RedFlag, Allegation and/or Complaint against THOMAS LEROY WARD
Disclosure #1 for THOMAS WARD
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- Event Date: 10/26/2012
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Settled
- Disclosure Detail :: Allegations: IN 2004 AND 2005, AS PART OF AN ESTATE PLAN DRAFTED BY [customer’s ATTORNEYS, FIELD REPRESNTATIVE THOMAS WARD SOLD A SERIES OF MODIFIED ENDOWMENT LIFE INSURANCE CONTRACTS TO [CUSTOMER. SEVEN YEARS LATER, AFTER [customer RETAINED DIFFERENT ESTATE PLANNING COUNSEL, [customer, THROUGH HER ATTORNEYS, COMPLAINED THAT MR. WARD MADE UNSUITABLE RECOMMENDATIONS TO [CUSTOMER REGARDING THE SALE OF THE LIFE INSURANCE PRODUCTS. [customer COMPLAINED THAT MR. WARD’S ACTIONS CONSTITUTED NEGLIGENCE, NEGLIGENT AND FRAUDULENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, CONSTRUTIVE FRAUD AND UNFAIR AND DECEPTIVE TRADE PRACTICES.
- Damage Amount Requested: $1,600,000.00
- Settlement Amount: $22,500.00
- Arbitration Docket Number: 314340019713
Should I file a FINRA complaint against brokers like THOMAS LEROY WARD?
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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Originally reported on November 17, 2022 @ 9:46 pm
