Jacksonville, TX is located in East Texas at the intersection of US-69 and US-79. It is the principal city of the Jacksonville Micropolitan Statistical Area which includes all of Cherokee County, Texas and has a population of about 15,000 with another 13,000 residents in the unincorporated areas around the city.
Located between Tyler to the North and Houston to the Southeast, Jacksonville refers to itself as the “Tomato Capital of the World”. If you are one of the 28,000 people living in Jacksonville or the surrounding areas, you have worked many long and hard days to reach your financial goals. Retirement, putting your kids through college or increasing the acreage for the crops you raise weren’t easy.
According to the SEC website there are eight stockbrokers and investment advisors shown to have offices in Jacksonville, TX. Since there are so few, here are their names and addresses:
National Firms:
Edward D Jones & Co L.P.. 1504 East Rusk Street Jacksonville, TX 75766
LPL Financial, LLC 1700 S Jackson Jacksonville, TX 75766
Regional Firms:
State Farm Investment Management Corp.
State Farm VP Management Corp. 1910 S. Jackson St. Jacksonville, TX 75766
Commonwealth Financial Network 306 E. Commerce St. Jacksonville, TX 75766
Money Concepts Advisory Service 8761 FM 2138 N Jacksonville, TX 75766
Osaic Wealth, Inc. 1504 East Rusk Jacksonville, TX 75766
Small (Boutique) Firms:
Matt Montgomery 1504 East Rusk St. Jacksonville, TX 75766
Most investment professionals take pride in the manner they act on your behalf. But if the professional you entrusted with keeping your funds safe and properly invested has violated your trust and you have incurred meaningful losses then you need to seek experienced, professional assistance to determine whether your financial adviser breached a duty owed to you, and to determine whether you can recover your investment losses.
Many people just like you have no idea they have been defrauded. They are told and believe “that’s just how the market works.” In reality, your broker or advisor may have misled you with false statements or omissions, unauthorized trading, mutual fund fraud, selling away, over–concentration, Ponzi schemes, failure to follow directions or other type of fraud. On our FAQ page, firm founder Bryan T. Forman explains the many different types of stockbroker and securities fraud and discusses the warning signs to be on the lookout for.
Bryan Forman has spent the majority of his early business career in the brokerage industry, serving as Chief Executive Officer and General Counsel for several brokerage firms which he founded. Mr. Forman is a native Texan, was raised in Tyler, Texas and currently makes his home in Austin. He is a member of the State Bar of Texas. Bryan is a member of the Million Dollar Advocates Forum, 2024 Super Lawyers and the Texas Bar Foundation.
One of the more common types of investment fraud is placing your funds into an “unsuitable” investment. In other words, you were sold an investment that did not fit your risk tolerance and investment objectives.
When you open an investment account with a brokerage firm or investment advisor there should be an in-depth written analysis made by your investment professional, including factors like your investing experience, risk tolerances and investment objectives. From this analysis, that investment professional will produce suitability standards unique to you and can build a portfolio with diversified investment products that fit your suitability profile. Before any of your funds are invested each investment product should be explained to you including the risk factors unique to each product. You may be asked to allow discretionary authority to the investment professional. If granted by you, that means he or she can make investments without getting your permission on each one before they can buy or sell a security.
The trouble usually originates when the professional recommends an investment that deviates from the suitability standards. In that case, they are responsible for their negligence in failing to recommend an investment that is suitable for you.
They may also omit facts that would be important to you, including the risks of the recommendation, the fact they would receive higher compensation from the proposed investment, or the tax implications of the recommended investment. The reasons often provided to support an unsuitable recommendation are endless, but the fact remains they took too much risk with your money, or failed to tell you the key facts, and they are responsible for any losses incurred.
If you suspect that you have lost money through brokerage fraud, misconduct, or mismanagement, and you are not sure what your rights are or what to do next, please contact the Forman Law Firm, P.C. today for a confidential Free Case Evaluation.
The Forman Law Firm, P.C. is conveniently located in Austin and in Tyler, ready to help you determine why you lost money and whether you have a case. The Forman Law Firm, P.C. focuses on securities arbitration, mediation, and litigation and seeks to recover lost investments for those victimized by broker or adviser misconduct.
While the Firm rarely defends brokers in customer complaints, the Firm does assist brokers and advisors when they are transitioning from one firm to another (e.g. the Broker Protocol), employment matters, and in regulatory investigations, hearings, and enforcement proceedings.
Our Austin office is located at 248 Addie Roy Road Building B Suite 302, Austin TX 78746. Our Tyler office is located at 609 S. Fannin, Tyler TX 75701. Visits at the Tyler office are by appointment only.
To schedule your free evaluation, simply call (866) 597–2221, email info@formanlawfirm.com, or fill out and submit our online “Contact Us” form.