Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Moore (Moore), currently associated with St. Bernard Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Moore recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $29,000.00 on July 22, 2021.
A customer was the owner and beneficiary of a variable annuity with a value of about $29,000. The customer wrote to the annuity carrier in Feb of 2020 and asked to cash out the annuity. Mr. Moore was unaware of this and did not assist in the surrender request. The annuity company honored the surrender request and sent a check. Fifteen months later, in May of 2021, an attorney writes to tell Mr. Moore that the Conservator, not the customer, but an unknown person, had a conservatorship on the customer and wants the money replaced. On July 8, 2021 The attorney filed suit in New London, CT court against Moore.