Bradley Morgan Holts, Beaumont, TX – Former World Capital Brokerage Advisor: What Investors Need to Know
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Haselkorn & Thibaut, a national law firm focused on investment fraud, has opened an investigation into complaints and regulatory actions involving Bradley Morgan Holts, a former broker at World Capital Brokerage, Inc. in Denver, CO. If you invested with Mr. Holts and have questions regarding your account or possible losses, this is a crucial update for your financial well-being.
Who Is Bradley Morgan Holts?
Bradley Morgan Holts (CRD 5819398), also known as Brad Holts, was registered as a broker and investment adviser in several states before being barred by FINRA (the Financial Industry Regulatory Authority). His most recent affiliation was with World Capital Brokerage, Inc. (Denver, CO) from October 2020 to July 2021. Before that, Holts worked at several other firms, including Supreme Alliance LLC (Charlotte, NC), Capital One Investing, LLC (Houston, TX), Capital One Investment Services LLC (Beaumont, TX), and Edward Jones (Beaumont, TX).
| Advisor Name | Bradley Morgan Holts |
| CRD Number | 5819398 |
| Broker-Dealer | World Capital Brokerage, Inc. (Denver, CO) |
FINRA Bar and Regulatory Actions
Mr. Holts is currently barred from associating with any FINRA member firm. This permanent industry bar is one of the most serious sanctions a broker can face and typically results from grave violations including the misappropriation of client funds or the failure to cooperate with regulatory inquiries. In Holts’ case:
- FINRA Sanction (May 23, 2022): Holts was permanently barred from the industry due to allegations of misappropriation of customer funds and unauthorized discretionary trading. He was also fined $25,000 (paid) and ordered to provide restitution for unsatisfied arbitration awards.
- Effective November 1, 2021: FINRA barred Holts after he failed to respond to requests for information about his conduct (FINRA Case No. 2021071760601).
SEC Enforcement and Court Order
The United States Securities and Exchange Commission (“SEC”) filed a civil enforcement action against Mr. Holts in February 2023 (Case No. 1:23-cv-00081) in the Eastern District of Texas. The complaint alleged that between February and May 2021, Holts misappropriated $186,382 from three elderly investors by falsely claiming those funds would be invested in Invesco mutual funds. After Holts did not defend himself in court, the court entered final judgment by default on October 11, 2023:
- Permanently enjoined from violating securities laws.
- Ordered to pay $186,382 in disgorgement (return of money), plus $18,005.31 in prejudgment interest.
- Ordered to pay a $186,382 civil penalty.
Customer Complaints and Arbitration Filings
Several customers have taken action to recover their losses from accounts handled by Bradley Morgan Holts. Below is a summary of all publicly disclosed customer complaints, arbitrations, and regulatory matters as of June 2024:
Customer Arbitration/Complaint History
- Arbitration #1 (Filed January 14, 2022):
- Allegations: Unauthorized trading, churning, failure to follow instructions
- Relief Sought: $120,000 plus interest
- Award: $90,000 plus interest paid to claimants (paid by the firm’s insurance)
- Arbitration #2 (Filed March 3, 2022):
- Claimant: Smith Family Trust
- Allegations: Unsuitable investments, excessive fees, negligent misrepresentation
- Relief Sought: $75,000
- Resolution: Settled for $50,000 (confidential settlement agreement)
- Customer Complaint (State Regulator – Colorado Division of Securities) (Filed June 10, 2021):
- Allegations: Failure to supervise, misrepresentation of products
- Disposition: Closed with a cautionary letter to the broker-dealer; no fine against Holts individually
Red Flags for Investors
- Multiple regulatory actions, including a permanent bar by FINRA
- SEC enforcement action and significant monetary penalties for misappropriation
- At least two customer arbitrations resulting in awards or settlements
- Failure to respond to regulatory inquiries, which is a serious violation
- Alleged theft and misappropriation of customer funds involving elderly clients
These are substantial warning signs for any investor. If your advisor has faced regulatory bars, customer complaints, or SEC action, it is essential to review your account activity. If your broker is barred, they are no longer allowed to provide investment advice or handle brokerage accounts.
How Can Investors Recover Losses?
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national securities fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients. If you lost money investing with Bradley Morgan Holts, you may have options to pursue a claim through FINRA Arbitration or in some cases, state securities regulators. Most cases are handled on a no recovery, no fee basis.
- Free Consultation: There is no obligation and no cost for an initial review of your portfolio or account statements.
- Proven Track Record: Haselkorn & Thibaut’s attorneys have successfully recovered millions of dollars for investors across the country.
- Personalized Attention: You’ll speak directly with an experienced investment fraud attorney.
Take Action Now
If you have questions about your investments with Bradley Morgan Holts or believe you may have been a victim of unauthorized trading, misappropriation, or other advisor misconduct, call Haselkorn & Thibaut now at 1-888-994-8066 for a FREE consultation. Don’t wait for additional issues—get the information and guidance you need from a team that puts investors first.
Remember: Regulatory and complaint records can be updated over time. Always review your advisor’s profile on FINRA’s BrokerCheck for the most current details. For Bradley Morgan Holts (CRD 5819398), a concerning pattern of complaints and regulatory findings has been established.
Protect your financial future. Reach out to Haselkorn & Thibaut at 1-888-994-8066 — No recovery, no fee.
