Last Updated: April 2024
USCA Securities Investigation Summary
Here’s what you need to know about Houston, Texas, headquartered brokerage firm USCA Securities:
- Name: USCA Securities
- Related Registered Investment Advisor (RIA): U.S. Capital Wealth Advisors
- Function: Stock Brokerage Firm/ Financial Advisory Firm
- Location: Texas: Austin, Dallas, Georgetown, Houston. New York, NY. Andover, MA.
- CRD 103789
- Can USCA Securities be sued in FINRA arbitration: Yes
- Sanctioned by Securities Regulators: No
- Have any brokers at USCA Securities been sanctioned by regulators: Yes
- Have any customers made complaints against brokers at USCA Securities: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
USCA Securities
According to their website , USCA Securities was founded in 2010, is headquartered in Houston, TX, and claims to be “one of the largest independently owned investment advisory firms in Texas”. In 2021 their wealth management subsidiary aligned with Legacy One Financial Advisors to for U.S. Capital Wealth Advisors.
USCA Securities- Arbitration of Customers’ Complaints
USCA Securities discloses one FINRA arbitration on their CRD.
In 2013 a group of customers filed a FINRA arbitration alleging that their retirement savings accounts would have protection of principal, participation in market growth during rising markets, and disciplined stop-losses to protect their investments during declines. The customers were seeking damages of $3 million and punitive damages of $9 million. In 2014, after 15 arbitration hearing sessions, the group was awarded $12 million. USCA filed a Motion to Vacate the arbitration award and the parties settled the matter for $3,769,960.
Should you have a claim for stockbroker malpractice, fraud or negligence for the mishandling of your account, the broker dealer where the stockbroker is registered is liable for those losses under theory that a principal is liable for the damages caused by his agents acting within the scope of their employment.
If your USCA Securities broker or financial advisor causes damages due to the mishandling of your account, USCA Securities can be held liable.
See “How to Research Your Broker-What is a CRD?” for instructions on how to access FINRA and SEC regulatory records and learn more about a broker or a broker-dealer firm.
Rex Securities Law Investigations of Registered Representatives Who Have Worked for USCA Securities
- Chris Arnold – Houston, TX
- Gil Beer – Houston, TX
- Michael DeLaFuente – Austin, TX
- Ann Deaton – Houston, TX
- Mark Elias – Houston, TX
- George Howe – Austin, TX
- John Howle – Dallas, TX
- Stuart Huckin – Dallas, TX
- Patrick Mendenhall– Houston, TX
- Timothy Myers – Austin, TX
- Grizelle Perez – Houston, TX
- Derek Su – Austin, TX
- Amanda Ton – Houston, TX
- Danny Vickery – Houston, TX
- Matthew West – Houston, TX
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. FINRA Rule 2111- suitability
Recover Your Investment Losses With USCA Securities With Rex Securities Law
If you have suffered investment losses in an account handled by a broker or financial advisor who is currently employed by or previously worked for USCA Securities, contact us for a complimentary consultation with an experience 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.[/vc_column_text][/vc_column][/vc_row]
