INVESTOR ALERT! Walter Parker of Titan Securities (U.S.)
Walter Parker from Rowlett, Texas Suspended From Securities Industry
Have you lost money with financial advisor Walter Parker of Titan Securities in Rowlett, Texas? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority), against Walter Warren Parker. FINRA suspended Walter Parker from the securities industry for one month and fined him $7,500. FINRA was investigating Parker regarding allegations that he made unsuitable recommendations to a customer to invest in a number of alternative investments like United Development Funding IV (UDF IV), an ICON equipment leasing fund, an American Realty Capital REIT (or real estate investment trust), as well as another REIT. FINRA alleged that the overconcentration of alternative investments was unsuitable.
Walter Parker was a financial advisor and registered representative of Titan Securities (U.S.) from 2006 to March 2018. He worked in a branch office in Rowlett, Texas. He was also affiliated with InvestingMakesMeSick.com. Walter Parker has been the subject of seven customer complaints, many complaining about REITs, UDF, and alternative investments.
Brokerage firms like Titan Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas and the greater Dallas area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Parker, Walter BrokerCheck 4.19.18
Click to view: Parker, Walter FINRA AWC
If you lost money with Walter Parker or Titan Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.
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.