# FIRST DALLAS SECURITIES, INC.

FIRST DALLAS SECURITIES, INC. of DALLAS, TX is an SEC-registered investment adviser. This firm reports disciplinary history on Form ADV.

## Registration

- CRD: 24549
- Type: SEC-registered investment adviser
- SEC file number: 801-66208
- Location: 2905 MAPLE AVE., DALLAS, TX, 75201
- Phone: 214-954-1177
- Latest filing: 2025-10-31
- Regulatory AUM: $335.7M
- Discretionary AUM: $335.7M
- Clients: 20
- Accounts: 266

## Business model

- Compensation: Commissions
- Clients served: High net worth

## Officers, owners & control persons (25)

| Name | Role | Location |
| --- | --- | --- |
| Craig Donaldson Hodges | PRESIDENT; TRUSTEE | — |
| Clark Brown Hodges | TRUSTEE | — |
| Gary Mack Bradshaw | MUNI PRINCIPAL | — |
| Charmagne Marie Darabadey | CHIEF COMPLIANCE OFFICER | — |
| Stanley Glen Iii Hays | FINOP | — |
| BROWN SCOTT RICHARD | SENIOR VICE PRESIDENT | — |
| MARSHALL WILLIAM JAY | VICE PRESIDENT; VICE PRESIDENT/RESEARCH PRINCIPAL | — |
| HODGES DONALD WAYNE | CFO; CHAIRMAN; CHAIRMAN, FINOP, CFO, CEO (+2 more) | — |
| GARVIN KATHRYN WILLIAMS | SECRETARY | — |
| HODGES CRAIG DONALDSON | CEO; CEO, PRESIDENT; MEMBER (+4 more) | — |
| HAYS CAMILLE HODGES | EXECUTIVE VICE PRESIDENT/COO; EXECUTIVE VICE PRESIDENT/COO/CCO; EXECUTIVE VICE PRESIDENT/COO/CHIEF COMPLIANCE OFFICER (+5 more) | — |
| BRADSHAW GARY MACK | MUNI PRINCIPAL; SENIOR VICE PRESIDENT | — |
| KERCH ROBERT LEO JR | CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER/ROP; CHIEF COMPLIANCE OFFICER/ROP/FINOP (+1 more) | — |
| HODGES CLARK BROWN | MEMBER; PARTNER; TRUSTEE | — |
| COULTER ROBERT VINCENT | CHIEF COMPLIANCE OFFICER; COMPLIANCE OFFICER | — |
| DOYLE JOHN ANTHONY III | SR. VP | — |
| WOODARD ROBERT JASON | SENIOR VICE PRESIDENT | — |
| MARTINEZ SONIA RAQUEL | ASST. DIRECTOR OF COMPLIANCE/MUNI & TRADING PRINCIPAL; COMPLIANCE OFFICER/MUNI & TRADING PRINCIPAL | — |
| RAINEY BRETT WALKER | COO; SECRETARY | — |
| RASK MICHAEL EDWARD | PRESIDENT, ROP | — |
| EWTON VALYNDA ANN | FINOP | — |
| PRINCE TERRA REBECCA | CCO | — |
| LARSEN LINDA GRANT | CCO | — |
| DARABADEY CHARMAGNE MARIE | CHIEF COMPLIANCE OFFICER | — |
| HAYS STANLEY GLEN III | FINOP | — |


## Disclosures (7)

| Initiated | Type | Allegations | Status | Amount |
| --- | --- | --- | --- | --- |
| 2017-03-14 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT IMPROPERLY CHARGED TICKET CHARGES IN AT LEAST 449 TRANSACTIONS INVOLVING 129 ACCOUNTS FOR CLIENTS OF ITS AFFILIATED REGISTERED INVESTMENT ADVISOR (RIA). THE FINDINGS STATED THAT TRADES… | Final | $45K |
| 2011-03-30 | regulatory | FINRA RULE 2010, NASD RULES 1017(A)(4), 2110: THE FIRM FAILED TO FILE FOR APPROVAL BY FINRA OF A MATERIAL CHANGE IN OWNERSHIP OR CONTROL, RELATED TO THE TRANSFER OF OWNERSHIP FROM THE FIRM'S CHAIRMAN AND MAJORITY SHAREHOLDER AND EXECUTIVES TO HIS RELATIVES WHO WERE AT THAT TIME MINORITY SHAREHOLDERS… | Final | $10K |
| 2007-10-31 | regulatory | FINRA ALLEGED FIRST DALLAS SECURITIES, INC. VIOLATED NASD CONDUCT RULES 2110, 1120(B), 2711(C)(2)(A), 2711 (G)(2), 2711(G)(3), 2711(H)(1)(A), 2711(H)(1)(B), 2711(H)(7), 2711 (H)(10), 2711(I) AND 3010. THESE RULES ARE IN RELATION TO RESEARCH REPORTS ISSUED, ALLOWING AGENTS TO TRADE DURING THE PROHIBI… | Final | $50K |
| 2000-10-18 | regulatory | THE FIRM TRANSACTED BUSINESS (2 BUY ORDERS) IN IDAHO AS A BROKER-DEALER WITHOUT BEING REGISTERED AS A BROKER-DEALER IN IDAHO. | Final | $500 |
| 1999-08-26 | regulatory | FIRST DALLAS SECURITIES, INC. HAD ENGAGED IN SECURITIES TRANSACTIONS IN MASSACHUSETTS AT TIMES WHEN IT WAS NOT REGISTERED AS A BROKER-DEALER IN MASSACHUSETTS. | Final | $7K |
| 1997-05-22 | regulatory | ON 9/23/96, FIRST DALLAS SECURITIES, INC. (FDS) FILED AN APPLICATION FOR REG. AS A DEALER W/ THE COMMISSION AND FURNISHED INFORMATION THAT DURING THE PERIOD 1/22/91-7/23/96 A TOTAL OF 71 BUYS AND 45 SALES HAD BEEN EFFECTED IN THE ACCOUNTS OF 11 AL RESIDENTS IN AGGREGATE AMT OF $634,280.54, WHICH RES… | Final | $5K |
| — | regulatory | — | — | — |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/24549/brochure
- Similar advisers: https://search.stillhousedata.com/firm/24549/similar
- Related entities: https://search.stillhousedata.com/firm/24549/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/24549

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.