JTA Securities Management dba Titan Securities Fined

Soreide Law Group obtained this information on the following firm from FINRA’s website under, “Disciplinary and Other FINRA Actions – August  2021.”
JTA Securities Management, Inc. dba Titan Securities (CRD #131392, Addison, Texas)
On June 8, 2021, FINRA issued an Acceptance, Waiver, and Consent (AWC) in which JTA Securities Management dba Titan Securities was censured and fined $20,000.
Without admitting or denying FINRA’s findings, JTA Securities dba Titan Securities consented to the sanctions and to the entry of findings that it allegedly assumed a registered representative’s disclosure related to a previously disclosed outside business activity (OBA) and failed to reasonably review the disclosure and evaluate whether the activity was properly characterized as an OBA or whether it should be treated as an outside securities activity.
FINRA’s findings stated that the representative disclosed to the firm that he allegedly intended to engage in the sale of a product, a structured cash flow investment that purchased pensions at a discount from pensioners and then sold a portion of those pensions as a pension stream to investors, away from the firm, for compensation, through a previously disclosed OBA.
The outside business activity approval form that the representative submitted allegedly described the activity and services or products offered as future income payments and structured cash flow and described the duties relating to the OBA as sale of structured cash flows. According to the FINRA report, the firm allegedly determined the disclosure related to the representative’s previously approved OBA without any investigation or inquiry into the product.
JTA Securities Management dba Titan Securities, according to FINRA, allegedly approved the representative’s participation in the sale of the product, and he sold $1,510,839.15 of the product to investors, most of which were firm clients.
(FINRA Case #2019061705101)
If you’ve experienced financial losses due to the actions or recommendations of JTA Securities Management, Inc. dba Titan Securities and/or any of their registered representatives, contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis, no fee to you if no recovery, and represents clients nationwide before FINRA.