Thomas Jenkins Allegedly Engaged in Negligence

Thomas Jenkins (CRD #: 2562513), a broker registered with UBS Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On July 30, 2024, investors alleged that Thomas Jenkins engaged in negligence and breached his fiduciary duty. The investor alleged that he did not follow instructions to transfer assets to certain trusts, which allegedly resulted in tax liabilities. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions. 

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Fiduciary Duties

A fiduciary duty is a duty to work in a client’s best interest. Brokers are not fiduciaries, but they must follow the rules set forth by FINRA Rule 2111 and Regulation Best Interest. Registered Investment Advisers (RIAs) are fiduciaries, and brokers are often dually registered as RIAs.  (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Thomas Jenkins has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination
• Series 31 Futures Managed Funds 
• Series 7 General Securities Representative Examination
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in 26 states. He is a registered investment adviser in Colorado, North Carolina, and Texas. 

Thomas Jenkins has registered with four firms: 

• UBS Financial Services (CRD #: 8174) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
• Robert W. Baird & Co. (CRD #: 8158) 
• Northwestern Mutual Investment Services (CRD #: 2881) 

Kurta Law Can Help 

If you worked with Thomas Jenkins and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.