Thomas Billman – Financial Advisor Thomas Billman Suspended from Securities Industry | Goodman & Nekvasil, PA May Recover Investor Losses
Thomas Billman CRD #4664309
Thomas Billman was licensed with Park Avenue Securities LLC from 2009 until Thomas Billman’s resignation in 2012. Thomas Billman was then licensed with MML Investors Services, LLC from 2012 until Thomas Billman’s resignation in 2014. FINRA reports that Thomas Billman was suspended from the securities industry for four months and ordered to pay a $5,000 monetary fine on June 30th, 2014. FINRA reports that Thomas Billman consented to the sanctions and to the entry of findings that Thomas Billman engaged in outside business activities by receiving compensation for selling unapproved equity indexed annuities to nine individuals, three of whom were customers of Thomas Billman’s member firm, without giving prior written notice of engagement in such business activities, as well as other allegations. The findings state that the sales of the unapproved equity indexed annuities totaled $512,924.58.
Park Avenue Securities LLC reported to FINRA that Thomas Billman was permitted to resign on November 12th, 2012 after admitting to selling unapproved indexed annuities.
MML Investors Services, LLC reported to FINRA that Thomas Billman was discharged on April 8th, 2014 in connection with an ongoing FINRA investigation and lack of sufficient production to warrant heightened supervision.
If you lost any money on investments with Thomas Billman, you may be able to recover your losses from MML Investors Services, LLC. This is because MML Investors Services, LLC had a duty to supervise Thomas Billman.
If you lost money on investments with Thomas Billman and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against MML Investors Services, LLC concerning Thomas Billman’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Thomas Billman and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
thomas billman, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, thomas billman