DH Hill Securities, LLLP – Fined & Reprimanded By Texas State Securities Board
DH Hill Securities, LLLP – Fined & Reprimanded By Texas State Securities Board
DH Hill Securities, LLLP (CRD#: 41528/SEC#: 8-49475), a registered brokerage firm in KINGWOOD, TX. The Texas State Securities Board recently ordered DH Hill Securities, LLLP to pay a $42,000 administrative fine.
GWG L-Bond purchases allegedly exceeded DH Hill Securities’ concentration guidelines.
Respondent’s failure to consistently document a rationale or basis as to why Respondent accepted L-Bond purchases that exceeded the firm’s concentration guidelines, is a failure to enforce a supervisory system reasonably designed to achieve compliance with applicable securities laws and regulations and a violation of Section 115.10(a) of the Board Rules, according to the enforcement action.
DH Hill Securities, LLLP – Fined & Reprimanded By Texas State Securities Board
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 6/12/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.