Bill B. Thomas is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 127 EAST CHESTNUT STREET, CORYDON, IN, 47112.
Bill B. Thomas has worked at EDWARD JONES since April 25, 1986
Disclosure History
Bill B. Thomas has 2 Disclosure Event(s).
Date: September 01, 2004 Category: Customer Dispute Allegations: CLIENT CLAIMS THE IR INVESTED THEIR $70,000 INTO AN INVESTMENT WITH A LOCKED RATE OF 7 1/4 % AND THAT THE INTEREST CHECK WOULD BE $408 PER MONTH. ACCORDING TO THE CLIENT, THEY ASKED THE IR IF THEY COULD LOSE ANY OF THEIR $70,000 AND THAT THE IR ASSURED THEM THEY WOULD NOT. THE CLIENT CLAIMS TO HAVE SUBSEQUENTLY INQUIRED INTO THEIR $70,000 INVESTMENT AND ALLEGES THAT THE IR INFORMED THEM THAT THEY ONLY HAD $38,000 LEFT BECAUSE THE $408 MONTHLY DISTRIBUTION WAS BEING TAKEN FROM THE PRINCIPAL. CLIENT IS ASKING FOR SOME OF THEIR INVESTMENT BACK. ALLEGED LOSSES EXCEED $5,000. Damage Amount Requested: $5,000.00 Broker Comment: A REVIEW OF OUR RECORDS INDICATES THAT CLIENT HAS OWNED MUTUAL FUNDS SINCE 2000. THE CLIENT WAS RECEIVING A MONTHLY DISTRIBUTION OF $408 SINCE 2000. ACCORDING TO THE IR, HE DISCUSSED IN DETAIL THE MUTUAL FUND PROSPECTUS AND SHOWED THE CLIENT ILLUSTRATIONS REGARDING THE INVESTMENTS. ACCORDING TO THE IR, HE DISCUSSED WITH THE CLIENT TO HAVE CLIENT'S MONTHLY DISTRIBUTION LOWERED AND THE CLIENT ELECTED TO KEEP HIS DISTRIBUTION AMOUNT THE SAME REGARDLESS OF WHAT THE IR RECOMMENDED. BASED UPON OUR RESEARCH IT DOES NOT APPEAR THE IR MISLED THE CLIENT AND IT DOES NOT APPEAR THE INVESTMENTS WERE UNSUITABLE. REQUEST FOR REIMBURSEMENT DENIED.
Date: December 19, 2000 Category: Customer Dispute Allegations: THE CLIENT QUESTIONS THE SUITABILITY OF BUYING AND SELLING 34 STOCKS IN A THREE YEAR TIME PERIOD. IN ADDITION, THE CLIENT IS NOT HAPPY WITH THE PERFORMANCE OF FOUR RECENTLY PURCHASED STOCKS WHICH HE STATES HAVE DECREASED IN VALUE APPROXIMATELY $8,000. Damage Amount Requested: $8,000.00 Broker Comment: THOMAS STATES THE CLIENT HAS DIRECTED THE TRANSACTIONS EFFECTED IN HIS ACCOUNT. FURTHERMORE, THOMAS HAS CONSISTENTLY DISCOUNTED THE COMMISSIONS ON THESE TRANSACTIONS. THE CLIENT HAS TAKEN SUBSTANTIAL SYSTEMMATIC WITHDRAWALS, APPROXIMATELY $35,000 SINCE THE ACCOUNT INCEPTION. THOMAS STATES HE EXPLAINED TO THE CLIENT THAT THE RETURN ON THE INVESTMENTS WOULD NOT MAKE UP FOR THE WITHDRAWALS. CLAIM DENIED
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for Bill B. Thomas, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.