Whitehouse, TX is a relatively small town in Smith County, Texas. Whitehouse has a population of about 8,000 and, for statistical purposes, is included in the Tyler, Texas statistical area.
Since its incorporation in 1957, the local agencies of the government in Whitehouse have strived to make the city a “destination” location and have succeeded brilliantly.
For the 2020 national census, Whitehouse was found to have over 70% of its residents below the age of 44.
One of the significant factors that contributed to this demographic has been Whitehouse ISD’s forward-looking planners. They have maintained an aggressive building and upgrading program so there are now 4 elementary, 1 middle, and one high school to service a community of 8,000. One of the elementary school has received the National Blue-Ribbon Award for achieving academic excellence and the WISD Board of Trustees has been named Region 7’s Outstanding Board.
Young parents have found Whitehouse the ideal place to raise their children given the presence of Tyler only 7 miles away to provide shopping and access to high quality medical care. The average household income for those in the below 44 households is among the highest in the state of Texas outside of the metroplexes such as Dallas, Houston and Austin.
Economic stability brings the accumulation of modest wealth and assets for many residents. Unfortunately, it also brings bad actors who, through their misdeeds, can wrongfully take advantage of people who have trusted them.
One area of investing that seems to attract a lot of bad behavior by brokers or the issuers themselves in East Texas are Oil and Gas deals. The false promises and omitted facts in this area loom large over many failed investments. Even the most experienced and successful investors can be deceived by the overpromised and underdelivered results after those investors believed what they were told, placing significant investment dollars only to see nothing in return. But once again there are potential remedies under the Texas Securities Act. The Act establishes that these deals are considered securities and are subject to the same standards of registration, prohibition of fraud, suitability requirements, and fair dealing as any stock or bond registered for sale in Texas.
Have you lost more money in the stock market than you think you should have? If you are one of the 8,000 people living in Whitehouse, Texas or the additional 250,000 people living in Smith County 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.” 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 Bryan T. Forman explains the many different types of stockbroker and securities fraud and shows you what to look out for.
According to the FINRA/SEC registration website there are 6 stockbrokerage and investment advisory firms with offices in Whitehouse, TX. They are:
National Firms:
LPL Financial LLC 100 Horton Street Whitehouse, TX.
Edward Jones & Co. L.P. 1200 Highway 110 N, Suite B, Whitehouse, TX
Regional Firms:
Allstate Financial Services, LLC. 1116 Highway 110 N, Ste 100, Whitehouse, TX
Cambridge Investment Research, Inv., 418 Highway 110 N, Whitehouse, TX
Farmers Financial Solutions, LLC. 15632 Hwy 110 S. Ste# 9 Whitehouse, TX
Small (Boutique) Firms:
Gibson Wealth Advisors LLC. (no address provided) Whitehouse, TX
The Forman Law Firm, P.C.’s East Texas office is a short trip away from Whitehouse in nearby Tyler, Texas, about 10 miles away. 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 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 most 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 has been inducted into the Million Dollar Advocates Forum. He had also been honored to be named as a Super Lawyer for 2023 and is a member of the Texas Bar Foundation.
The firm’s East Texas office is located at 609 S. Fannin Avenue in Tyler and Mr. Forman and his staff are available in Tyler 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 from Whitehouse come up TX-110 N into midtown Tyler (name changes to S Beckham Ave.) Then take a left on E Houston St. and left on S. Fannin. Our office will be on your right.
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.