The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Texas-based National Planning Corporation broker/adviser Dexter Thomas (CRD# 1074222).
Dexter Thomas has spent 32 years in the securities industry and has been registered with the National Planning Corporation in Dallas, Texas since 2006. Previous registrations include Invest Financial Corporation in Dallas, Texas (2006); AIG Financial Advisors in Dallas, Texas (2005-2006); SunAmerica Securities in Phoenix, Arizona (1989-2005); Southmark Financial Services (1988-1989); and Waddell & Reed (1983-1989). He is a registered broker and investment adviser in eighteen US states.
According to his BrokerCheck report, Dexter Thomas is the subject of two customer complaints.
In 2012 a customer alleged Dexter Thomas, while employed at the National Planning Corporation, made unsuitable investment recommendations, failed to protect assets, breached his fiduciary duty, and engaged in negligent supervision. The complaint settled in 2014 for $30,000.
In 2002 a customer alleged Dexter Thomas, while employed at SunAmerica Securities, “moved her funds out of the market into cash management without her knowledge or permission,” ultimately causing financial harm. The complaint settled for more than $13,000.
Both FINRA rules and federal securities law require that brokers like Dexter Thomas recommend only investments that are considered suitable for their clients. Suitability requires investment professionals to weigh the customer’s age, investment goals, investment experience, risk tolerance, net worth, and many other factors. Brokers and investment advisers may not misrepresent or omit material facts related to an investment, as this might lead a client to invest unsuitably. Financial professionals who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Dexter Thomas, you may be able to collect a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you receive money. By law there is a limited window to file claims, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.