Erez Law is currently investigating former Rhodes Securities, Inc. financial advisor Christopher Anthony (CRD# 1157930) regarding unsuitable investments. Anthony was registered with Rhodes Securities, Inc. in Fort Worth, Texas from 1995 to 2015, when he was terminated regarding, “Failure to adhere to heightened supervision. Trading with discretion and trading outside the investment objectives stated on the clients accounts.”
Anthony has been the subject of three customer complaints between 2016 and 2017, according to his CRD report:
- September 2017. “Client alleges unsuitable investments, breach of fiduciary duty and failure to supervise.” The customer is seeking $250,000 in damages and the case is currently pending.
- January 2017. “Client alleges breach of fiduciary duty, negligence, and breach of contract.” The customer is seeking $2,000,000 in damages and the case is currently pending.
- August 2016. “Customer alleges unsuitable investments, churning, and failure to supervise. The time frame of the alleged activity was beginning in 2014 to Spring 2015.” The customer sought $100,000 in damages and the case was settled for $200,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, former Rhodes Securities, Inc. may be liable for investment or other losses suffered by Anthony’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.