Goodman and Nekvasil May Recover Investor Losses | Thomas Joseph Vilord (Thomas Vilord), Financial Advisor Barred by FINRA
Thomas Vilord was previously licensed with Summit Brokerage Services, Inc. and Sagepoint Financial, Inc. Reported by FINRA on December 22, 2016, Thomas Vilord, was barred from association with any FINRA member in any capacity. FINRA reports Thomas Vilord consented to the sanction and to the entry of findings that Thomas Vilord participated in undisclosed private securities transactions involving more than $347,500 in unregistered corporate debenture notes sold to customers of his member firm.
FINRA found that Thomas Vilord lacked a reasonable basis to recommend the notes because he failed to conduct adequate due diligence on the offering. FINRA reports that Thomas Vilord’s knowledge of the company was limited to his conversations with the company’s owner, information contained on the company’s website, and Google searches.
The findings also included that Thomas Vilord willfully failed to timely disclose customer complaints related to the sales on his Form U4 and made false statements about one complaint in a Form U4 filing. FINRA found that Thomas Vilord provided false statements regarding the same complaint in his written response to FINRA request for information and documents concerning the offering and a customer’s complaint.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Thomas Joseph Vilord, you may be able to recover your losses from Summit Brokerage Services, Inc. and/or Sagepoint Financial, Inc. This is because Summit Brokerage Services, LLC and Sagepoint Financial, Inc., had a duty to supervise Thomas Joseph Vilord. If you 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.