Will R. Freeman-Wilbanks Securities Broker-Discloses $1.4M Claim Over Loss on Aztec Oil & Gas

Will R. Freeman-Wilbanks Securities Broker-Discloses $1.4M Claim Over Loss on Aztec Oil & Gas 150 150 Robert Rex, Esq.

Oklahoma City, OK

MAY 2017 UPDATE-Per FINRA records Will Ricker Freeman left Wilbanks Securities 10/2016 and he is not currently registered.

ORIGINAL POST AUGUST 2016The FINRA records of Will R. Freeman ,  a  stock broker who is currently  employed by Wilbanks Securities  disclose a pending customer dispute involving an oil and gas investment.

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.

In pending FINRA arbitration 14-03350,  customers of Wilbanks Securities allege damages of $1,465,000 and that Freeman did not review the suitability of an oil and gas limited partnership with customers prior to its sale.

Aaron Wilbanks, President and CEO of Wilbanks Securities, Randy Wilbanks, its Vice President and Steven Sharpe, Chief Compliance Officer, disclose this same case (FINRA #14-0335) on their respective FINRA records, indicating that the subject oil and gas investment is Aztec Oil & Gas. See this for details.

Another Wilbanks Securities broker, John R. Stevens, is named in this arbitration and was discharged from Wilbanks Securities in April 2014. See this for details. 

Freeman has been employed by  Wilbanks Securities since 7/2006.

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.

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