Stoltmann Law Offices is investigating Lizabeth Ty, a broker with Park Avenue Securities in Houston, Texas. Yy has three pending customer complaints according to her online, public Financial Industry Regulatory Authority (FINRA) BrokerCheck report. FINRA filed a complaint against Ty investigating the circumstances of the sale of unregistered securities. Ty has three pending customer complaints regarding the sale of promissory notes outside of her brokerage firm. This is also referred to as “selling away,” and is a tactic used by brokers to generate large commissions for themselves, without having to share the commissions with their member firm.
Ty was registered with Ameritas Investment Corp in Lincoln, Nebraska from February 2004 until April 2004, Brookstreet Securities Corp in San Juan Capistrano, California from April 2004 until November 2004 and Park Avenue Securities in Houston, Texas from January 2006 until July 2015. She has three customer disputes against her, all of which are currently pending. She is not licensed within the industry and has FINRA has permanently barred her from acting as a broker or otherwise associating with firms that sell securities to the public.
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