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SII Investments Broker David Thomas Sanctioned by Securities Regulators

SII Investments Broker David Thomas Sanctioned by Securities Regulators 150 150 Robert H. Rex

 

David Patrick Thomas, a resident of Washington state was recently sanctioned by securities regulators in Washington in connection with the sale of LLC membership interests issued by Chadbourne Partners, LLC, a Florida limited liability company.
According to FINRA records, Thomas, who is not currently registered, previously was registered as follows:
  • Seacoast Investor Services 12/2010-10/2011
  • SII Investments Inc  9/2007-12/2010
  • The O.N. Equity Sales Co 11/2004-10/2007
  • Wachovia Securities 2/2002-11/2004
According to the regulators, Thomas represented to investors that their funds would be pooled together and used by Chadbourne Partners to acquire a securities broker-dealer firm. Thomas represented that the broker-dealer would expand and become very profitable.
In a related matter, Colorado securities regulators filed a complaint against  Chadbourne Partners, LLC and its operators Daniel R. Murphy and Henry Dyer Wiggans of Jacksonville, FL,  alleging that they offered and sold unregistered securities in violation of the Colorado Securities Act. The complaint alleges they hired Michael Mendenhall, a former licensed stockbroker and raised $879,000  from the sale of unregistered securities.
If you have questions about your legal rights to recover investment losses, call to speak with an experienced securities attorney.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900

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