August 10, 2015-New Hampshire
Richard M. Higgins, of Stratham, New Hampshire was sentenced in Merrimack County Superior Court to serve 5 to 14 years after pleading guilty to one felony count of engaging in a course of conduct involving a scheme to defraud in connection with the purchase and sale of securities and one felony count of operating a fraud in connection with acting as an investment advisor. Higgins was also ordered to pay over $624,000 in restitution to victims.
Higgins led investors to believe their funds would be placed in a brokerage account in the name of a limited partnership but were actually put into an account in the name of Higgins Capital Management which Higgins operated as his personal account.
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.
Florida-561 391 1900