Soreide Law Group is investigating potential investor claims against securities broker Charles Stevens [CRD#: 1698058, Saint Augustine, Florida]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck reports that no less than 5 clients contested the securities recommendations or sales of the securities broker, who joined DH Hill Securities LLLP on June 6, 2006. Notably, clients of DH Hill suggest that Stevens breached a fiduciary duty, negligently recommending or selling investments which were not in their best interests. The following contains a summary of some alarming disclosures concerning Stevens:
DH Hill Investors Suggest Charles Stevens Breached Fiduciary Duty
Evidently, on July 1, 2019, a DH Hill client filed FINRA Arbitration #: 19-01824 about Charles Stevens. Supposedly, Stevens was deceptive and breached a fiduciary duty that he owed to the client. The client also indicated that the securities broker negligently transacted in his account. Allegedly, the securities broker also breached a contract governing the client’s investments. Because of this, the client experienced losses on real estate investment trusts. Therefore, the client requested $100,000 in compensation from DH Hill or Stevens. Apparently, this arbitration is pending a resolution.
Stevens Allegedly Sold Bad Investments To DH Hill Client
Apparently, a client of DH Hill contested Charles Stevens’ actions by placing FINRA Arbitration #: 17-03348 on December 20, 2017. Allegedly, Stevens recommended bad investments as they failed to align with the client’s risk tolerance or some other aspect of the client’s investment profile. Also, the client suggested that the securities broker also effected transactions that the securities firm did not supervise. Further, the securities broker allegedly dishonored an investment agreement. It seems that the real estate investment trusts and business development companies which Stevens sold caused the client to experience losses. Because of this, the client demanded compensation from DH Hill or Stevens in the amount of $150,000 in this ongoing matter.
DH Hill Investors Indicate Charles Stevens Breached A Contract
Evidently, on August 16, 2017, a DH Hill client filed FINRA Arbitration #: 17-02154 concerning Charles Stevens. Supposedly, the client contended that Stevens breached his duties under contract. Allegedly, the securities broker failed to comply with his fiduciary responsibility too. Allegedly, Stevens’ investment advice did not comport with the client’s goals, risk tolerance or other criteria relating to suitability. Consequently, the client incurred losses on variable annuities and real estate investment trusts and business development companies. For this reason, the client requested unspecified compensation from DH Hill or Stevens. Supposedly, this arbitration is pending a resolution.
Stevens Allegedly Makes Omissions When Dealing With NYLife Securities Client
Apparently, a client of NYLife contested Charles Stevens’ sales practices by filing a complaint dated December 9, 2003. Allegedly, Stevens omitted important information from the client about investments. It appears that the variable annuities which Stevens sold or recommended had caused the client to experience losses. Therefore, the client seeks compensatory relief from NYLife Securities or Stevens in the amount of $50,000 in this ongoing matter.
Did DH Hill Securities Broker Charles Stevens Sell You Bad Investments?
Have you sustained losses by investing with Charles Stevens? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities brokers like Stevens and brokerage firms.