{"id":1745,"date":"2015-11-16T19:46:33","date_gmt":"2015-11-16T19:46:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/11\/southwest_securities_found_lia"},"modified":"2022-03-22T14:29:07","modified_gmt":"2022-03-22T19:29:07","slug":"southwest-securities-found-lia","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/southwest-securities-found-lia\/","title":{"rendered":"Southwest Securities Found Liable for $5.45M in Texas Investment Fraud"},"content":{"rendered":"<p>\t\t\t\tA Dallas jury says that Southwest Securities Inc., which is a broker-dealer owned by  PlainsCapital subsidiary Hilltop Holdings, and broker Leighton Stallones are liable for statutory fraud, fraud, and conspiracy and violation of securities laws related to a 2007 real estate scam. Now, the firm must pay two investors, SSST Riviera Investments Ltd. and Gerritsen Beach Investments Ltd., more than $5.45M in the <a href=\"https:\/\/texas.stockbroker-fraud.com\">Texas securities case<\/a>-$2.9M and $2.55M, respectively.<\/p>\n<p>According to the two entities, Stallones assisted developer Stephen Jemal in concealing the scheme by lying about how his brokerage accounts were doing. Jemal is accused of modifying account records to make it seem as if he had millions of dollars when some of his accounts held under $1,000.<br \/>\n <a href=\"https:\/\/www.investorlawyers.com\/blog\/southwest-securities-found-lia\/#more-1745\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Dallas jury says that Southwest Securities Inc., which is a broker-dealer owned by PlainsCapital subsidiary Hilltop Holdings, and broker Leighton Stallones are liable for statutory fraud, fraud, and conspiracy and violation of securities laws related to a 2007 real estate scam. Now, the firm must pay two investors, SSST Riviera Investments Ltd. and Gerritsen [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3750],"tags":[],"class_list":["post-1745","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Southwest Securities Found Liable for $5.45M in Texas Investment Fraud &#8212; Investor Lawyers Blog &#8212; November 16, 2015<\/title>\n<meta name=\"description\" content=\"A Dallas jury says that Southwest Securities Inc., which is a broker-dealer owned by PlainsCapital subsidiary Hilltop Holdings, and broker Leighton &#8212; November 16, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/southwest-securities-found-lia\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Southwest Securities Found Liable for $5.45M in Texas Investment Fraud &#8212; 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