Tracy Spaeth

Tracy Spaeth, a former investment adviser representative in Lubbock, pleaded no contest to the sale of unregistered securities on Dec. 4, 2014, in Lubbock County State District Court. Spaeth’s sentence was suspended and he was placed on eight years of community supervision. The Texas Securities Commissioner entered a Disciplinary Order in 2013 that suspended Tracy Spaeth for two years and ordered him to complete restitution payments to clients.

Tracy Spaeth’s registration and disciplinary history

Tracy Spaeth was registered with the following firms

07/2009 – 12/2010
BROKERSXPRESS LLC (CRD# 127081) – LUBBOCK, TX
11/1999 – 07/2009
LPL FINANCIAL CORPORATION (CRD# 6413) – LUBBOCK, TX
07/2009 – 07/2009
BROKERSXPRESS LLC (CRD# 127081) – CHICAGO, IL
03/1998 – 12/1999
DAIN RAUSCHER INCORPORATED (CRD# 31194) – NEW YORK, NY
01/1998 – 03/1998
DAIN RAUSCHER INCORPORATED (CRD# 7600)
11/1994 – 01/1998
RAUSCHER PIERCE REFSNES, INC. (CRD# 6663) – DALLAS, TX
10/1989 – 11/1994
EDWARD D. JONES & CO., L.P. (CRD# 250) – ST. LOUIS, MO

According to FINRA’s CRD disclosure report, Tracy Spaeth has been the subject of two customer complaints and four regulatory investigations.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery and our securities attorneys have successfully resolved over 1000 investment loss cases over the past 20 years. Recoveries for clients top $40 million. The types of claims we have successfully handled include those involving unsuitable investments (suitability claims), excessive trading or “churning”, misrepresentations and omissions, unauthorized trading, over-concentration of illiquid or overly risky investments, pump and dump scams involving “penny stocks”, direct participation programs (private placements) involving real estate investment trusts (REITS), oil and gas exploration programs, leasing equipment deals and receivable financing, promissory notes whether sold through a broker dealer or as part of the outside business activities of a registered representative, ponzi scheme losses, failure on the part of the broker dealer to perform due diligence, state securities law (blue sky) violations and failure to supervise.

Investment losses can be recovered through a process known as FINRA arbitration. FINRA regulates broker dealers that sell investments, and provides an arbitration forum to resolve investor disputes. Investors can pursue claims against their brokerage firms in the FINRA arbitration forum. Common claims in the forum are those for suitability, breach of fiduciary duty, misrepresentations and omissions, negligence, violation of FINRA rules, state and federal securities laws violations, elder abuse, breach of contract and failure to supervise. On average, the recovery process takes approximately a year, from start to finish.

FINRA’s rules require that all investment recommendations made by licensed financial advisors be suitable in light of a customer’s needs, objectives and risk tolerance. In addition, all registered representatives are required to be properly supervised, with periodic inspections and reviews by qualified supervisors, whose job it is to vigorously investigate suspicions of wrongdoing (red flags).

If you have suffered investment losses please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation