September 2021 – Melbourne, FL
According to publicly attained records, Thomas Ward Stratton, a stockbroker who was last employed by World Choice Securities, discloses a prior regulatory matter , a prior customer dispute, a pending regulatory investigation and a termination from employment.
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 8/2021, in FINRA case #2021071245401, to resolve allegations that he refused to provide information and documents requested by FINRA in connection with its investigation of his potential misuse of customer funds with respect to the sale of promissory notes related to a third party’s life insurance policy Stratton was permanently barred by FINRA from the securities industry. The findings state that this mater originated from a tip to FINRA’s Securities helpline for seniors.
In 7/2016, in FINRA case#16-01893, a customer of World Choice Securities alleged unsuitable management of accounts, over-concentration, margin and breach of fiduciary duty. The case settled for $50,000 with $29,750 paid by Stratton individually.
In August of 2021 Stratton was allowed to voluntarily resign from World Choice Securities, Inc. after the firm received a FINRA Wells Notice alleging that Stratton failed to respond to requests for information timely and fully.
If you have losses in an investment account handled by Thomas Stratton, contact us for a no charge consultation with an experienced securities attorney to learn about your legal 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.
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