Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 11, 2018 indicate that Texas-based Hilltop Securities Independent Network broker Walter Stallones, also known as Leighton Stallones, has been involved in a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Stallones (CRD# 433344).
Leighton Stallones has spent 49 years in the securities industry and has been registered with Hilltop Securities Independent Network in San Marcos, Texas since 2010. Previous registrations include Southwest Securities in Austin, Texas (2005-2010); Riverstone Wealth Management in Austin, Texas (2001-2005); First Union Securities in St. Louis, Missouri (1990-2001); Lovett Underwood Neuhaus & Webb (1988-1990); Boettcher & Company (1987-1988); Rauscher Pierce Refsnes (1986-1987); and EF Hutton & Company (1967-1986). He has passed six securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 26, 1982; Series 3 (National Commodity Futures Examination), which he obtained on September 19, 1995; Series 1 (Registered Representative Examination), which he obtained on December 18, 1967; Series 4 (Registered Options Principal Examination), which he obtained on July 13, 1979; Series 40 (Registered Principal Examination), which he obtained on May 27, 1977; and Series 12 (NYSE Branch Manager Examination), which he obtained on October 22, 1971. He is a registered broker with nine US states: Arizona, California, Colorado, Florida, Georgia, Louisiana, New Jersey, New Mexico, and Texas.
According to his BrokerCheck report, he has received five customer complaints and was discharged from a former employer in connection to alleged rule violations.
In 2013 a customer alleged Leighton Stallones, while employed at Southwest Securities, committed fraud, breached contract, breached his fiduciary duty, negligently misrepresented material facts, and made false statements. The complaint settled in 2017 for $765,000.
In 2010 a customer alleged Leighton Stallones, while employed at Southwest Securities, provided false financial information, committed fraud, aided and abetted violations of Texas securities law, misrepresented material facts, and engaged in civil conspiracy. The complaint settled in 2016 for $3,850,000.
In 2001 he was terminated from his position at First Union in connection to allegations he failed to adhere to electronic communications rules.
In 1997 a customer alleged Leighton Stallones, while employed at Everen Securities, made unsuitable investment recommendations, executed unauthorized trades, made excessive trades, and committed fraud. The complaint settled for $31,175.
In 1997 a customer alleged he, while employed at Everen Securities, breached contract, breached his fiduciary duty, recommended unsuitable investments, and omitted material facts. The complaint settled for $26,500.
In 1980 a customer alleged he, while employed at EF Hutton, provided bad advice. The complaint settled for $12,500.
If you or someone you know has a complaint regarding Leighton Stallones, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.