July 2021-St. Augustine, FL
According to publicly available records, formerly a D.H. Hill Securities financial advisor Charles Stevens, discloses a regulatory event under review, 2 settled customer disputes and 1 pending customer dispute and multiple IRS liens.
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.
In December 2020, FINRA case #2017056627801 was filed alleging that Stevens willfully failed to amend his Form U4 to disclose more than $500,000 in unsatisfied tax liens. The complaint also alleges that he made false statements to his member firm regarding his tax liens and judgement in annual certifications. The complaint further alleges that Stevens failed to appear and provide on-the-record testimony requested by FINRA in connection with its investigation of his failure to timely update his Form U4. FINRA barred Stevens from the industry. That decision is currently under review.
In December 2017, a customer of D H Hill filed FINRA case #17-03348 alleging unsuitable recommendations, breach of fiduciary duty, negligence, failure to supervise and breach of contract. The case was settled in the amount of $30,000.
In August 2017, another DHHS customer filed FINRA case #17-02154 alleging unsuitable recommendations, breach of fiduciary duty, negligence and breach of contract. The case was settled in the amount of $35,000.
In July 2019, a DHHS customer filed FINRA case #19-01824 alleging common law fraud, breach of fiduciary duty, negligence and breach of contract in connection with the purchase of real estate investment trusts (REITs). The alleged damages are $100,000 and the case is still pending.
From January 2009 until August 2016 5 IRS tax liens were filed against Stevens totaling more than $500,000.
Stevens was employed with D.H. Hill Securities 6/2006-2/2020.
If you have losses in an account handled by Charles Stevens, call to learn how you may be able to recover damages 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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