NOTICE TO ALL NEXT FINANCIAL GROUP, INC. CLIENTS: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Launches Investigation for Failure to Supervise Excessive Trading and Unsuitable Trade Recommendations Resulting in Damages in Excess of $10 Million

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, launches an investigation against Next Financial Group, Inc. (“NEXT”) (CRD #46214) based on its failure to supervise for excessive trading, short-short term mutual fund trading, securities concentration, and elder abuse resulting in damages in excess of $10 million in a customer’s accounts.  The investigation centers around a FINRA arbitration claim K&T is preparing to file against NEXT for failure to supervise its broker in Corpus Christi, Texas.  NEXT was fined $750,000 in December of 2017 for failing to adequately supervise a broker during the same timeframe alleged (2014 and 2015), allowing excessive trading to occur in customer accounts. …

Heidi Marinka Wivolin - NEXT Financial Group

Our Law Firm is investigating NEXT Financial Group, Inc. in connection with the supervision of former NEXT Financial Registered Representative Heidi Marika Wivolin (CRD No. 2728779). Wivolin had been registered with NEXT from February 2009 through February 2014.  While registered with NEXT, Wivolin was based out of the firm’s Lake Worth, Florida office. Before working for NEXT Financial, Wivolin was registered with 1st Discount Brokerage, Inc., out of the firm’s Boynton Beach, Florida office, from October 2005 to December 2008. In February of 2014, Wivolin was discharged from NEXT. According to Wivolin’s BrokerCheck, “NEXT was investigating possible fraud on the…