Securities Arbitration Lawyers BlogDid You Lose Money Investing With Stewart Ginn Of Independent Financial Group, LLC?
![Stewart Ginn (a/k/a Stewart Taylor or Paxton Ginn Jr.), who is the owner of Paxton Financial Services, has been a broker Independent Financial Group, LLC since 2015. In 2023 Ginn was suspended by FINRA after FINRA found that Ginn “excessively traded five customers’ accounts” even though “[n]one of the five customers was an aggressive investor” and “three of the customers were retired seniors,” resulting in millions of dollars in losses.
According to the Financial Industry Regulatory Authority (FINRA), such misconduct violated FINRA Rules and Regulation Best Interest.
As a result, Ginn was suspended from acting as a FINRA broker for 18 months, was fined $50,000, and was ordered to pay restitution of $115,000 plus interest.](https://www.silverlaw.com/blog/wp-content/uploads/2025/08/Blog-Graphics15.png)
Stewart Ginn (a/k/a Stewart Taylor or Paxton Ginn Jr.), who is the owner of Paxton Financial Services, has been a broker Independent Financial Group, LLC since 2015. In 2023 Ginn was suspended by FINRA after FINRA found that Ginn “excessively traded five customers’ accounts” even though “[n]one of the five customers was an aggressive investor” and “three of the customers were retired seniors,” resulting in millions of dollars in losses.
According to the Financial Industry Regulatory Authority (FINRA), such misconduct violated FINRA Rules and Regulation Best Interest.
As a result, Ginn was suspended from acting as a FINRA broker for 18 months, was fined $50,000, and was ordered to pay restitution of $115,000 plus interest.
Ginn’s Record Reflects Five Recent Customer Disputes
According to Ginn’s FINRA BrokerCheck Report, Ginn was the subject of five recent customer disputes alleging, amongst other things:
- Excessive commissions
- Unsuitable investments
- Sales in customer accounts that resulted in large tax liabilities
- Poor investment performance
Ginn’s brokerage firm at the time of each of these complaints, Independent Financial Group, LLC, paid between $122,500 and $1,100,000 to each investor to settle the disputes.
You May Be Entitled To Compensation If “Churning” Occurred In Your Investment Accounts
“Churning” occurs when a broker engages in frequent trading designed to generate more commissions and fees that may not be in the best interest of the customer. Churning may also result in substantial tax liabilities from frequent sales of securities.
FINRA and SEC rules and regulations require brokers to act in their clients’ best interest and have a reasonable basis that a recommended investment will be beneficial for the customer based on their investment objectives, liquidity needs, tax status, and risk tolerance, amongst other factors.
Did Ginn, Paxton Financial Services, And/Or Independent Financial Group, LLC Churn Or Mismanage Your Accounts?
Silver Law Group represents investors in securities and investment fraud cases nationwide. Our lawyers are experienced in handling churning cases and most cases are handed on a contingency fee basis, meaning you don’t owe us any money unless we recover money for you.
If you have any questions about how your account has been handled, contact us today at (800) 975-4345 for a confidential consultation.