Phoenix Broker Barred by FINRA for Misapproriation of Funds

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.”

Huel Cox Jr. (CRD #1638341, Registered Principal, Phoenix, Arizona)

was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Cox consented to the described sanction and to the entry of findings that he solicited a friend, who was also a customer of his member firm, to make various investments in real estate and a casino. The customer agreed to make the investments and, over a period of years, wrote personal checks payable to Cox for the purported investments.

FINRA's findings stated that Cox did not make any of the promised real estate investments for the customer but, instead, misappropriated at least $206,398.89 of the customer’s funds for his own personal use without the customer’s authorization. (FINRA Case #2011029621801)

According to FINRA's BrokerCheck, Huel Cox was previously registered with FINRA at the following brokerage firms:

PFS INVESTMENTS INC.
CRD# 10111
PHOENIX, AZ
05/1987 - 11/2011

This ends the information obtained from FINRA’s website.

Soreide Law Group represents clients nationwide before FINRA. If you have sustained investment losses due to your stock broker/financial advisor’s recommendations, call for a free consultation with an attorney on how to potentially recover those losses: 888-760-6552.