Broker Investigation: Richard Poston

broker investigation richard postonRichard Poston (CRD#: 2623641) is a former broker and investment advisor. From 2010 to 2015, Mr. Poston was employed at H. Beck, Inc. in Plano, Texas. Previously, this broker was also associated with Gunnallen Financial, LPL Financial Corporation, and American Express Advisors.

According to FINRA records, Mr. Poston was terminated from his employer in 2015 after he allegedly failed to cooperate with his brokerage firm’s internal investigation into allegations that he offered negligent financial advice. Here, our investor losses lawyers review the most recent complaints against this former investment advisor.

Investor Complaints: Richard Poston

FINRA records indicate that Richard Poston was terminated from H. Beck, Inc. in December of 2015. Since that time, at least two investor complaints have been filed against this broker.

This first complaint was settled for $185,000. This complaint was initiated by an investor who claimed that Mr. Poston made unsuitable investment recommendations, encouraging the overconcentration of funds in non-traded real estate investment trusts (REITs).

As of early June of 2018, the second investor complaint against former H. Beck broker Richard Poston is still listed as pending. An investor is seeking $500,000 in financial compensation for losses that were allegedly sustained due to unsuitable investment recommendations related to high-risk, illiquid real estate investment trusts (REITs).

Contact Our Investor Advocates for Immediate Legal Guidance

At the Sonn Law Group, we have extensive experience with securities litigation and FINRA arbitration. If you suffered illegitimate investment losses, we are prepared to protect your legal rights. To find out how you can get fair compensation, please contact our law office for a free case evaluation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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