Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Troy Thomas (Thomas), currently associated with Mcdermott Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thomas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $400,000.00 on March 25, 2026.
Claimant, an experienced investor in real estate, including Delaware Statutory Trusts (‘DSTs’), purchased a DST in August 2021 as part of a tax advantaged 1031 exchange of a prior real estate investment. Due to circumstances well beyond Firm’s or RR’s control, that DST is not performing to Claimant’s expectations. Accordingly, Claimant has made various allegations and legal claims related to suitability and due diligence with respect to the DST. Allegations also include breach of fiduciary duty, negligence, misrepresentations and omissions, failure to supervise and breach of contract.