Randy Cox: $100K Complaint Against Cox Financial, Ex-FSC Advisor

A recent investor complaint against Hudson Oaks, Texas financial advisor Randy Cox (CRD# 2544998) alleges that he recommended an unsuitable alternative investment. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Osaic Wealth, doing business as Cox Financial Group.

Mr. Cox’s BrokerCheck report discloses two investor complaints. Filed in November 2023, it alleges that as a representative of FSC Securities Corporation, he sold an unsuitable alternative investment. The pending complaint alleges damages of $100,000.

An earlier investor complaint, filed in 2012, alleged that as an FSC Securities representative, he violated Texas securities law and FINRA rules in connection with oil and gas, real estate, and other investments. In 2014 the complaint reached a settlement of $100,000. In a statement included with the complaint’s disclosure, Mr. Cox pushed back against the allegations, writing: “FSC and I consider this claim to be without any merit, and we intend to contest these allegations vigorously.” He added that his firm “made a business decision to settle this claim solely to avoid the cost and uncertainty of arbitration.”

According to the Financial Industry Regulatory Authority, Randy Cox holds 29 years of securities industry experience. Based in Hudson Oaks, Texas, he has been a broker and an investment advisor with Osaic Wealth since November 2023, doing business as Cox Financial Group. His past registrations include FSC Securities Corporation (Hudson Oaks, Texas; 1994-2023) and Cox-Springer Financial Advisors (Weatherford, Texas; 2006-2010). His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Colorado, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Michigan, Missouri, Nevada, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin. (Information current as of January 2, 2024.)

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