Austin Investor Wins $2.8 Million in
Arbitration on Claims Under
The Texas Securities Act
Arbitration on Claims Under
The Texas Securities Act
The Texas Hill Country
Texas Hill Country
The Texas Hill County is a region within the state that encompasses 25 counties, 3 major rivers, over 5 caverns open to the public for walkthroughs and at least 5 lakes which were created during the 1930’s as part of a project to bring sustainable water table for agriculture, hydro-electric power to the area residents and provide countless sources of water related recreation to tens of thousands each year.
Given the explosive growth in population and residential housing prices seen throughout Texas, especially in Travis and Williamson counties in the 2018-2021 period, small towns such as Marble Falls, Horseshoe Bay, Granite Shoals and Kerrville have seen inflows of affluent new residents including ex-Austinites, tech industry leaders who allow employees to work from home and retirees from other regions in Texas. What once was a quiet area of vineyards and sightseers in Fredricksburg and Johnson City now have a much more urban-chic vibe.
Unfortunately, this “imported” wealth has begun to attract bad actors both at established broker dealers and fly by night self-proclaimed “investment geniuses” making outlandish promises of massive returns and guarantees of principal protection if you place funds with them.
Here is a list of some of the stockbrokers and investment advisors with offices in the Texas Hill Country:
| National Firms | Regional Firms | Small (Boutique) Firms |
| UBS Financial Services Inc. 312 Matern Court Horseshoe Bay, TX 78657 | Multi-Bank Securities, Inc. 1811-A Hwy 281 N Suite #1 Marble Falls, TX | LPL Financial LLC 2401 Highway 281 North Marble Falls, TX 78654 |
| NYLife Securities LLC 22511 Maidengrass Lane Meadowlakes, TX 78645 | Raymond James Financial Services, Inc 107- A Avenue N Marble Falls, TX 78654 | Edward Jones 1406 E main St Suite 100 Fredricksburg, TX 78624 |
| J.P. Morgan Securities LLC 651 N US Hwy 183 Bldg. D Leander TX 78641 | Gradient Securities, LLC 22028 Cross Timbers Bend Lago Vista, TX 78645 | |
| Wells Fargo Advisors Financial Network, LLC 9017 W State Hwy 29 #210 Liberty Hill, TX 78642 | Securities Management & Research, Inc. 211 Ranch Road 620 #220 Lakeway, TX 78734 | |
| John Hancock Distributors LLC 900 Old Mill Road #31 Cedar Park, TX 78613 | Momentum Independent Network, Inc. 8297 Miller Creek Loop Johnson City, TX 78636 | |
| State Farm Investment Management Corp. 210 E. Austin Street Fredricksburg TX 78624 | Titleist Capital, LLC 2400-B W Hwy 290 #5 Dripping Springs, TX 78620 | |
| Hilltop Securities Inc. 813 Dogwood Lane Fredricksburg TX 78624 |
The Forman Law Firm, P.C. and its founder, Bryan T. Forman, are highly experienced in securities law and the arbitration and litigation process that are the pathway to potential recovery of funds lost to investment fraud or negligent management by an investment adviser.
Many folks do not realize they have been victims of securities fraud. The person they placed their trust and their hard-earned money with will simply say “That’s just how the markets work”. In reality, that broker or advisor may have misled you with false promises, or omitted information that might have raised questions in your mind whether to take their advice or not, each of which constitute violations of the Texas Securities Act. You can refer to the Practice Areas shown on this page or the FAQ’s page on this website to review different types of securities fraud.
One area of investing that seems to attract a lot of bad behavior by brokers or the issuers themselves 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.
Sometimes, investors will lose money unnecessarily, not through bad intentions, but negligence. An Investment Advisor has a fiduciary duty to put your best interests ahead of any other factor when investing your money. When you create your account, you should stipulate the levels of risk and volatility the advisor must maintain in the account. If the Advisor fails to adhere to your written instructions and you lose money they have breached their fiduciary duties, and they should be held liable for losses and damages.
If you are managing your own funds and you give your broker instructions to buy or sell a security and he or she fails to promptly enter the order or makes an error on the order that costs you money, they have also violated securities regulations. In most states it would be deemed a violation of the broker’s fiduciary duties that exist from the point at which you place the order until the time it is executed correctly.
Anyone can be a victim of fraudulent statements or a failure to disclose material facts. If you feel you have been a victim of investment fraud, a breach of your fiduciaries duties, or just negligent advice, please contact our office at 512-306-8188 or complete our website’s contact form for a free, confidential review of your situation.