Next Financial Group, Inc.—Failure to Apply Sales Charge Discounts

investors rights attorneysNext Financial Group, Inc. Allegedly Failed to Apply Sales Charge Discounts to 696 Eligible UIT Purchases Leading to Excessive Sales Charges of Approximately $192,089.54 for Customers

Next Financial Group, Inc. allegedly failed to apply sales charge discounts to 696 eligible UIT purchases resulting in customers paying excessive sales charges of approximately $192,089.54, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

The Peiffer Rosca Wolf securities lawyers are currently investigating broker-dealer sales of  UIT’s.

Next Financial Group, Inc. Censured and Fined $125, 000 by FINRA and Ordered Restitution of $216,150.04 for Failing to Apply Sales Charge Discounts to 696 Eligible UIT Purchases

Next Financial Group, Inc. was censured fined $125,000 by FINRA and ordered restitution in the amount of $216,150.04 for failure to apply sales charge discounts to UIT purchases, according to a FINRA AWC presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Next Financial has been a FINRA member since 1999 and is headquartered in Houston, Texas, and the firm is a general securities broker-dealer and currently has approximately 800 registered persons and 518 registered branch locations, the AWC notes.

One should also note that, according to the AWC, Next Financial Group, Inc. neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to apply sales charge discounts. They are currently investigating broker-dealer sales of UIT’s. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of broker-dealer sales of UIT’s may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1168 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.