February 2018-Shreveport, LA
The FINRA records of Thomas W. O’Brien, a stockbroker who is currently employed by Raymond James & Assoc. disclose 2 pending customer disputes and 2 prior final customer disputes.
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.
A customer of Raymond James & Assoc. has file FINRA arbitration # 17-02973 seeking damages of $5,000,000. The allegations include:
- Violation of FINRA and Industry rules
- Breach of Contract
- Fraudulent and/or negligent misrepresentation
- Fraudulent concealment
- Unauthorized trading
- Overconcentration
- Failure to supervise.
Another matter is pending in Federal Court, Shreveport Division. In case 5:17-cv-1245 a Raymond James customer seeks unspecified damages for fraudulent omissions, violations of state and federal securities laws, bad faith and breach of contract.
O’Brien has been employed by Raymond James since 2/2013.
If you have losses in an account in an account handled by Thomas W. O’Brien , contact us to discuss how you may be able to recover damages for those losses through FINRA arbitration.
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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