Charles Thomas Stevens of St. Augustine, Florida, a stockbroker formerly registered with D.H. Hill Securities LLLP, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $12,500.00 in damages based upon allegations that Stevens breached a contract, breached a fiduciary duty, acted negligently, and defrauded the customer with regard to the recommendation and sale of real estate investment trusts when Stevens was associated with D.H. Hill Securities LLLP. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01824 (September 3, 2021).
Public Disclosure shows that Stevens is referenced in five customer initiated investment related disputes concerning his conduct while associated with securities broker dealers, including D.H. Hill Securities LLLP. On February 17, 2020, a customer initiated investment related FINRA securities arbitration claim involving Stevens’ conduct was settled for $30,000.00 in damages based upon allegations that Stevens failed to supervise, made unsuitable recommendations, acted negligently, breached a contract, and breached a fiduciary duty in connection with the recommendation and sale of business development companies and real estate investment trusts when Stevens was associated with D.H. Hill Securities LLLP. FINRA Arbitration No. 17-03348.
On March 18, 2020, an arbitration claim involving Stevens’ conduct was settled for $35,000.00 in damages based upon allegations that Stevens acted negligently, breached a fiduciary duty, made unsuitable recommendations, and breached a contract with regard to the recommendation and sale of securities when Stevens was associated with D.H. Hill Securities LLLP. FINRA Arbitration No. 17-02154.
Stevens has been barred from associating with any FINRA member in any capacity because he failed to cooperate with a FINRA investigation. Default Decision No. 2017056627801 (March 26, 2021).
According to the Default Decision, Stevens failed to update his Uniform Application for Securities Industry Registration or Transfer (Form U4). FINRA states that Stevens failed to disclose a judgment in the amount of $634,387.00 and 19 liens. Stevens falsely informed his employer that he did not have any liens to report that were not previously reported.
On December 1, 2020, after launching an investigation into Stevens, FINRA served Stevens with a Complaint. Stevens did not file an Answer. An Order was issued on January 14, 2021, requiring Stevens to explain why he should not be held in default. Stevens did not respond, so a Default Decision was entered on March 26, 2021. FINRA determined that Stevens violated FINRA Rules 2010, 1122, and 8210.
Stevens was associated with D.H. Hill Securities LLLP from 2006 to 2020. From 1987 to 2006, he was associated with NYLife Securities Inc. He was associated with Eagle Strategies Corp from 1995 to 1996.