Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 18, 2017 indicate that former Maryland-based NYLife broker/adviser Thomas Howes was discharged from his former employer and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Howes (CRD# 2306099).
Thomas Howes has spent 24 years in the securities industry and is currently not registered with any state or firm. Previous registrations include NYLife Securities in Bethesda, Maryland; Morgan Stanley Smith Barney in Bethesda, Maryland; Morgan Stanley & Company in Bethesda, Maryland; Citigroup Global Markets in Bethesda, Maryland; and Merrill Lynch in New York, New York. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 31 (Futures Managed Funds Examination); and Series 7 (General Securities Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received three customer complaints and was discharged from a former employer.
In April 2016 he was terminated from his position at NYLife Securities following allegations he “failed to timely disclose a 2012 federal tax lien on his Form U4.”
In 2012 a customer alleged Thomas Howes, while employed at Morgan Stanley & Company, excessively traded the account. The complaint settled for $130,000.
In 2003 a customer alleged Thomas Howes, while employed at Salomon Smith Barney, made unsuitable investment recommendations, executed unauthorized trades, acted negligently, misrepresented material facts, breached his fiduciary duty, and breached contract. The complaint settled for $150,000.
In 2001 a customer alleged Thomas Howes, while employed at Salomon Smith Barney, made unsuitable trades. The complaint settled for more than $229,300.
If you have lost money investing with Thomas Howes, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.