There are options for clients of McDermott Investment Services, LLC broker Troy Thomas (CRD# 4691720) who suffered investment losses. He has been registered with McDermott Investment Services, LLC in Huntington Beach, California, since 2012.
Troy Thomas Customer Complaints
He has been the subject of three customer complaints between 2010 and 2023, according to his CRD report. The most recent complaint was regarding:
January 2023. “[REDACTED] allege that the firm failed to conduct adequate due diligence in connection with [REDACTED]’s 2015 investment into four Delaware Statutory Trusts purchased to effect a tax-advantaged 1031 exchange of [REDACTED]’s prior real estate investments. [REDACTED] also allege that these investments were unsuitable. Allegations also include breach of fiduciary duty, negligence, common law fraud, and failure to supervise.” The case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, McDermott Investment Services, LLC may be liable for investment or other losses suffered by Troy Thomas’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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