THOMAS CARLOS NIEVES is currently employed as a Broker and/or Investment Adviser at SUMMIT BROKERAGE SERVICES, INC. located at 21550 OXNARD STREET, SUITE 695, WOODLAND HILLS, CA, 91367.
THOMAS CARLOS NIEVES has worked at SUMMIT BROKERAGE SERVICES, INC. since March 18, 2011
THOMAS CARLOS NIEVES has 4 Disclosure Event(s).
Date: December 01, 2010 Category: Employment Separation After Allegations Firm Name: ING FINANCIAL PARTNERS, INC. Termination Type: Discharged Allegations: REPRESENTATIVE FAILED TO TIMELY NOTIFY THE FIRM AND FINRA (VIA AN AMENDED FORM U4) OF TWO FINANCIAL DISCLOSURE EVENTS.
Date: June 03, 2002 Category: Customer Dispute Allegations: THE CLIENTS ATTORNEY ALLEGED I MADE RECOMMENDATIONS THAT WERE NOT PRUDENT, CONSIDERING THE CLIENT IS A DISABLED CHILD AND IN NEED OF THE MOST SECURE INVESTMENTS. THE CLIENT LOST APPROXIMATELY 9% OF HER INVESTMENT. Damage Amount Requested: $57,522.00 Broker Comment: OUR REVIEW FOUND THE ADVISOR'S RECOMMENDATIONS WERE PRUDENT BASED ON THE CLIENT'S GOAL OF LONG-TERM GROWTH AND AN INVESTMENT TIME FRAME OF TEN OR MORE YEARS. THE FUNDS WERE LIQUIDATED AFTER ONLY SEVEN MONTHS, AND WERE NOT GIVEN TIME TO RECOVER FROM THE DECLINE IN US MARKETS FOLLOWING THE 09/11/01 TRAGEDIES. THE ASSET ALLOCATION WAS FOUND TO BE MODERATELY CONSERVATIVE.
Date: March 13, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES CLAIMS OF INTENTIONAL AND NEGLIGENT MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, FRAUD AND CONCEALMENT AGAINST HER ADVISOR AND AEFA IN THIS MARKET LOSS CASE WHEN THE VALUE OF HER ACCOUNT DIMINISHED BY APPROXIMATELY HALF. Damage Amount Requested: $75,000.00 Settlement Amount: $9,750.00 Broker Comment: THE PARTIES CHOSE TO SETTLE THIS AMOUNT IN ORDER TO AVOID THE COSTS ASSOCIATED WITH ARBITRATION. I WAS DISMISSED FROM THE CASE AS PART OF THE SETTLEMENT AND I CONTRIBUTED NOTHING TO THE SETTLEMENT AMOUNT.
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