Alan Joseph Thomilson, of Edwardsville, Illinois, a stockbroker currently registered with Lincoln Financial Securities Corporation, has been named in a customer initiated investment arbitration claim which settled on October 24, 2016 for $75,000.00 in damages, based upon allegations that Thomilson made misrepresentations and unsuitable recommendations to the customer regarding the replacement of the customer’s existing variable annuity product with an indexed annuity.
FINRA Public Disclosure reveals that Thomilson has been named in five additional customer disputes concerning allegations of Thomilson’s misconduct while he was employed with MetLife and OneAmerica Securities, Inc. Particularly, on January 1, 2006, a customer filed a complaint involving Thomilson’s conduct, in which the customer requested $12,069.38 in damages based upon allegations that Thomilson omitted facts regarding penalties that the customer was required to pay upon surrendering an annuity contract.
Subsequently, on January 7, 2008, another customer filed a complaint concerning Thomilson’s actions, based upon allegations that Thomilson made omissions to the customer regarding the increase in premiums pertaining to the customer’s variable life insurance policy. On February 26, 2010, a customer initiated investment related arbitration claim involving Thomilson’s conduct was settled for $6,938.00 in damages based upon allegations that Thomilson failed to follow the customer’s instructions to sell stock positions in the customer’s brokerage account.
On December 20, 2012, another customer filed a written complaint pertaining to Thomilson’s conduct, based upon allegations that Thomilson made misrepresentations concerning a variable life policy. Further, on May 30, 2013, a customer initiated investment related arbitration action regarding Thomilson’s conduct was settled for $189,500.00 in damages based upon allegations that Thomilson made unsuitable investment recommendations to the customer concerning the purchase of equity indexed annuities.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
