Securities Lawyers Blog
Before hiring a securities arbitration lawyer, many investors research a brokerage firm’s regulatory history, FINRA arbitration awards, and customer complaints. The FINRA disciplinary actions below are the ones in which D.H. Hill Securities, LLLP itself was a respondent. The investor lawyers at Gana Weinstein LLP represent customers of brokerage firms in disputes over investment losses, and our attorneys can review your situation and tell you whether a FINRA claim is worth pursuing.
D.H. Hill Securities is a retail broker-dealer that provides commission-based brokerage services and investment recommendations on a limited selection of investments. Founded in Texas in 1996 by Danny Hill, the firm is headquartered in Kingwood, in the Houston metropolitan area.
D.H. Hill Securities, LLLP – By the Numbers:
- CRD #: 41528
- Regulatory Events: 4
- Broker Employees: 27
D.H. Hill Securities, LLLP – In the News:
FINRA v. D.H. Hill Securities, LLLP (Case #2019063187001) – Between August 2015 and December 2019, D.H. Hill sold eight private placement offerings claiming exemption from registration under Rule 506(b) of Regulation D, but without having established pre-existing, substantive relationships with the offerees prior to participating in those offerings. As a result, each of those sales constituted an unregistered distribution of securities in contravention of Section 5 of the Securities Act of 1933, and, thereby, violated FINRA Rule 2010.
FINRA v. D.H. Hill Securities, LLLP (Case #2014040082301) – During the period February 2012 through April 2013, D.H. Hill Securities participated as dealer manager of a REIT offering, taking over from another firm that had been the dealer manager. When it replaced the prior dealer manager, it failed to seek or obtain authorization from FINRA’s Corporate Financing Department to proceed with the offering, as required by FINRA Rule 5110(b)(4)(B), and instead relied on the prior “no objections” opinion issued to its predecessor. It also failed to file required materials in connection with a follow-on offering for the same issuer on a timely basis, and did not have adequate supervisory procedures to enforce or implement the limits on underwriting compensation and other offering expenses for offerings it managed, which resulted in its inability to accurately account for its underwriting compensation in a timely manner.
If you are looking to recover stock market losses or recover losses from a financial advisor at D.H. Hill Securities, LLLP, Gana Weinstein LLP represents investors in FINRA arbitration and litigation against brokerage firms nationwide. Our consultations are free.