Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carl Lee (Lee), currently associated with Thoroughbred Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lee 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 $10,000.00 on August 23, 2021.
I gave $10,000 of [REDACTED] and $10,000 of my own money to a local builder to start a spec home. I did not disclose this outside activity to my prior firm at the time. The builder disappeared with the funds shortly thereafter . I promised [REDACTED] profits from another LP investment that I had but that LP did not generate a profit and closed in the mid 90’s. I did not disclose the loss to my client until a letter was received from [REDACTED] inquiring as to the status of the LP. On 9/1/2021 all disclosure was made to [REDACTED] and $10,000 was paid to him by TFS on 9/3/2021