- July 2, 2018
- Rhodes Securities
The Wolper Law Firm, P.A. is currently investigating claims against Jim Rhodes and Marilyn Zehntner, Financial Advisors at Rhodes Securities in Fort Worth, Texas. Jim Rhodes first entered the securities industry in 1975 and Marilyn Zehntner entered the securities industry in 2000.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Jim Rhodes and Marilyn Zehntner have had two (2) customer filed since 2017 where customers alleged unsuitable investment recommendations, including a recent settlement for $810,000.
https://brokercheck.finra.org/individual/summary/813870#disclosuresSection
https://brokercheck.finra.org/individual/summary/2645697#disclosuresSection
- September 2017—“Client alleges unsuitable investments, breach of fiduciary duty and failure to supervise.” Alleged damages are $250,000.
- January 2017—“Client alleges breach of fiduciary duty, negligence, and breach of contract.” The matter was settled for $810,000.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of Jim Rhodes, Marilyn Zehntner or Rhodes Securities and you experienced investment losses, please contact the Wolper Law Firm, P.A. at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyers who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. His industry insight, experience and knowledge gives his clients a competitive advantage.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]