Troy Perkins: $125K Oil & Gas Complaint Against Concourse Advisor

The Woodlands, Texas financial advisor Troy Perkins (CRD# 4337530) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Concourse Financial Group Securities, doing business as Perkins Financial.

Mr. Perkins’ BrokerCheck report discloses two investor complaints. The most recent, filed in June 2023, alleges that as a representative of Lincoln Financial Securities Corporation, he “recommended various unsuitable non-conventional investments” in oil and gas products. The pending complaint alleges damages of $125,000.

An earlier investor complaint, filed in 2008, alleged that as a representative of Wachovia Securities, he made an unauthorized purchase of auction rate securities. The complaint reached a settlement involving the firm’s repurchase of the securities at par value, for $250,000. A statement included with the complaint’s disclosure asserts that Mr. Perkins “did not cause, contribute or have any control whatsoever over these market events” that led to “widespread auction failures and illiquidity.”

According to the Financial Industry Regulatory Authority, Troy Perkins holds 22 years of securities industry experience. Based in The Woodlands, Texas, he has been a broker and an investment advisor with Concourse Financial Group Securities since 2017, doing business as Perkins Financial. His past registrations include Lincoln Financial Securities Corporation (The Woodlands, Texas; 2009-2017), Wells Fargo Advisors (The Woodlands, Texas; 2008-2009), and AG Edwards & Sons (The Woodlands, Texas; 2001-2008). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Louisiana, Minnesota, Nevada, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, and Washington. (Information current as of July 9, 2023.)

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