DID THOMAS ROSS III CAUSE YOU INVESTMENT LOSSES?
Thomas Ross III Of Raymond James & Associates, Inc. Has A Customer Complaint For Alleged Broker Misconduct
About Thomas Ross III of Raymond James & Associates, Inc.?
Thomas Ross III (CRD #1684485) is a broker currently employed by Raymond James & Associates, Inc. in Houston, Texas, where he has been registered since July 2007. Ross’s career, dating back to 1983, has included tenures at several prominent firms including UBS International Inc. and Stifel, Nicolaus & Company. Although he is registered across 20 states and with five self-regulatory organizations, his extensive career is tarnished by a recent customer dispute related to hedge funds. His qualifications, including three principal/supervisory exams and three general industry/product exams, contrast with the serious nature of the allegations he faces.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Thomas Ross III Customer Complaint and Reviews
Ross’s professional record includes significant negative disclosures:
Pending Customer Dispute (Reported May 2023): This dispute involves allegations that Ross recommended investments in hedge funds that were not suitable for the client, occurring between August 2022 and May 2023. The client has claimed damages of $15,000. The complaint, still under review, alleges a lapse in Ross’s duty to provide suitable investment recommendations.
Allegations Against Thomas Ross III
- Unsuitability: The central accusation is that Ross made unsuitable investment recommendations concerning hedge funds. This serious allegation implies a failure to adequately assess the client’s investment profile or a disregard for the client’s financial objectives and risk tolerance.
- Financial Mismanagement: The alleged unsuitability led to claimed damages, raising concerns about Ross’s judgment and the appropriateness of his investment strategies.
- Ongoing Legal Review: With the dispute still pending, the outcome and potential repercussions for Ross remain unresolved, casting a shadow over his current professional standing.
Thomas Ross III Red Flags & Your Rights As An Investor
Of course, Thomas Ross III did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Thomas Ross III at Raymond James & Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Thomas Ross III has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Raymond James & Associates, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Raymond James & Associates, Inc. Due To Thomas Ross III
If you have questions about Raymond James & Associates, Inc. and/or Thomas Ross III and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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