Investor Alleges Thomas Lee Recommended Unsuitable Investments
Thomas Lee (CRD #: 2807587), a broker registered with Raymond James Financial Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on May 25, 2023. Investors may have also worked with him through Raymond James Financial Services Advisors. If you have questions about his alleged conduct as a broker, keep reading.
Investor Dispute
On March 27, 2023, an investor filed a dispute alleging that Thomas Lee recommended unsuitable investments. The client seeks $250,000 in damages in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consult the investor’s profile, which describes their age, risk tolerance, and other information.
Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.
Background Information
Thomas Lee 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 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 10 – General Securities Sales Supervisor – General Module Examination
- Series 9 – General Securities Sales Supervisor – Options Module Examination
Thomas Lee is a registered broker in 45 states and the District of Columbia. He is also a registered investment adviser in six states.
He has also worked for the following firms:
- Raymond James Financial Services (CRD#:6694)
- MetLife Securities (CRD#:14251)
- Metropolitan Life Insurance Company (CRD#:4095)
- Ameritas Investment Corporation (CRD#:14869)
Kurta Law Can Help
If you worked with Thomas Lee and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.