Next Financial Group Accused Of Unauthorized Trading

pennies - Next Financial Group Accused Of Unauthorized Trading

Harold Mandell (also known as Hal Mandell) of San Antonio Texas a stockbroker formerly registered with Next Financial Group Inc. is the subject of a customer initiated investment related written complaint which was settled for $17,500.00 on June 20, 2019 based upon allegations that (1) Mandell executed speculative and aggressive trades in the customer’s account without the customer’s knowledge or consent (2) Mandell neglected to inform the customer about drastic losses incurred by the customer when Mandell was associated with Next Financial Group Inc.

This is not the first time that Mandell has been subject of a customer dispute from an investor. FINRA Public Disclosure additionally confirms that a customer filed an investment related complaint concerning Mandell’s conduct where the customer requested $59,932.00 in damages supported by accusations that the customer’s mutual fund investment instructions had been disregarded by Mandell during the time that he was associated with Ameriprise Financial Services Inc.

Mandell’s registration with Next Financial Group Inc. has been terminated as of July 31, 2019. Since July 30, 2019, Mandell has been registered with M.E. Allison Co. Inc.