The investment loss attorneys at Meyer Wilson are looking into allegations against deceased broker Dexter Thomas. Thomas's former brokerage firms, United Planners’ Financial Services of America and National Planning Corp. broker, currently face 13 pending allegations of unsuitable investment recommendations and manipulative and deceitful misconduct from Thomas.
So far, customers are seeking more than $9.3 million in damages. The customers allege, among other things, that Thomas failed to return funds that were privately invested or loaned. The individual cases range in the amount of damages from $22,000 to $8.1 million.
Prior to his death, Thomas spent 35 years working in the securities industry. In addition to working for United Planners’ Financial Services of America, he was also registered at National Planning Corporation, Invest Financial Corporation, AIG Financial Advisors, SunAmerica Securities, Southmark Financial Services, and Waddell & Reed.
Did You Lose Money While Investing With Dexter Thomas?
Selling away occurs when brokers solicit investors to purchase investments or securities that are not approved, offered, or help by brokerage firms. When a broker sells away from his firm, it can be an indication that the firm is failing in its supervisory obligations, and the firm may be held liable for its negligence.
If you lost money while investing with Dexter Thomas, contact Meyer Wilson today. Our experienced investment attorneys are ready to work with you to help recover your losses, so give our office a call today at (800) 738-1960 to talk with a member of our firm. You may be able to recoup some or all of your losses.