CHARLES THOMAS STACY is currently employed as a Broker and/or Investment Adviser at GWN SECURITIES INC. located at 1134 SUNSET LANE, GULF BREEZE, FL, 32563.
CHARLES THOMAS STACY has worked at GWN SECURITIES INC. since April 13, 2018
Disclosure History
CHARLES THOMAS STACY has 1 Disclosure Event(s).
Date: August 05, 2009 Category: Customer Dispute Allegations: 11/07-7/27/09; THE CLIENT STATES THAT HER FINANCIAL ADVISOR IN NOVEMBER 2007 WAS TOLD THAT SHE WANTED AN ANNUITY WITH A GUARANTEE OF NO LOSS. THE CLIENT STATES THAT SHE HAS SINCE LEARNED MORE THAN SHE KNEW AT THAT TIME AND FEELS THAT THE FINANCIAL ADVISOR WAS NOT TAKING INTO CONSIDERATION THAT THE $90,000 WAS ALL SHE HAD EXCEPT HER HOME, RETIREMENT AND SOCIAL SECURITY. THE CLIENT CLAIMS SHE WAS PUT INTO VERY AGGRESSIVE INVESTMENTS AND LOST A GREAT DEAL OF MONEY. THE CLIENT STATES THERE IS $47,086 LEFT OF THE $90,000 MINUS $8,325 TAKEN IN WITHDRAWALS WITH MEANS A LOSS OF $34,602. THE CLIENT WANTS TO KNOW WHAT TO DO TO RECOUP THE LOSS. Damage Amount Requested: $34,602.00 Broker Comment: THE FINANCIAL ADVISOR STATED THAT HE DID NOT RECALL THE CLIENT SHOWING INTEREST IN ANNUITIES. HE STATED THAT THE CLIENT WAS INTERESTED IN MUTUAL FUNDS SO HARTFORD AND AMERICAN FUNDS WERE DISCUSSED. THE CLIENT DECIDED TO PURCHASE HARTFORD FUNDS. THE FINANCIAL ADVISOR STATED THAT THE CLIENT'S FOCUS WAS NOT ON INCOME AT THE TIME AND IT DOES NOT APPEAR AS THOUGH THE INVESTMENT WAS OUT OF LINE WITH THE STATED OBJECTIVES OF THE ACCOUNT. THE OBJECTIVES WERE VERIFIED BY THE CLIENT'S SIGNATURE ON 11/20/07. IT WAS EXPLAINED TO THE CLIENT THAT HAD SHE EXPRESSED CONCERN WITH THE FINANCIAL ADVISOR'S RECOMMENDATIONS AT THE TIME OF PURCHASE, HE WOULD HAVE DISCUSSED ADDITIONAL OPTIONS. NO ADJUSTMENT WILL BE MADE AT THIS TIME.
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