Argentus Securities Closes Its Doors

Posted on January 31st, 2014 at 10:00 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Argentus Securities, a small independent broker-dealer in Dallas, soon will withdraw its registration with Finra to exit the business. Industry sources cite as reasons (for this and other firms) are the tight profit margin in the business, rising costs for technology and compliance.

In addition, on the revenue side, small broker-dealers such as Argentus don't command six- and seven-figure payments from product companies such as variable annuities issuers.

The holding company, Argentus Partners, will continue to run a turnkey asset management program that many of its representatives and financial advisers use.

Argentus Securities operates two registered investment advisers, Argentus Advisors and Argentus Capital Management, with as many as 90 registered reps and a combined $1.23 billion in assets under management. The number of reps now has dwindled to about 30.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services. 

Related Attorneys: James J. Eccleston


Return to Archive



You guys are good!

Mike L.


May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.


May 15, 2024
NFA Issues Order Against Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.