Charles Stevens Involved In DH Hill Investor Disputes
Numerous DH Hill Clients Allege Bad Advice In Disputes About Charles Stevens
The Financial Industry Regulatory Authority (“FINRA”) charged Charles Thomas Stevens (CRD#: 1698058, St. Augustine, Florida) with violating FINRA rules. Not only that, but the securities broker, who worked for DH Hill Securities from 2006 to 2020, is involved in five investor disputes. These disclosures suggest that Stevens might have sold bad investments to clients of DH Hill Securities. Let’s take a closer look at the allegations against him.
FINRA Complaint Alleges Charles Stevens’ Undisclosed Judgements, False Statements
In a December 1, 2020 Complaint, FINRA Department of Enforcement alleged that Charles Stevens violated FINRA rules because he did not disclose adverse information on his Form U4 (FINRA public disclosure record). Specifically, Stevens did not make known that he had more than $634,000 in unsatisfied judgements. Also, the broker supposedly failed to make truthful statements to his employers about liens and judgements. Finally, FINRA contended that Stevens did not comply with its investigation. If liable, Stevens faces sanctions including possible expulsion. This matter is ongoing.
DH Hill Securities Client Indicates That Stevens Breached Fiduciary Duty
The most recent dispute on Stevens’ BrokerCheck record comes from a client of DH Hill Securities in July 2019. Supposedly, Charles Stevens invested the client in REITs in violation of his fiduciary responsibility to the client. Allegations also include the broker’s negligence and breach of contract. It appears that the client had been deceived by investing in these products and sued to recover $100,000. This matter is ongoing.
Client Of DH Hill Securities Alleges Unsuitable Recommendations By Charles Stevens
Evidently, a client of DH Hill Securities took aim at Charles Stevens via a FINRA Arbitration Claim in December 2017. In this dispute, the client first alleged that Stevens made unsuitable recommendations regarding REITs and BDCs. Secondly, Stevens purportedly breached a fiduciary duty. Thirdly, the client alleged Stevens’ negligence and breach of contract from 2017 to 2017. For this reason, DH Hill Securities opted to pay the client $30,000 to put an end to this matter in February 2020.
Client’s Dispute About Stevens Alleges Negligence, Breach Of Contract
In a third dispute brought by a DH Hill Securities client, allegations include sales practice violations associated with Charles Stevens’ recommendations of REITs and BDCs. Specifically, the client contended in this August 2017 FINRA Arbitration Claim that Stevens unsuitably advised the client on certain alternative investments. The client also alleged breach of fiduciary duty, breach of contract and negligence. Because of this, the client received a $35,000 payment in March 2020 to settle this matter.
Did You Experience Losses By Investing Through Securities Broker Charles Stevens?
FINRA BrokerCheck indicates that Charles Stevens denies all allegations of his sales practice violations. Have you experienced losses because of him? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced lawyers about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to the misconduct of financial advisors and securities brokers.