seek Damages of More Than $28 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Preston Spears As Your Stockbroker?
Three cases filed by customers of Taylor Capital Management related to the sale of 1st Global Notes by Preston Spears seek damages of more than $27.5 million.
Another case brought by a cutomer of Taylor Capital Management alleges that Preston Spears sold an unregistered security in violation of the Illinois Securities Act and a speculative non-publicly traded real estate investment trust (REIT). Damages of $150,000 are alleged.
Preston Spears have previously been sanctioned by securities regulators from the states of Minnesota, Georgia and Alabama.
Allegations of Broker Misconduct Against Preston Spears
Customers of Preston Spears have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in non-publicly traded REIT
- Sale of 1st Global Capital Notes, an unregistered and unsuitable product
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.
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Preston Spears, 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.
