July 2016-San Antonio, Texas
San Antonio, Texas, based stock brokerage firm Investment Professionals, Inc. (IPI) entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that they failed to supervise the advisory activities of nine registered representatives who were dually-registered with unaffiliated registered investment advisors and failed to record the transactions that these representatives executed away from the firm.
In addition FINRA alleged that IPI failed to preserve securities related emails utilized in IPI’s Bethlehem, Pennsylvania branch office in violation of FINRA and NASD rules.
Investment Professionals, Inc., a FINRA member since 1992 with 305 branch offices and over 360 employees nationwide, was censured and fined $170,000.
FINRA records disclose that Investment Professionals, Inc. has 13 final regulatory events.
If you have losses in an account with Investment Professionals, Inc. you may be able to recover damages through FINRA arbitration.
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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