Jerry Tuma Investigation
August 2022-Dallas, TX
According to FINRA records, Jerry Tuma, a broker with Independent Financial Group discloses two finalized customer disputes and a currently pending customer dispute.
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 12/2018 a customer of Independent Financial Group alleged that her account was not managed in accordance with her best interests, that certain management and product fees were excessive and that she was invested in inappropriate products given her risk profile. Her case was settled for $14,906.
Earlier in Tuma’s career, a Sagepoint Financial, Inc. customer filed FINRA case#09-06546 alleging unsuitability of investments recommended by Tuma. That case settled for $117,500, with $92,500 of that amount paid by Tuma individually.
In 1/2022 a customer of Independent Financial Group customer filed FINRA case #22-00015, alleging that Tuma made unsuitable recommendations and that investment was not in line with stated objectives. The customer is seeking damages of $200,000 in this currently pending matter.
Tuma has been employed with Independent Financial Group since May of 2012 and also operates Cornerstone Financial Services, a registered investment advisory company located in Dallas, TX.
If you have questions about an account handled by Jerry Tuma, call for a no charge consultation.
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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