May 2018- Friendswood, TX
According to FINRA records, Thomas “Tom” A. Till , a stock broker who is not currently registered and who last was employed in the industry by ProEquities Inc. , discloses the settlement of FINRA arbitration 13-0021 in which a customer of ProEquities alleged various claims, including breach of fiduciary duty and misrepresentations in regard to his investment in three real estate investment trusts (REITs):
- Inland Western
- Behringer Harvard
- Inland American
That case was settled for $30,000.
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.
Till was employed by ProEquities from 10/2000-7/2017, and discloses a business affiliations with APPS Financial Group and Compass Tax Solutions in Friendswood, TX.
Illiquid alternative investments such as REITs are often sold with the promise of a steady and dependable stream of income and the opportunity for a ‘liquidation event’ in 5-7 years. Many investors purchase alternative investments with the mistaken belief that they are similar to a bond investment.
If you have questions about losses an account handled by Tom Till , call for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
ProEquities Inc. , headquartered in Birmingham, Alabama, has been a FINRA member since 1985. They have over 1200 brokers in over 600 branch offices nationwide. ProEquities’ FINRA records disclose 60 prior regulatory events.
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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