Mount Vernon, TX is not your typical small town. With a population of about 2,500 people, it is a town with a long and proud history that has done everything possible to keep that history alive, not just for residents but for all Texans to see and touch with their bare hands. It is also the county seat of Franklin County, TX.
That history began soon after the Texas Revolution when a small unnamed settlement was established. In 1848 the US Government established a post office for this still unnamed settlement and a year later an actual town began shaping up on local maps. But newborn Mount Vernon, Texas already had a problem since there were two other towns with the name Mount Vernon already in existence in Texas. So, the town post office became “Keith, Texas” (named after the family who donated the land the town was located on) and later was changed to “Lone Star, Texas” until Mount Vernon finally got the sole naming rights in 1875.
Located in the top corner of East Texas it is clear why the early economy of this area concentrated on agriculture. Ideal growing conditions, fertile farmland and easy access via the Cotton Belt Railroad to big cities in all directions. Records show major cash crops were at first corn and cotton, and by the 1920’s and 30’s there were also over 500,000 peach trees, large crops of watermelon and the largest production of cane syrup from any county in Texas during the 1940’s.
The discovery of oil in 1936 further diversified and gentrified the economy with the oil production still continuing and light industry and manufacturing in place to support both oil and agriculture. Tourism is yet another source of revenue to the city and county as great pains have been made to preserve the local history.
The gentrification process is evidenced by the large number of official state historical markers in Mount Vernon and surrounding Franklin County (over 20). There are more than fifty homes over 100 years old around the town. Marshall has certainly earned being awarded the title of “A Texas Treasure” by First Lady of Texas Anita Perry. Only 8 other Texas cities have been given that title.
The FINA/SEC web site shows there are seven stock brokerage and investment advisory firms with offices in Mount Vernon. We have listed them here:
National Firms:
Edward D. Jones & Co, L.P. 112 East Main St. Mt. Vernon, TX 75447
Raymond James Financial Services Advisors, Inc. 101 West Main St. Mt. Vernon, TX 75457
Regional Firms:
Planmember Securities Corp. 400B Kaufman St. Mt. Vernon, TX 75457
Osaic Wealth, Inc. 110 West Dallas Street Mt. Vernon, TX 75457
Cetera Advisor Networks LLC 202 Scott Street, Mt. Vernon, TX 75457
Small (Boutique) Firms:
Access Financial Group 1981 County Rd SE 4250, Mt. Vernon, TX 75457
ETEX Financial, Inc. private address Mt. Vernon, TX
Mount Vernon’s businesses also suggests growth in wealth that is available for investment, and with increasing investment comes the greater potential and greater incidence of broker and adviser misconduct that leads to investment losses.
Have you lost more money in the stock market than you think you should have? If you are one of the 10,000 people living in Franklin County or Mount Vernon, Texas and your investments lost much more than you expected you could be a victim of stockbroker fraud.
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, you may have been misled by 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 Brian T. Forman explains the many different types of stockbroker and securities fraud and shows you what to look out for.
The Forman Law Firm, P.C.’s East Texas office is a short trip down TX-37 and FM 14 in neighboring Tyler, Texas, less than 70 miles away from Mount Vernon. The Forman Law Firm, P.C. concentrates our efforts in securities arbitration, mediation, and litigation and seeks to recover lost investments for those victimized by broker misconduct. The firm also assists brokers and advisors in regulatory and enforcement proceedings and employment matters.
Most investment fraud cases against stockbrokers are governed by mandatory arbitration provisions. Securities arbitration before FINRA is the most common way that disputes between customers and financial institutions are resolved. The arbitration rules of FINRA are unique, but the nuances of the FINRA arbitration practice are, perhaps, even more important to know. However, when there is no valid and binding arbitration provision between the customer and the firm, the customer’s claims may be pursued in state or federal court. With the increasing transition from brokerage accounts to investment adviser relationships, many clients of investment advisers are subject to different arbitration provisions which rarely allow for arbitration before FINRA, and a client of a registered investment adviser should seek advice regarding the dispute resolution provisions in their particular agreement. In either forum, clients require an attorney experienced in the complex and sometimes arcane world of securities regulation that can also effectively communicate to the arbitrators or the jurors the essence of the case, from the filing of the claim all the way to the hearing before the panel of arbitrators or the jury. Clients should hire an attorney that spends the majority of their time in these types of cases. The Forman Law Firm is not a general practice firm that tells clients it can handle every legal problem. The Forman Law Firm is FOCUSED on securities fraud and legal issues in the securities industry. Forman Law Firm, P.C. has the needed experience.
The Forman Law Firm, P.C. founder, Bryan T. Forman, spent the majority of his early career in the brokerage industry, serving as Chief Executive Officer and General Counsel for several brokerage firms which he founded. Mr. Forman was born and raised in Tyler and is a member of the State Bar of Texas. Bryan is also a member of the Million Dollar Advocates Forum, Super Lawyers 2023 and the Texas Bar Foundation.
The firm’s East Texas office is located at 609 Fannin Avenue in Tyler and Mr. Forman and his staff are available by appointment only. Forman Law Firm, P.C.’s home office is now located at 248 Addie Roy Road, Building B Suite 302, Austin TX 78746. To reach our Tyler office coming down TX-37 S and FM 14 S from Mt. Vernon exiting onto FM 2015 in Smith County. Continue and merge with US-271 S to E. Houston St in Tyler. Turn right on E Houston and take a left on S. Fannin Ave. Our office is on your right. Client meetings at the Tyler office are by appointment only.
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.
To schedule your free evaluation, simply call (866) 597–2221, email info@formanlawfirm.com, or fill out and submit our online “Contact Us” form.