Securities Lawyers Blog
Stockbroker fraud and financial advisor negligence cost investors billions of dollars every year. The stockbroker fraud attorneys at Gana Weinstein LLP represent investors in FINRA arbitration claims involving misrepresentation, omissions, excessive commissions, and overconcentration of investment portfolios, including claims by customers of firms such as First Dallas Securities Incorporated. We can determine whether your investment losses were caused by misconduct and what damages may be recovered.
First Dallas Securities is a broker-dealer and investment adviser offering retail brokerage in equities, corporate debt, government and municipal securities and options, along with mutual fund underwriting and proprietary trading. Formed in Texas in 1988 and headquartered in Dallas, the firm is a subsidiary of Hodges Capital Holdings and operates under common control with the investment manager Hodges Capital Management.
First Dallas Securities Incorporated – By the Numbers:
- CRD #: 24549
- Regulatory Events: 6
- Arbitration Events: 1
- Broker Employees: 18
First Dallas Securities Incorporated – Investment Advisors:
- SEC #: 66208
- Assets Under Management: $335,711,026
- ADV Form Employee: 20
First Dallas Securities Incorporated – In the News:
FINRA v. First Dallas Securities Incorporated (Case #2014039095801) – Between January 1, 2010 and November 30, 2014, the Firm improperly charged ticket charges in at least 449 transactions involving 129 accounts for clients of its affiliated Registered Investment Advisor (“RIA”). The total amount of overcharged ticket charges was $42,530, which First Dallas has voluntarily repaid to the affected customers. First Dallas thus did not have an adequate supervisory system to ensure that customers of its affiliated RIA were charged the appropriate ticket charge, and thereby violated NASD Rule 3010(a) and FINRA Rule 2010.
Gana Weinstein LLP represents investors in disputes over stock market investment losses, unsuitable investments, and failure to supervise at firms across the country, including customers of First Dallas Securities Incorporated. Call us for a free consultation and a candid assessment of your claim.