Terry W. Chilton, of Beaumont, Texas, a stockbroker with IMS Securities, Inc., is subject to a customer dispute from March 7, 2016, in which a customer alleged that Chilton made misrepresentations concerning investments, and engaged in the unsuitable recommendations.
FINRA Public Disclosure records also reveal that on September 16, 2013, a customer was awarded $1,172,250.00 against Chilton after the customer alleged that Chilton committed fraud, misrepresentation, and breach of contract in connection with variable annuity transactions. On October 6, 2015, FINRA launched an investigation into whether Chilton made misrepresentations and omissions concerning features of variable annuities in violation of FINRA Rules 4511 and 2010, as well as whether Chilton made false representations and forged annuity documents.
Guiliano Law Group
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