Last Updated: March 2024 (Bentonville, AR)
Travis Riggs Investigation Summary
Here’s what you need to know about Bentonville, AR, stockbroker Travis Riggs:
- Name: MR. Travis Lynn Riggs
- Current Employer: Private Advisor Group (RIA), not currently registered with FINRA
- DBA: Natural State Wealth Advisors
- Previous Firms: Equitable Advisors , AXA Advisors
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Travis Riggs
- Primary Location: Bentonville, AR
- CRD 4662702
- Can Travis Riggs be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $50,000
- Pending Customer Dispute Seeks Damages of $64,781
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Travis Riggs As Your Stockbroker?
Travis Riggs discloses three settlements with customers of Equitable Advisors:
- 2023- $23,732 paid to resolve allegations related to fees.
- 2023- $28,023 paid to resolve allegations related to high fees.
- 2022- $42,500 paid to resolve allegations that Riggs made unsuitable recommendations within client’s IRA
A customer of AXA Advisors was paid $50,000 in 2022 to resolve allegations that Riggs recommended an unsuitable REIT and did not disclose risks properly.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
There is a current customer dispute pending by a customer of Equitable Advisors who alleges that Riggs overcharged advisory fees and who is seeking damages of $64,781.
Allegations of Broker Misconduct Against Travis Riggs
Customers of Travis Riggs have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Recommendation to purchase REIT in an IRA
- Overcharged advisory fees
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
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 Travis Riggs, 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.
