Texas Broker Fraud Lawyers

When An Investor is The Victim of Selling Away

 Our Texas Broker Fraud Lawyers Are Investigating Claims of Losses Involving Former Clients of Ex-Momentum Independent Network Broker Leslie Jackson

Selling away is generally not allowed unless a financial advisor is engaging in this practice with the knowledge and approval of their brokerage firm. With selling away, the broker sells you a certain investment or financial product that is not being processed through their broker-dealer. This can prove risky for investors because they’ve placed their money in an investment that may not have been properly vetted and/or is not being supervised by the firm.

Shepherd Smith Edwards and Kantas Texas Broker Fraud Lawyers are investigating claims of losses involving former Texas broker Leslie Don Jackson who was just barred by the Financial Industry Regulatory Authority (FINRA). A registered financial advisor with Momentum Independent Network in Dallas for 33 years, the self-regulatory organization contends that he allegedly sold away nearly $2M in promissory notes without notifying the brokerage firm.

FINRA claims that between February 2018 and August 2022, Jackson marketed and sold the notes to five investors, including three firm customers. For his involvement, the issuers purportedly paid him monthly in what equated to be up to 3% of each investment annually. Momentum Independent Network fired the Dallas broker in December 2022.

How Can Our Skilled Dallas Stockbroker Fraud Attorneys Help With Your Selling Away Losses? 

Unfortunately, selling away happens way too often. A broker may want to avail himself of the additional fees that can be earned, so they market and sell investments that were never approved by their firm.

It is a sad fact that by the time securities regulators get involved and a rogue financial advisor is taken to task with a suspension or bar, it is too late for the investors who have already sustained their investment losses. However, you may be able to recover damages by suing your financial advisor and/or the brokerage firm that neglected to properly supervise the registered representative and the activities in your account. This is not a legal claim you want to pursue without knowledgeable broker-dealer negligence lawyers protecting your best interests.

Should we agree to work together, Shepherd Smith Edwards and Kantas will provide you with seasoned securities law representation while fighting for your financial recovery. We have been exclusively representing investors for over 30 years. More than 90% of our clients have received full or partial financial recovery with the help of our savvy Dallas investment loss recovery attorneys.

Contact Us:

If you sustained investment losses while working with ex-Momentum Independent Network financial advisor Leslie Jackson or any other Texas broker, call (800) 259-9010 or (214) 613-5306 to request your free, no-obligation initial consultation.