Sandlapper Securities, Trevor Gordon, Jack Bixler, and Saltwater Disposal Well Facilities
Have you lost money investing in saltwater disposal well facilities through Sandlapper Securities? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Sandlapper Securities, and its CEO Trevor Gordon and its President of the Capital Markets Division, Jack Bixler. FINRA alleged that Sandlapper Securities sold investments in saltwater disposal well facilities at excessive markups, which is alleged to have totaled $8 million.
FINRA alleged that Gordon, Bixler, and two other representatives of Sandlapper formed a fund to invest in saltwater disposal wells. FINRA further alleged that Sandlapper, Gordon, and Bixler extracted ill-gotten profits from the fund for themselves. Furthermore, FINRA alleged that Gordon and Bixler set up a development company between the fund and the best available market for two wells. Gordon and Bixler allegedly used their development company to purchase interests in these wells and then sell them to the fund for undisclosed markups of between 161 and 270 percent. FINRA alleged that Gordon and Bixler violated their fiduciary duties to the fund by charging the excessive markups and not disclosing such to investors.
Trevor Gordon is a registered representative of 2006 to the present. He works at a branch office in Greenville, South Carolina.
Jack Bixler is a registered representative of Sandlapper Securities from 2006 to the present. He works in the Greenville, South Carolina branch office.
Brokerage firms like Sandlapper Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in South Carolina. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Gordon, Trevor BrokerCheck 10.2.17
Click to view: Bixler, Jack BrokerCheck 10.2.17
Click to view: Sandlapper, Gordon, Bixler FINRA Complaint
If you lost money in saltwater disposal wells through Sandlapper Securities, please CONTACT US at 206-795-5798 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.