M Holdings Securities Fined $135,000 for Supervisory Failures

M Holdings Securities, a securities brokerage firm based out of Portland, Oregon, was recently fined $135,000 for supervisory failures.  FINRA (the Financial Industry Regulatory Authority) found that between December 2013 and June 2015, M Holdings Securities had supervisory missteps, including that it: a) failed to adequately monitor the use of consolidated reports by 405 of its representatives; and b) failed to reasonably supervise a representative’s sales of limited partnership interests in commercial real estate.

It was alleged that a representative identified only as “MS” disclosed an interest to sell these limited partnerships to M Holdings Securities in June 2015.  M Holdings Securities approved MS’s ability to sell these, and the broker ended up selling over $18 million in limited partnership interests.

Brokerage firms like M Holdings 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 Vancouver, Washington; Seattle, Washington; and Denver.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the Portland area.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view:  M Holdings Securities FINRA AWC

If you lost money with M Holdings Securities, please CONTACT US at 720-599-3505 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.