Investors might have sustained losses due to securities broker Eugene Boyd Thomas (also known as Gene Thomas) [CRD: 2065557, Lexington, Oklahoma], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Thomas has worked for MML Investors Services LLC as a broker and investment adviser since March 25, 2017. Investors should continue reviewing this article to find out more about disclosures involving Thomas that have been reported to FINRA.
Evidently, on September 6, 2024, a MML Investors Services LLC client filed Civil Action No. CJ-2024-5740 concerning Eugene Thomas. Mainly, the client alleged that Thomas was negligent and failed to properly provide investment advice, pension consulting, portfolio and asset management, and financial planning services. Because of these alleged failures, the client reportedly experienced damages involving variable annuities. As a result, the client requested compensation of $150,000 from MML Investors Services or Thomas. It appears that this civil suit remains pending in the Oklahoma County District Court.
Also, a client of MetLife Securities contested Thomas’s sales practices, according to a complaint dated February 2, 2016. Allegedly, Thomas made misrepresentations regarding the features of variable annuities. It appears that Thomas allegedly caused the client to incur damages related to variable annuities. Consequently, the client sought compensation from MetLife Securities or Thomas, and this written client complaint was denied on February 17, 2016.
Do you have concerns or questions regarding investments you made with Eugene Thomas? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm takes cases on a contingency fee basis and advances all costs. Thomas and brokerage firms Thomas worked for deny accusations of sales practice violations.
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