securities america

Broker Hector May Investigated For Possible Ponzi Scheme And Defrauding Clients of $3.4M

September 11, 2018 | Silver Law Group

Hector May (CRD #323779) is a former registered broker and investment advisor, last employed with Securities America, Inc. (CRD #10205) of New York City. His previous employers include Prime Capital Services, Inc. (CRD #18334) of Poughkeepsie, NY, Equico Securities, Inc. (CRD #6627) and The Equitable Life Assurance Society Of The United States (CRD #4039) of New York City. He has been in the industry since 1973.

May has three disclosures filed this year. The first, on 03/08/2018, is an official criminal investigation by the US Department of Justice for a “suspected felony.” No additional information is available.

On 3/9/2018, May was discharged from Securities America due to “Misappropriation of client assets.”

Former California and Texas Broker Willard L. Golightly Under Investigation For Multiple Alleged Securities Violations

June 6, 2017 | Silver Law Group

Silver Law Group is investigating former Fresno, California- and San Antonio, Texas-based broker Willard L. Golightly (CRD# 4395250) after FINRA permanently barred him from engaging in certain activities in the securities industry.

According to Golightly’s FINRA BrokerCheck report, FINRA suspended Golightly in December 2016 after Golightly failed to comply with an arbitration award or settlement agreement or to respond to a FINRA inquiry. Including the suspension, Golightly has a litany of other disclosures on his FINRA BrokerCheck report.

In September 2015, FINRA barred Golightly for inappropriately concentrating his customers in low-priced securities and failed to respond to red flags. Golightly additionally failed to maintain and enforce his member firm’s written supervisory procedures.

Former Securities America Broker Judith Woodhouse Permanently Barred by FINRA

June 16, 2015 | Silver Law Group

Judith Woodhouse, a former broker at Securities America, was permanently barred by FINRA for association with any FINRA member in any capacity for failing to respond to FINRA’s request for information. Woodhouse worked for Securities America from December 2008 through February 2013 and then again from July 2013 through September 2014. It appears that she had a previous suspension in February 2013 for participating in private securities transactions away from her prior firm, EPlanning Securities in 2009. She was fired from Securities America in August 2014 for failure to follow firm policies and procedures relating to the borrowing of funds and relating to responding to supervisory requests.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.