INVESTOR ALERT!  Investigation of Joey Broussard of Allen, Texas

Have you lost money with financial advisor Joey Broussard of Allen, Texas?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Joey C. Broussard. FINRA barred Broussard from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Broussard regarding allegations that he forged a customer’s signature on a letter.

FINRA alleged that one of Joey Broussard’s customers agreed to invest $15,000 in an oil and gas venture called Bayou City Exploration.  Under the terms of Bayou City’s investment agreement, investors had a 10-day window to rescind purchases.  The investor wrote a letter to Bayou City, asking to rescind the agreement.  It was alleged that Broussard found out about the letter, and then wrote a second letter to Bayou City asking it to cancel the rescission.  Broussard allegedly hand wrote the letter and then forged the investor’s signature.

Joey Broussard was a financial advisor and registered representative of Source Capital Group from July 2010 to April 2014.  He worked at a branch office in Allen, Texas.

Brokerage firms have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Source Capital Group.

Our office handles all of our arbitration cases on a contingent fee basis, meaning you do not pay unless we recover money for you.

Click to view:  Broussard, Joey FINRA Order

Click to view:  Broussard, Joey BrokerCheck 8.11.16

HAVE YOU LOST MONEY WITH JOEY BROUSSARD OR BAYOU CITY EXPLORATION?

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.