Securities Lawyers Blog
According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Clifton Higgs (Higgs), currently associated with Securities Management & Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Higgs concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.
FINRA BrokerCheck shows a settled customer complaint on May 13, 2022.
Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that the Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.