Little Rock, Arkansas
According to FINRA records, Danny M. Thomas , a broker who worked for State Farm VP Management from 8/2003-9/2015 discloses that he was permanently barred from the securities industry in May 2016.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Thomas, without admitting or denying the findings, consented to the sanctions and to the entry of findings that he failed to appear for on the record testimony in connection with a FINRA investigation into allegations that Thomas failed to disclose or timely disclose multiple tax liens on FINRA reporting forms.
FINRA Case 2015047087001
The official FINRA record of Thomas discloses five outstanding tax liens in favor of the State of Arkansas ranging in amounts from $14,121 to $22,031.
If you have questions about a brokerage account handled by Danny M. Thomas, call for a no charge consultation,
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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