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Derrick R. Trussell formerly with PFS Investments, Inc. Has 4 Customer Complaints for Alleged Broker Misconduct in the Past 2 Years

Who is Derrick R. Trussell formerly with PFS Investments, Inc?

Derrick Trussell (CRD #5197550) who was formerly registered with PFS Investments, Inc. and located in San Antonio, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to PFS Investments, Inc., Derrick Trussell was associated with one other investment advisory and brokerage firm with a history of customer complaints and securities industry regulatory problems.

In May 2017, Derrick Trussell was terminated by PFS investments, Inc. after the firm received an allegation that the representative engaged in an unapproved outside business activity and/or an undisclosed private securities transactions in which a client’s funds were used to purchase securities not offered by the firm without the client’s knowledge or consent

In December 2018, Derrick Trussell allegedly failed to respond to a FINRA request for information and was suspended. Thereafter, he was automatically barred from Association with any FINRA member, in any capacity.  He is no longer working in the securities industry.

In May 2019, Derrick Trussell was charged with 13 counts of securities fraud, 2 counts of money laundering, and 7 counts of securing execution of documents by deception. The charges are pending in Texas state court.

PFS Investments, Inc. Broker Misconduct

In his career, Derrick Trussell has been the subject of 4 customer complaints that we know about, all of those complaints were filed in the last two years to recover investment losses. All of Derrick Trussell’s 4 customer complaints were settled by PFS Investments, Inc. in favor of investors.

Allegations Against Derrick Trussell

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The customer alleges that Derrick Trussell misrepresented investments not sold by Primerica.
  • The customer alleges that the representative misrepresented that she was investing money with Primerica.
  • The customer alleges that Derrick Trussell made an unauthorized trade.

Derrick Trussell Red Flags & Your Rights as An Investor

Of course, Derrick Trussell did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Derrick Trussell at PFS Investments, Inc. on alert to review carefully the activity and performance of their accounts and question whether Derrick Trussell has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at PFS Investments Inc. also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At PFS Investments, Inc.

If you have questions about PFS Investments Inc. and/or Derrick Trusselland the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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