Last Updated: October 2023 (Mission Viejo, CA)
Michael Thomas Investigation Summary
Here’s what you need to know about Mission Viejo, CA, stockbroker Michael Thomas:
- Name: Mr. Michael Paulding Thomas
- Current Employer: Innovation Partners LLC, IP Financial Advisory Services (RIA)
- Previous Firms: Parsonex Securities, Parsonex Advisory Services
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Michael Thomas
- Primary Location: Mission Viejo, CA
- CRD 2231234
- Can Michael Thomas be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Employment Separation After Allegations: Yes
- Discloses outstanding judgments/liens: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Thomas As Your Stockbroker?
In 2007 Michael Thomas voluntarily resigned from CCF Investments who make the following allegation on Thomas’ FINRA record: “Involved in many different outside activities without broker/dealer approval. This is a violation of firms written procedures.”
Michael Thomas Has Numerous Currently Outstanding Judgment/Liens
Michael Thomas discloses 6 currently outstanding judgment/liens. Five of the liens, which are filed in Santa Ana, CA, are for taxes owed to the Internal Revenue Service dating back to 2010 and totaling more than $180,000. The other is in favor of the State of California Franchise Tax Board in the amount of $4,610.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Michael Thomas, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
