RedFlags, Allegations and Complaints against J THOMAS SMITH
Disclosure #1 for J SMITH
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- Event Date: 4/18/2001
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: CLIENT STATES THAT FA \MISREPRESENTED\ THE \GUARANTEED RETIREMENT INCOME PROGRAM.\ DAMAGES UNSPECIFIED BUT IN EXCESS OF $5,000. TIME PERIOD UNSPECIFIED.
- Broker Comment: I EXPLAINED TO CLIENT IN TWO MEETINGS THAT THE INSURANCE CONTRACTS WOULD BE VARIABLE. GUARANTEED RETIREMENT INCOME PROGRAMS GUARANTEE A MINIMUM PERCENTAGE RETURN ONLY ON MATURITY OR MARKET VALUE WHICHEVER IS HIGHEST ON MATURITY.
Disclosure #2 for J SMITH
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- Event Date: 3/9/1999
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: THE INCOME BENEFICIARIES OF THE TRUST ACCOUNT ALLEGE THAT THE PAINEWEBBER IE MADE UNSUITABLE INVESTMENTS IN VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD OF 1982. 1990 RESULTING IN LOSSES OF $150,000.
- Damage Amount Requested: $150,000.00
- Broker Comment: PAINEWEBBER DETERMINED THAT INVESTMENTS RESULTED IN GAINS TO THE TRUST AND THAT CLIENT PARCIPATED IN CLASS ACTION PAINEWEBBER DENIED THE CLAIM. BROKER DENIES ALLEGATION.
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Disclosure #3 for J SMITH
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- Event Date: 3/9/1999
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: THE INCOME BENEFICIARIES OF THE TRUST ACCOUNT ALLEGE THAT THE PAINEWEBBER IE MADE UNSUITABLE INVESTMENTS IN VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD OF 1982. 1990 RESULTING IN LOSSES OF $150,000.
- Damage Amount Requested: $150,000.00
- Broker Comment: PAINEWEBBER DETERMINED THAT INVESTMENTS RESULTED IN GAINS TO THE TRUST AND THAT CLIENT PARCIPATED IN CLASS ACTION PAINEWEBBER DENIED THE CLAIM. BROKER DENIES ALLEGATION.
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Disclosure #4 for J SMITH
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- Event Date: 3/9/1999
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: THE INCOME BENEFICIARIES OF THE TRUST ACCOUNT ALLEGE THAT THE PAINEWEBBER IE MADE UNSUITABLE INVESTMENTS IN VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD OF 1982. 1990 RESULTING IN LOSSES OF $150,000.
- Damage Amount Requested: $150,000.00
- Broker Comment: PAINEWEBBER DETERMINED THAT INVESTMENTS RESULTED IN GAINS TO THE TRUST AND THAT CLIENT PARCIPATED IN CLASS ACTION PAINEWEBBER DENIED THE CLAIM. BROKER DENIES ALLEGATION.
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Disclosure #5 for J SMITH
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- Event Date: 3/9/1999
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Denied
- Disclosure Detail :: Allegations: THE INCOME BENEFICIARIES OF THE TRUST ACCOUNT ALLEGE THAT THE PAINEWEBBER IE MADE UNSUITABLE INVESTMENTS IN VARIOUS LIMITED PARTNERSHIPS DURING THE PERIOD OF 1982. 1990 RESULTING IN LOSSES OF $150,000.
- Damage Amount Requested: $150,000.00
- Broker Comment: PAINEWEBBER DETERMINED THAT INVESTMENTS RESULTED IN GAINS TO THE TRUST AND THAT CLIENT PARCIPATED IN CLASS ACTION PAINEWEBBER DENIED THE CLAIM. BROKER DENIES ALLEGATION.
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Should I file a FINRA complaint against brokers like J THOMAS SMITH?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
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