Brent Gordon Thompson of Franklin Tennessee a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $300,000.00 in damages founded on accusations that between 1995 and 2015: (1) the customer was subject to elder abuse (2) fiduciary duties owed to the customer were breached (3) omission had been made regarding investment information (4) the customer’s account lacked supervision (5) contractual obligations to the customer had been breached (6) trades had been effected in the customer’s account on an excessive basis and (7) the customer was placed in unsuitable investments and insurance products including annuities and variable prepaid forward contracts. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01319 (July 16, 2018).
FINRA Public Disclosure confirms that Thompson has been identified in four additional customer initiated investment related disputes containing allegations of his violative conduct during the time that he was associated with J.C. Bradford & Co. L.L.C., PaineWebber Inc. and UBS Financial Services Inc. Particularly, on July 7, 2000, a customer filed an investment related complaint concerning Thompson’s activities in which the customer requested $19,432.00 in damages supported by accusations that Thompson, inter alia: failed to disclose the risks pertaining to stock transactions placed in the customer’s account; failed to abide by the customer’s investment instructions; and caused the customer to incur unwarranted investment losses.
On October 3, 2000, two customers filed investment related complaints involving Thompson’s conduct where the customers requested $155,572.09 in damages based upon allegations that Thompson executed unauthorized purchases and sales of options and stocks in the customers’ investment accounts. Then, on March 2, 2012, a customer filed an investment related complaint involving Thompson’s activities in which the customer sought $5,000.00 in damages founded on accusations that misrepresentations and omissions had been made to the customer concerning the tax liability pertaining to a variable annuity liquidation and transfer.
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