Advisor Alert: Our Attorneys Are Investigating Eugene Boyd Thomas For Investment Fraud
Did You Lose Money Because of Eugene Thomas?
Filed: March 19, 2024
Eugene Thomas (also known as Gene B Thomas) currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Eugene Boyd Thomas.
Who Is Eugene Boyd Thomas of MML Investors Services, LLC?
- Advisor Name: Eugene Boyd Thomas
- Aliases: Gene B Thomas
- CRD: 2065557
- Location: Oklahoma City, Oklahoma
- Current Employer: MML Investors Services, LLC
- Previous Firms: MSI Financial Services, Inc. and Metropolitan Life Insurance Company
- Number of Known Customer Complaints: 2
- Can Eugene Thomas Be Sued: Yes, in Private Arbitration
- Can Eugene Thomas’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,400,000
- Highest Settlement: Unknown
If you have suffered investment losses by Eugene Thomas, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Eugene Thomas For Broker Misconduct
As of this publication date, Eugene Thomas has been the subject of 2 customer disputes. Let’s review them below.
In December 2022, a FINRA arbitration was filed against or in reference to Eugene Thomas by multiple customers of MML Investors Services, LLC alleging that in 2022, Mr. Thomas liquidated appreciated stock from the complainant’s account instead of first transferring it to one of the owner’s companies as had been discussed, thereby resulting in a taxable gain, which caused taxes of in excess of $300,000 that would have otherwise been avoided, and other losses caused by unauthorized stock trades and rebalancing. Per the customers, they lost over $1,400,000 because of Mr. Thomas’s actions. As of this publication date, this claim remains pending.
In February 2016, a FINRA arbitration was filed against or in reference to Eugene Thomas by a customer of Metlife Securities alleging that Mr. Thomas misrepresented the features of the variable annuity purchased in March 2014. No specific compensatory damages were alleged.
How To File A Claim Against Eugene Thomas of MML Investors Services, LLC (previously with MSI Financial Services, Inc. and Metropolitan Life Insurance Company) To Get Your Money Back
If you have questions about Eugene Thomas, MML Investors Services, LLC, MSI Financial Services, Inc., Metropolitan Life Insurance Company, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.