Securities Lawyers Blog
Gana Weinstein LLP is a securities law firm that represents investors in investment disputes with brokerage firms and financial advisors, including customers of Reef Securities, Inc. Our practice covers the full range of investor claims, from unsuitable investments, margin losses, and options trading losses to breach of fiduciary duty and failure to supervise. If your financial advisor lost your money, our FINRA lawyers can determine whether the losses were the result of misconduct and whether a claim against the brokerage firm is available.
Reef Securities is a broker-dealer that specializes in private placements for accredited investors, raising retail equity for oil and gas programs managed by REI Energy and commercial real estate partnerships. Organized in Texas in 1993, the firm is headquartered in Richardson, Texas.
Reef Securities, Inc. – By the Numbers:
- CRD #: 31951
- Regulatory Events: 8
- Arbitration Events: 1
- Broker Employees: 4
Reef Securities, Inc. – In the News:
FINRA v. Reef Securities, Inc. (Case #2015043469001) – From December 4, 2014 through August 27, 2015, Reef, acting through Mauceli, failed to timely notify investors of a right of rescission following the issuance of an updated General Partners Audited Balance Sheet dated December 31, 2013 and approval of a Revised Prospectus for the Reef Oil and Gas Drilling and Income Fund, L.P. As a result, Reef and Mauceli violated FINRA Rule 2010. In addition, from February 2015 through May 2015, Reef distributed four communications related to Offering M to investors that failed to provide balanced presentation or a sound basis for evaluating the investments being promoted, contained misleading and unwarranted claims, and, in addition, made prohibited investor profit projections. As a result, Reef violated FINRA Rules 2210(d)(1)(A), 2210(d)(1)(B), 2210(d)(1)(F), and 2010.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms, including firms such as Reef Securities, Inc. Our consultations are free and we welcome all inquiries.