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Broker Complaints: FTN Financial Securities, Corp. (CRD# 46346)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the Tennessee-based brokerage FTN Financial Securities, Corp. (CRD# 46346).

Formed in Tennessee in 1998, FTN Financial Securities is headquartered in Memphis, Tennessee and registered in 53 US states and territories. Michael Edward Kisber is President; Mark Gerard Dabrowski is Chief Compliance Officer; Donald Allen Ritcheson is Chief Financial Officer and Financial and Operations Principal. FTN Financial Securities is a subsidiary of the First Tennessee Bank.

According to the firm’s BrokerCheck report, FTN Financial Securities is the subject of seven regulatory sanctions.

In 2013 the Financial Industry Regulatory Authority (FINRA) sanctioned FTN Financial Securities following allegations the firm failed to timely expeditiously report transactions involving TRACE-eligible securities. FTN Financial Securities was censured and issued a fine of $7,500.

In 2012 FINRA sanctioned FTN Financial Securities following allegations the firm failed to timely expeditiously report transactions involving TRACE-eligible securities. FTN Financial Securities was censured and issued a fine of $10,000.

In 2011 the US Securities and Exchange Commission (SEC) sanctioned FTN Financial Securities following allegations the firm was responsible for an investment adviser’s failure to maintain true, accurate and current books and records. FTN Financial Securities was ordered to pay disgorgement of $1,495,878 and prejudgment interest of more than $377,700.

In 2008 FINRA sanctioned FTN Financial Securities following allegations the firm failed to timely expeditiously report transactions involving TRACE-eligible securities. FTN Financial Securities was censured and issued a fine of $7,500.

In 2006 the National Association of Securities Dealers (NASD) sanctioned FTN Financial Securities following allegations the firm failed to satisfy its minimum reserve requirement. FTN Financial Securities was censured and issued a fine of $25,000.

In 2002 the NASD sanctioned FTN Financial Securities following allegations the firm executed short sale transactions and failed to report them with a short sale modifier. FTN Financial Securities was censured and issued a fine of $13,000.

If you have lost money investing with FTN Financial Securities, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.