JACK THOMAS is currently employed as a Broker and/or Investment Adviser at INDEPENDENT FINANCIAL GROUP, LLC located at 339 West State Street, SUITE 201, EAGLE, ID, 83616.
JACK THOMAS has worked at INDEPENDENT FINANCIAL GROUP, LLC since March 01, 2010
JACK THOMAS has 1 Disclosure Event(s).
Date: January 13, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THE FIRM THROUGH/AND BY ITS REGISTERED REPRESENTATIVES MISMANAGED THEIR ACCOUNT BY THE WRONGFUL CONDUCT IN RECOMMENDING UNSUITABLE SECURITIES; BEACH OF FIDUCIARY DUTY; CONSTRUCTIVE FRAUD; FRAUD BY MISREPRESENTATION AND OMISSION; BREACH OF WRITTEN CONTRACT; NEGLIGENCE; FAILURE TO SUPERVISE; AND VIOLATION OF STATE AND FEDERAL SECURITIES LAWS. Damage Amount Requested: $571,000.00 Settlement Amount: $4,000.00 Broker Comment: INDIVIDUAL WAS THE REPRESENTATIVE OF RECORD ON TWO OF THE THREE PRODUCT PURCHASES REFERENCED IN SECTION 6. ONE INVOLVED A 1031 TAX-DEFERRED REAL ESTATE EXCHANGE WHICH THE PLAINTIFFS REQUESTED INDIVIDUAL'S HELP ON. THAT INVESTMENT IS STILL PERFORMING. THE FIRM AND ITS REGISTERED REPRESENTATIVES DENY ALL ALLEGATIONS ASSERTED BY CLAIMANTS. FURTHER, RESPONDENTS RELIED UPON CLAIMANTS PERSONAL AND WRITTEN DISCLOSURES TO THEIR REGISTERED REPRESENTATIVES AND AFA FINANCIAL GROUP THAT THEY WERE SUITABLE INVESTORS FOR THE PROGRAMS PURCHASED. ON OR AROUND JUNE 11, 2012, THE CLAIMANTS DISMISSED THE CASE AGAINST REGISTRANT.
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