Texarkana, TX

Texarkana, TX is a Texas city that straddles the state line with Arkansas and is considered to be the Gateway to Texas. Combining the population of the Texas and Arkansas sectors of the city the combined populations are over 65,000 and the metropolitan areas on both sides of the state line total almost 150,000. The city’s name is a combination of the three states whose borders come together in the area: Tex(as) Ark(ansas)and (Louisi)ana.

In the pre-Civil War expansion westward, the railroads dictated the most feasible routes of travel. After the war, railroads were incentivized to do even more as the “great migration” had begun.

At first passengers and freight would be brought by rail to the banks of the Red River where they would be transferred by a ferry from Texarkana to Fulton, AR (or vice versa) and embarked on another train. By 1873 and 1874 entrepreneurs had started building infrastructure including hotels and restaurants and in early March of 1874 a bridge crossing the river was opened. Businessmen now had direct travel to St. Louis and settlers headed west could begin their journey towards west Texas and beyond. The hotel McCartney still stands on the Texas side of the borderline and across the street, today’s Union Station straddles the state line with half on the Texas side and the other half in Arkansas.

The economy of the area remains robust and diversified. The largest area employer is the US Army, who operated the Red River Army Depot. Christus Medical Center and Cooper Tire & Rubber are the #2 and #3 firms in the area. Combined they employ over 6,000 people directly and support many other regional contractors and subcontractors.

The most affluent area of Texarkana is Pleasant Grove where the median family income is reported to be at or more than $100,000.00.  

Many notable people come from the Texarkana area but none more famous than H. Ross Perot. His business acumen and political efforts are somewhat legendary, but his philanthropy and community support were equally worthy of admiration. Through his efforts many of Texarkana’s historic structures have been or are being restored. The National Endowment for the Arts recently awarded Texarkana with a $100,000 grant to assist those efforts, and the city has been on the list of “America’s 50 nicest places to live” for the last 8 years.

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 150,000 people living in Texarkana, TX, Bowie County TX, Texarkana, AR or Miller County, AR 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 18 stockbrokerage and investment advisory firms with offices in Texarkana, TX. They are:

National Firms:

 Raymond James Financial Services 2403 Moore’s Lane Texarkana, TX

                                                      5802 Summerfield Dr. Texarkana, TX

                                                           2315 Moore’s Lane Texarkana, TX

Edward Jones & Co. L.P.  5011 W. Park Blvd. Texarkana, TX

                                                        5517 Plaza Drive, Texarkana, TX

                                                        4115 N. Kings Highway, Texarkana, TX

                                                        4221 Jefferson Avenue, Texarkana, TX

Wells Fargo Advisors 2317 Richmond Rd. Texarkana, TX

LPL Financial, LLC. 3000 New Boston Rd. Texarkana, TX

Equitable Advisors, LLC 1421 Pine Street, Texarkana, TX

Regional Firms:

Osaic Wealth, Inc. 4122 Texas Blvd., Texarkana, TX, TX

O.N. Investment Management Co. 1919 Moore’s Lane, Texarkana, TX

Potomac Fund Management (no address shown) Texarkana, TX

State Farm Investment Management Corp. 4807 Texas Blvd. Texarkana, TX

Wealth Management 1208 Pine St. Texarkana, TX

Voya Financial Advisors, Inc. 350 E. Greenfield, Wake Village, TX

Cetera Investment Advisors, LLC 2000 Richmond Road, Texarkana TX

Farmers Financial Solutions, LLC. 5502 Cowhorn Creek Rd. Suite C, Texarkana, TX

Planmember Securities Corp. 5403 Plaza Drive, Texarkana, TX

Small (Boutique) Firms:

Floyd Capital Management 6004 Summerfield Dr. Suite A Texarkana TX.

Mustard Seed Wealth Management 5329 Summerhill Road, Texarkana, TX

Strategic Financial Concepts, LLC 4203 Richmond Place, Texarkana, TX

Garrett Investment Advisory Services, LLC. (no address shown) Texarkana, TX

Corvum Investment Management (no address shown) Texarkana TX

The Forman Law Firm, P.C.’s East Texas office is a little over 2 hours driving time away from Texarkana in Tyler, Texas, about 110 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 most 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 Texarkana come down US-59 to SH-155 S then take a right on E Houston St. and a 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.