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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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February 21, 2011
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Blog, Securities Fraud
According to the Investment News, three independent broker-dealers are suing their respective insurance carriers for failing to cover investors’ legal claims, with one charging that its insurer has exposed it to “financial ruin.” The broker-dealers, Next Financial Group Inc., Berthel Fisher & Company
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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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