Did you suffer investment losses with Sanders Morris Harris (CRD# 20580) (SEC# 801-66300, 8-38325)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Sanders Morris Harris. If you suffered losses investing with Sanders Morris Harris, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of June 6, 2020, Sanders Morris Harris’s FINRA BrokerCheck Report contains the following:
16 Regulatory Event Disclosures
4 Arbitration Disclosures
Main Office Location
600 TRAVIS
SUITE 5900
HOUSTON, TX 77002-3003
UNITED STATES
Mailing Address
600 TRAVIS
SUITE 5900
HOUSTON, TX 77002-3003
UNITED STATES
Business Telephone Number
713-250-4222
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Sanders Morris Harris’s Direct Owners and Executive Officers
TECTONIC FINANCIAL, INC., PARENT COMPANY
BAILEY, SUSAN EVA (CRD#:2977205), ASSISTANT SECRETARY
BALL, GEORGE LESTER (CRD#:11332), CEO AND CHAIRMAN OF THE BOARD (9/2015)
BLOCK, DAVID WILLIAM (CRD#:2327799), OPERATIONS MANAGER
KUEBLER, ERICK GEORGE REVELLE (CRD#:2319437), MANAGER, PRESIDENT
LYONS, PAUL DOUGLAS (CRD#:4900585), FINOP, PRINCIPAL FINANCIAL OFFICER
MANGOLD, STEPHEN MICHAEL (CRD#:2359974), CHIEF COMPLIANCE OFFICER
SHERMAN, ARTHUR HAAG (CRD#:2813406), MANAGER, GENERAL COUNSEL
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker-dealers to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Broker-Dealers that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Sanders Morris Harris and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
Formerly Known As, Aliases, and Affiliates
CUMMER MOYERS FINANCIAL SERVICES, KISSINGER FINANCIAL SERVICES, SANDERS MORRIS & MUNDY INC., SANDERS MORRIS MUNDY INC., SMH ASSET MANAGEMENT, SMH CAPITAL ADVISORS, LLC, SMH CAPITAL INC., SMH COLORADO, SMH PARTNERS, CUMMER MOYERS FINANCIAL SERVICES, KISSINGER FINANCIAL SERVICES, SANDERS MORRIS & MUNDY INC., SANDERS MORRIS MUNDY INC., SMH ASSET MANAGEMENT, SMH CAPITAL ADVISORS, LLC, SMH CAPITAL INC., SMH COLORADO, SMH PARTNERS
