May 2018-Dallas, Texas
The FINRA records of Thomas H. Eades , a stockbroker who works for RBC Capital Markets disclose 2 recently filed and pending customer disputes seeking damages for the mismanagement of their accounts.
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.
- FINRA Case 18-0466-A customer of RBC alleges that accounts were left ‘uninvested” in a minimal interest case account inconsistent with investment objectives during 2015-2017. Damages of $180,000 are sought.
- Customer complaint received March 2018 from an RBC customer alleges that their accounts are concentrated in energy sector master limited partnerships (MLPs) and that Eades recommended that they continue to hold the positions after dividend payments had been reduced resulting in losses. Time frame is 3/2004-1/2018. Damage amount is not specified.
Eades has been employed by RBC Capital Markets since 3/1998.
If you have questions about the way your account has been handled by Thomas Eades , call for a no charge consultation with an experienced securities attorney.
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