Parkland Securities (formerly Sammons Securities) has a long history of customer and regulatory complaints. Parkland Securities is a licensed broker-dealer registered with FINRA, or the Financial Industry Regulatory Authority. Parkland Securities has been a FINRA member since 2002. Parkland Securities, Inc. has seven FIRNA regulatory events and one arbitration on his FINRA BrokerCheck Report. Parkland Securities employs 516 registered representatives, operating 357 branch office locations under the name Sammons Securities, Inc. Parkland Securities, Inc. main office is located in Ann Arbor, Michigan.
As a member of FINRA, Parkland Securities must arbitrate all customer complaints before FINRA. Our law firm exclusively handles investor complaints before FINRA. We are currently investigating complaints against Parkland Securities and are interested in hearing from you regarding your complaints against the firm or its stock brokers. Here are some notable complaints against Parkland Securities, LLC (by its former name, Sammon Securities, LLC) or its brokers:
- On September 15. 2014, Parkland Securities, LLC (under the name Sammon Securities) was censured and fined $100,000 for supervisory deficiencies. Specifically, FINRA alleged that Sammon Securities failed to implement an adequate email review system, failed to supervise their broker’s activities, and had deficient procedures relating to customer information.
- On December 11, 2013, Sammon Securities was fined $5,000 for failure to retain electronic correspondence in its original format, as required by FINRA regulations.
- On April 12, 2012, Sammon Securities, Inc. was fined $10,000 for failing to report to the Trade Reporting and Compliance Engine (TRACE) 103 transactions.
- On September 29, 2011, Sammon Securities broker, Carl. M. Mook took private personal customer information from a competing firm and relayed it to Sammon Securities, Inc. Carl M. Mook was fined $5,000 and suspended by FIRNA for ten days. Sammon Securities was fined $10,000.
If you or someone you know has a complaint against Parkland Securities (formerly known as Sammon Securities) you may be able to recover your losses. Contact the stock fraud law firm Fitapelli Kurta today for a free consultation and evaluation of your complaint. Do not delay.