Derrick TrussellPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 16, 2019 indicate that former Texas-based PFS Investments broker Derrick Trussell has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Trussell (CRD# 5197550).

Derrick Trussell has spent ten years in the securities industry and was most recently registered with PFS Investments in San Antonio, Texas (2006-2017). He has no previous registrations. He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 23, 2006; SIE (Securities Industry Essentials Examination), which he obtained on May 25, 2017; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 9, 2006; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on March 17, 2012. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and four pending customer complaints, and he was discharge from his former employer in connection to alleged rule violations.

In March 2019 a customer alleged Derrick Trussell, while employed at PFS Investments, misrepresented investments not sold by the firm. The customer is seeking unspecified damages in the pending complaint.

In March 2019 a customer alleged Derrick Trussell, while employed at PFS Investments, misrepresented that she was investing her funds with the firm. The customer is seeking unspecified damages in the pending complaint.

In March 2019 a customer alleged Derrick Trussell, while employed at PFS Investments, executed an unauthorized trade. The customer is seeking unspecified damages in the pending complaint.

In March 2019 a customer alleged he, while employed at PFS Investments, made misrepresentations of material facts regarding investments not offered by the firm. The customer is seeking unspecified damages in the pending complaint.

In 2018 he was sanctioned by FINRA in connection to allegations he failed to respond to a request for information. He was barred from association with any FINRA member in any capacity.

In May 2017 he was terminated from his position at PFS Investments in connection to allegations he participated in an unapproved outside business activity and/or private securities transaction involving the purchase of securities that were not offered by the firm, using a customer’s funds and without their knowledge or consent.

If you or someone you know has lost money investing with Derrick Trussell, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.