Charles Thomas Stevens of Saint Augustine, Florida, a stockbroker currently associated with D.H. Hill Securities, LLLP, is the subject of a customer initiated investment related arbitration claim, where the customer alleged breach of contract, negligence, breach of fiduciary duty, and unsuitable investment recommendations of business development companies, real estate investment trusts and a variable annuity. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02154 (Aug. 16, 2017).
FINRA Public Disclosure confirms that Stevens has been identified in two additional customer initiated investment related disputes pertaining to allegations of Stevens’s improper conduct during the period he was associated with NYLife Securities Inc. In particular, on December 2, 2003, a customer filed an investment related written complaint involving Stevens’s conduct, in which the customer requested $50,000.00 in damages founded on accusations that omissions were made concerning the features of a variable annuity purchased by the customer.
Thereafter, on September 15, 2006, a customer filed an investment related written complaint involving Stevens’s conduct, where the customer sought $24,000.00 in damages based upon allegations that Stevens poorly advised the customer about a variable life insurance policy, representing that the policy provided the customer with liquidity and that it would remain in force by way of the customer’s original investment.
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The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
