ANDREW DEMOSS TOMLINSON is currently employed as a Broker and/or Investment Adviser at GENEOS WEALTH MANAGEMENT, INC. located at 824 VALLEY STREET, PRESCOTT, AZ, 86305.
ANDREW DEMOSS TOMLINSON has worked at GENEOS WEALTH MANAGEMENT, INC. since October 16, 2006
Disclosure History
ANDREW DEMOSS TOMLINSON has 4 Disclosure Event(s).
Date: February 02, 2015 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT INVESTMENTS MADE IN LIMITED PARTNERSHIPS IN 2005 & 2007 WERE UNSUITABLE AND OTHER RELATED CAUSES OF ACTION. Damage Amount Requested: $300,000.00 Settlement Amount: $30,000.00 Broker Comment: I STRONGLY DENY THESE ALLEGATIONS. APPROPRIATE DOCUMENTS AND MATERIALS WERE PRESENTED BEFORE AND AT THE TIME OF THESE PURCHASES. CLIENTS UNDERSTOOD THE RISKS INVOLVED WITH THEIR INVESTMENTS, AND IN 2005 AND 2007, THEY CHOSE TO PURCHASE THESE INVESTMENTS. NOW, 8-10 YEARS LATER, CLIENTS ARE CLAIMING MISREPRESENTATION AND UNSUITABLE RECOMMENDATIONS. THESE CLAIMS ARE WITHOUT MERIT.
Date: November 29, 2012 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT VARIOUS ALTERNATE INVESTMENT PURCHASED BETWEEN JULY 2007 AND NOVEMBER 2008 WERE UNSUITABLE. Damage Amount Requested: $26,638.97 Settlement Amount: $26,638.97 Broker Comment: THE INVESTOR WAS A SUCCESSFUL BUSINESS OWNER IN A HIGHLY COMPETITIVE INDUSTRY IN ONE OF OUR MAJOR CITIES AND HAS ALWAYS BEEN ATHLETICALLY ACTIVE. HE HAD INVESTED IN EQUITIES MOST OF HIS LIFE AND ACTUALLY CREATED HIS OWN REAL ESTATE AND DEVELOPMENT LLC. AT THE TIME OF SALE OF THE QUESTIONED PRODUCTS, THE INVESTOR MET THE SUITABILITY REQUIREMENTS. APPROPRIATE DOCUMENTS AND MATERIALS WERE PRESENTED BEFORE AND AT THE TIME OF THE SALES. AFTER THE FINANCIAL COLLAPSE OF 2008, EVENTS OCCURRED THAT CREATED CIRCUMSTANCES THAT WERE ALMOST BEYOND MANAGEMENT BY THE SPONSORS. THIS CREATED UNCERTAINTY, ANXIETY AND CONFUSION FOR THE INVESTORS. WE ATTEMPTED TO EXPLAIN WHAT WAS TRANSPIRING FROM INFORMATION PROVIDED BY THE SPONSORS TO HELP THE INVESTORS UNDERSTAND THE CIRCUMSTANCES TO THE BEST OF OUR KNOWLEDGE."
Date: November 16, 2010 Category: Customer Dispute Allegations: CLIENTS ALLEGE MISREPRESENTATION, OMISSION OF MATERIAL FACTS AND THE RECOMMENDATION OF UNSUITABLE INVESTMENTS PERTAINING TO DBSI. Damage Amount Requested: $1,500,000.00 Settlement Amount: $603,063.00 Broker Comment: APPROPRIATE DISCLOSURES AND MATERIALS WERE PRESENTED BEFORE AND AT THE TIME OF THE SALE.THE ABOVE LITIGATION WAS SETTLED BY MY BROKER/DEALER WITHOUT MY ADMITTING OR DENYING ANY OF THE ALLEGATIONS LISTED IN THE COMPLAINT.
Date: January 08, 1997 Category: Customer Dispute Allegations: [CUSTOMERS] ALLEGEDTHROUGH THEIR ATTORNEY AND A PROFESSIONAL WITNESS THAT MR.TOMLINSON WAS REMISS IN HIS RECOMMENDED INVESTMENTS AND FAILEDTO PROVIDE PERIODIC REVIEWS AND UPDATES. THEY ALSO CLAIMEDHORNOR, TOWNSEND, & KENT FAILED TO SUPERVISE MR. TOMLINSON.THROUGHT THEIR ATTORNEY AND PROFESSIONAL WITNESS, THEY CLAIMEDDAMAGES IN EXCESS OF $200,000.00 Damage Amount Requested: $200,000.00 Damages Granted: $15,000.00 Broker Comment: THE ARBITRATION PANEL, WITHOUT MAKING COMMENTSABOUT THEIR DECISION, DIRECTED MR. TOMLINSON AND HORNOR,TOWNSEND & KENT TO PAY THE [CUSTOMERS] THE SUM OF $15,000.00.MR. TOMLINSON AND HTK SUBMITTED VOLUMES OFEVIDENCE WHICH INCLUDED SIGNED PROSPECTUS RECEIPTS, CALENDARSWITH DATES OF APPOINTMENTS AND PHONE CALLS, AND COPIES OFSTATEMENTS AND REPORTS. [OTHER FIRM EMPLOYEE], FROM THE COMPLIANCEDEPARTMENT OF HTK, DISCUSSED SUPERVISORY PRACTICES OF HTK ANDTHE FACT MR. TOMLINSON HAD A CLEAN RECORD. [ATTORNEY],ATTORNEY FOR THE DEFENSE, VOLUNTEERED THE STATEMENT THAT AMINIMAL JUDGEMENT IN LIEU OF THE DEMANDS MADE AND EVIDENCEPRESENTED WAS A DECISION FOR THE DEFENSE.
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