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September 26, 2011
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Blog, Securities Fraud
The following is a brief breakdown of publicly available information regarding NEXT Financial and its securities sales practices and FINRA regulatory history. NEXT Financial is a FINRA registered broker-dealer based in Houston, Texas. Although NEXT Financial has a solid reputation in the securities industry, investors
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July 21, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently announced that it has suspended William Bailey, a former NEXT Financial Group, Inc. broker of Mesa, Arizona, from the securities industry for two years for unsuitable and excessive trading of mutual funds and variable annuities. Bailey also engaged in
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April 15, 2011
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Blog, Securities Fraud
The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim involving investment losses in various UITs, REITs, and variable annuity investments. The claim, filed against NEXT Financial Group, seeks recovery of investment losses of over $500,000.
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November 24, 2010
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Blog, Securities Fraud
In 2009, FINRA announced that it had fined NEXT Financial Group, Inc., headquartered in Houston, Texas, $1 million for supervisory violations that primarily involved the failure to supervise its approximately 130 Office of Supervisory Jurisdiction (OSJ) branch managers, who typically supervise transactions and sales
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