10.0David P Neuman
(720) 599-3505

WARNING! PTX SECURITIES INVESTIGATION

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25
Apr

WARNING! PTX SECURITIES INVESTIGATION

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WARNING!  PTX SECURITIES INVESTIGATION

Investigation of PTX Securities

 

FINRA recently brought a regulatory action against a Plano, Texas-based brokerage firm named PTX Securities (“PTX”).  FINRA alleged that it failed to conduct adequate due diligence on oil and gas investments between October 2013 and January 2014.  PTX was previously known as Balanced Financial Securities.

 

FINRA alleged that PTX derived a majority of its revenue as a wholesaler broker-dealer for four oil and gas investments from one issuer.  FINRA alleged that it failed to perform adequate due diligence on the investments, including how a potential impact of an adverse money judgment against the issuer would affect the investment.  To settle these allegations, PTX was censured and agreed to pay a $20,000 fine.

 

Our attorneys have represented over one thousand investors who have been defrauded by financial advisors and brokerage firms.  While we have offices in Denver and the Seattle area, we have also previously represented clients throughout the country, including in Texas.

 

Click to view:  PTX FINRA AWC

Click to view:  PTX BrokerCheck 4.24.16

 

HAVE YOU LOST MONEY WITH PTX SECURITIES?   

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


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