Thomas Whitmeyer O’Brien of Shreveport Louisiana is a stockbroker currently registered with Raymond James who is the subject of a customer initiated investment related arbitration claim in which the customer requested five million dollars in damages supported by allegations including (1) overconcentration in the customer’s account (2) unauthorized trading (3) fraudulent concealment (4) fraudulent or negligent representation (5) breach of contract (6) violation of FINRA rules (7) breach of federal and state laws and (8) failure to supervise sector specific equity transactions executed in the customer’s account between January of 2001 and November of 2017. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02973 (Nov. 9 2017).
FINRA Public Disclosure confirms that O’Brien has been referenced in three additional customer initiated investment related disputes containing accusations of his improper conduct during the time that he was employed with Raymond James and Morgan Keegan and Company. In particular, on April 7, 2006, a customer filed an investment related written complaint involving O’Brien’s conduct, where the customer alleged that a fixed annuity purchased by the customer was misrepresented and unsuitable, and that the customer’s assets were not able to be liquidated.
Then, on September 22, 2016, another customer filed an investment related written complaint pertaining to O’Brien’s activities, in which the customer requested at least $5,000.00 in damages founded on allegations of misrepresentation pertaining to the customer’s fixed annuity purchase. Thereafter, a customer filed an investment related civil action in the United States District Court, Western District of Louisiana, where the customer alleged breach of contract and fiduciary duties, violation of Louisiana securities law, violation of federal securities law, and fraudulent omissions relating to sector specific investments. Case No. 5:17-cv-1245 (Oct. 6, 2017).
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