Investors might have sustained losses due to securities broker Thomas B. Underwood III [CRD: 6006367, Glen Allen, Virginia], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Records show that Underwood was registered with Cary Street Partners from April 26, 2023, to August 29, 2024. The information below provides more details about the reported disclosure and what it may mean for investors.
Evidently, on October 8, 2025, a Cary Street Partners LLC client submitted a written complaint regarding Thomas Underwood. The client alleged that Underwood engaged in unsuitable trading by implementing aggressive trading strategies, including options transactions, between 2023 and 2024. As a result, the client claimed losses involving exchange-traded funds, options, stocks, and index options. The client is seeking $1,875,581.20 in damages from Cary Street Partners LLC or Underwood. The complaint remains pending.
Additionally, Cary Street Partners LLC permitted Underwood to resign on July 31, 2024. The firm alleged that Underwood exchanged electronic communications with clients outside of the firm’s approved communication systems.
Are you concerned about investments you made through Thomas Underwood? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the US. Also, our securities attorneys work on a contingency fee basis and advance all costs. Underwood and brokerage firms Underwood worked for deny accusations of sales practice violations.
A customer dispute that settled for $80,000 on July 16, 2026 is the newest entry on the BrokerCheck report of Stephen Kerutis (CRD 2345517). The clients in that matter alleged unsuitable recommendations, and Truist Investment Services is the firm on the disclosure.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
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