Articles Tagged with Momentum Independent Network INC.

Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Momentum Independent Network Inc.. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.

Momentum Independent Network is an independent broker-dealer and registered investment adviser that provides a wealth management platform and practice tools for independent financial professionals, hybrid registered investment advisers and their clients. Based in Dallas, Texas and known as HilltopSecurities Independent Network until 2021, the firm is a wholly owned subsidiary of Hilltop Holdings, with its sister company Hilltop Securities clearing its business and professionals serving clients across many states.

Momentum Independent Network Inc. – By the Numbers:

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Stallones (Stallones), previously associated with Momentum Independent Network INC., has at least one disclosable event. These events include one customer complaint, alleging that Stallones recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $730,000.00 on February 18, 2021.

Misrepresentation, unsuitable recommendations.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Mayotte (Mayotte), previously associated with Momentum Independent Network INC., has at least one disclosable event. These events include one customer complaint, alleging that Mayotte recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $47,053.15 on March 31, 2022.

Mayotte was a subject of the customer’s complaint against his member firm that asserted the following causes of action: negligence, unsuitability, and failure to supervise.

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Leslie Jackson (Jackson) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Jackson was employed by Momentum Independent Network INC. at the time of the activity.  If you have been a victim of Jackson’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on September 19, 2023.

Without admitting or denying the findings, Jackson consented to the sanction and to the entry of findings that he participated in private securities transactions totaling $1,975,000 without providing advance written notice to his member firm prior to engaging in these transactions. The findings stated that Jackson participated in the sale of promissory notes issued by entities purportedly engaged in a business that provided financing to construction companies. Jackson recommended the investments to five investors, including one family member and three firm customers, who ultimately purchased an aggregate $1,475,000 of the issuers’ promissory notes. Jackson also personally purchased notes totaling $500,000. Jackson participated in these investments by telling the investors about the notes, answering questions about the investments, helping the investors complete the subscription documents, and collecting the payments for the investments to provide to the issuers. Jackson received periodic payments from the issuers in amounts equal to 3% of each investment per year during their respective terms, paid monthly. In addition, Jackson falsely responded to questions about whether he had participated in private securities transactions on compliance questionnaires.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Anderson (Anderson), currently associated with Momentum Independent Network INC., has at least one disclosable event. These events include one customer complaint, alleging that Anderson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $7,150.67 on February 23, 2024.

Claimant alleges misrepresentation with respect to the solicitation of a variable annuity.

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