Current Investigations

FINRA Charges Broker David Randall Lockey of SWS Financial Services, Now Known As Hilltop Securities With Unsuitable Short-Term Trading


Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against stockbroker David Randall Lockey, formerly registered with SWS Financial Services, now known as Hilltop Securities Independent Network Inc.

On March 30, 2016, FINRA’s Department of Enforcement filed a complaint alleging that Mr. Lockey “engaged in unsuitable short-term trading and switching in” mutual funds and unit investment trusts in customer accounts between May 2012 and March 2014.

If you or someone you know has a complaint or lost money investing with David Randall Lockey, SWS Financial Services, or Hilltop Securities Independent Network Inc. you may be able to recover your losses through securities arbitration. The attorneys at CMD are experienced in representing investors in churning, suitability, fraud and failure to supervise actions against brokers and brokerage firms. CMD accepts cases on a contingency fee basis, which means we only get paid if you get paid. Your time to file a claim may be limited, so contact us today at (212) 658-0458 or for a free and confidential case evaluation.

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