Call Now For a Free Consultation:
(614) 502-6165

NEXT Financial Group

Consult with Our Legal Team
There is never a cost associated with a consultation

Brokerage Firms
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

NEXT Financial Group

Our Investment Law Attorneys Uphold Your Rights

NEXT Financial Group is an independent broker-dealer providing investment services focused on retirees and baby boomers. NEXT Financial, operating as a subsidiary of NEXT Financial Holdings, Inc., is entirely owned and managed by its representatives and employees. Founded in 1998, NEXT Financial is headquartered in Houston, TX. In 2009, the company was fined $1 million by FINRA for its failure to properly supervise a number of client accounts and over 100 branch managers.

High Amount of Disciplinary Fines in Recent Years

In the last two years, NEXT Financial has been burdened with large fines by the Financial Regulatory Authority (FINRA) for various reasons, all of which should seem problematic to a potential or current investor. In 2013, for example, they were fined $250,000 for failing to retain/monitor correspondence between brokers and investors. Email retention is vital for accountability purposes; as most interaction between representatives and clients is electronic, emails are often the clearest and strongest way that firms and regulatory bodies can oversee and investigate fraudulent or negligent transactions and habits.

In 2014, two separate disciplinary fines were levied against NEXT Financial. One fine amounted to $88,000 for failing to supervise brokers effectively. The second fine, which amounted to $265,000, was for trading agency securities at “unfair or unreasonable” prices. At its heart, this was a fine for being dishonest. In addition to the punitive fine, FINRA required NEXT to pay $177,000 to the investor they had defrauded.

Helping Recover Losses Caused by Investment Misconduct

As a FINRA-licensed firm, NEXT Financial Group has a legal obligation to supervise their brokers and provide transparent, accurate records of their activities. Both of these measures are necessary for a healthy, equitable financial industry. If an unethical broker is unsupervised, they will eventually cause their clients significant losses. For this reason, FINRA has made NEXT Financial legally liable for any damages caused by their brokers. That means you have the right to file a claim against NEXT Financial for the negligence of their representatives, even if that representative no longer works for NEXT Financial Group.

Meyer Wilson investment fraud attorneys have the experience and skill to help you reclaim your financial assets. We recovered $350 million for our clients. No matter the size or history of the investment firm, we can make sure your voice is heard in court, arbitration, or negotiation of any kind. While FINRA allows you the right to file claims against negligent firms, it’s our role as investment fraud lawyers to help you bring those claims to bear, recovering what is rightfully yours and bringing justice to negligent behavior.

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram