Thomas Fross, of The Villages, Florida, disclosed that a customer received a judgment or award against him for $24,000.00 in damages based upon the allegations that Fross breached his fiduciary duty and contractual obligations to the customer, made omissions and misrepresentations to the customer with regard to investments, and made unsuitable investment recommendations.
FINRA BrokerCheck reveals that Fross has been previously subject to three customer disputes. On October 21, 2008, Fross became subject to a customer dispute in which the customer requested $22,229.67 in damages after alleging that Fross made misleading statements to the customer concerning a guaranteed withdrawal benefit rider associated with a variable annuity.
On May 27, 2009, a customer requested $5,000.00 in connection with a customer dispute in which the customer alleged that an insurance contract purchased did not conform with the customer’s objectives. On June 30, 2015, another customer lodged a dispute against Fross, in which the customer requested $17,243.00 in damages after alleging that she was not properly apprised by Fross of tax consequences associated with liquidation of an individual retirement account.
Guiliano Law Group
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