Securities Lawyers Blog
A concentrated investment portfolio, a failure to diversify, or an investment with far more risk than the investor understood are common causes of large investment losses. The broker negligence attorneys at Gana Weinstein LLP help investors at firms such as Nexpoint Securities, Inc. determine whether their financial advisor breached the duty to recommend suitable investments and, when the advisor did, pursue recovery through FINRA arbitration.
NexPoint Securities is a broker-dealer that distributes real estate, credit, and capital markets investment funds, nearly all of which are sponsored by its affiliates NexPoint Asset Management and NexPoint Advisors. Formed in 2012 and based in Dallas, Texas, the firm is part of the NexPoint alternative investment platform and is licensed to sell securities across 53 states and territories.
Nexpoint Securities, Inc. – By the Numbers:
- CRD #: 165013
- Regulatory Events: 1
- Broker Employees: 48
Nexpoint Securities, Inc. – In the News:
FINRA v. Nexpoint Securities, Inc. (Case #2022074391001) – Between November 2021 and February 2022, NexPoint conducted a securities business while failing to maintain its required net capital, in violation of Section 15(c)(3) of the Securities Exchange Act of 1934, Exchange Act Rule 15c3-1, and FINRA Rules 4110(b)(1) and 2010. Between February 2021 and March 2022, NexPoint failed to maintain accurate books and records and filed with FINRA inaccurate Financial and Operational Combined Uniform Single (FOCUS) reports. The firm also failed to file required notifications regarding its net capital. Accordingly, the firm violated Exchange Act § 17(a), Exchange Act Rules 17a-3, 17a-5, and 17a-11, and FINRA Rules 4511 and 2010. Since at least February 2021, NexPoint has violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system reasonably designed to achieve compliance with net capital requirements. For these violations, the firm is censured, fined $50,000, and agreed to an undertaking.
Wondering whether you can sue your financial advisor or Nexpoint Securities, Inc.? The investment loss attorneys at Gana Weinstein LLP can answer that question after a free review of your account statements. We welcome all inquiries.