May 2019 UPDATE–Dallas, TX
Did A Brokerage Firm Deny Your Claim for Losses
with Dexter Thomas?
If you made a claim for losses with one of the firm’s where Dexter Thomas was employed and that claim was denied, we may be able to help you recover damages. Call for a no obligation consultation.
We are currently representing a large number of former customers of National Planning Corp./United Financial Services broker Dexter L. Thomas and recently filed a number FINRA arbitrations to recover damages on their behalf.
While many of these current clients are from central and north Texas, several are from other parts of the United States.
Our clients allege damages to their accounts for various reasons, including:
- Unsuitable annuity investments
- Churning of accounts
- Unsuitable Loans
According to FINRA records, Dexter Thomas, was last registered with United Planners Financial Services of America and operated Dexter Thomas Financial Services in Dallas. His FINRA record discloses 13 pending 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.
These currently pending cases seek total damages in the millions.
Thomas was briefly employed by LPL Financial from 11/2017-12/2017. Prior to that he was employed by National Planning Corp. from 9/2006-11/2017. From 11/2017-8/2018 he was employed by United Planners. These prior employers can be held accountable for losses you may have suffered.
NATIONAL PLANNING CORP.
According to FINRA records, National Planning Corporation (NPC)requested termination of their FINRA registration on July 9, 2018. On that same date NPC requested terminations of registration in Arizona, California, Hawaii, Indiana, Maine, Nevada, Texas and Wyoming.
On July 24, 2018, NPC was hit with very significant sanctions by FINRA related to the sale of annuities. FINRA found that NPC received over $152 million from the sale of variable annuities, including $56 million from the sale of L-share variable annuities which were sold to customers without investigating the suitability of the product for the customer.
FINRA has fined NPC $650,000. In addition, NPC has agreed to disgorgement of up to $6 million to affected customers.
National Planning Corp. has also been known as Jackson National Financial Services and NPC of America.
No Charge Consultation
If you have questions about an investment account handled by Dexter Thomas , questions about annuities you may have been sold, or other financial matters involving Thomas, contact us for a no charge consultation to discuss your options.
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.
Florida-561 391 1900