Dallas Securities Litigation Firm, LewinsLaw, PC, Receives Award for Client Against Hodges Capital Management, Craig Hodges, and First Dallas Securities

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Jul 18, 2018, 08:12 ET

DALLAS, July 18, 2018 /PRNewswire/ -- LewinsLaw's securities litigation client was awarded a significant sum by a FINRA Arbitration panel against Craig Hodges, Hodges' brokerage firm, and his investment advisory firm.

The claims stemmed from Hodges' investment advisory investing in aggressive, high-risk oil and gas related stocks and MLPs, that were contrary to the client's stated investment objectives and risk tolerance.

Richard Lewins has been selected on multiple occasions as one of the Best Lawyers in Dallas for Securities Litigation by D Magazine and Texas Monthly.

Hodges was paid an advisory fee to manage the investments on an individual basis, taking into account the client's particular objectives and risk tolerances. Instead, Hodges not only over concentrated the client's portfolios in one particular sector, oil & gas, but the investments within that sector were too aggressive. This was a breach of his fiduciary duty as an investment advisor.

"What is significant about this award is that even though the client was a high net worth individual with significant assets and the overall portfolio made money, the arbitrators correctly applied the rules and standards that govern investment advisors," said Richard Lewins of LewinsLaw. "Regardless of whether you're a sophisticated business person or a retired school teacher, the people that advise you on investments have a duty to make sure every recommendation is suitable for you and in your best interest, and if they fail in that duty you have a right to seek redress for their wrongdoing," Lewins added.

About LewinsLaw, PC
LewinsLaw, PC is dedicated to representing investors in their claims against brokerage firms and investment advisors. Richard Lewins, the firm's principal, has represented hundreds of clients throughout the country in arbitrations before the NASD/FINRA, NYSE, and AAA, and has recovered substantial amounts through Awards and settlement.

He has been a featured speaker and author in the area of securities and securities litigation for the American Association for Justice (f/k/a/ ATLA), State Bar of Texas, The University of Texas School of Law, Dallas Bar Association, the American Institute of Certified Public Accountants and the Financial Executives Institute. His opinions on securities-related topics are frequently sought by news organizations, and he has hosted a weekly radio show on investor's rights.

For more information, visit http://www.lewinslaw.com.

CONTACT: Richard Lewins, (972) 934-1313, [email protected].

SOURCE LewinsLaw, PC