FINRA Sanctions & Allegations of Misconduct

According to his CRD Report, Richard Earl Cagle (CRD #2122648) of Hilltop Securities Independent Network, Inc. (CRD#:17587) in Corpus Christi, Texas, was barred from association with any FINRA member in all capacities and consented to the sanction and to the entry of findings that he refused to appear for and provide on-the-record testimony requested by FINRA after it commenced an investigation into whether he violated FINRA rules by making unsuitable investment recommendations and mismarking customer order tickets while associated with a member firm.

Richard Cagle has other complaints of wrongdoing reported on his regulatory file

The CRD Reports of Richard Earl Cagle includes the disclosure of two other complaints, which were settled for substantial amounts. These types of complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for themselves, at the expense of their clients.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased at Hilltop Securities Independent Network, Inc. through Richard Earl Cagle, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.