Charles Thomas Stevens

Charles Thomas Stevens Review Summary

  1. From February 2006 through February 2020, while associated with two FINRA
    member firms, Respondent Charles Thomas Stevens willfully failed to amend his Uniform
    Application for Securities Industry Registration or Transfer (Form U4) to disclose, or to timely
    amend his Form U4 to disclose, 19 unsatisfied federal tax liens. He also willfully failed to
    disclose an unsatisfied 2015 judgment against him in the amount of $634,387.65. As a result,
    Stevens violated Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010.
  2. Stevens also made false statements to his member firm employer regarding his tax
    liens and judgment in annual certifications he completed in 2016, 2017, and 2018. As a result,
    Stevens violated FINRA Rule 2010.
  3. Additionally, Stevens failed to appear and provide on-the-record testimony
    requested by Enforcement pursuant to FINRA Rule 8210, in connection with its investigation
    into Stevens’s failure to timely update his Form U4. As a result, Stevens violated FINRA Rules
    8210 and 2010.
    RESPONDENT AND JURISDICTION
  4. Stevens entered the securities industry in June 1987 when he became registered
    with FINRA as a General Securities Representative (GSR) through an association with NY Life
    Securities, LLC (NY Life), a FINRA member firm.
  5. In a May 24, 2006 Uniform Termination Notice of Securities Registration (Form
    U5), NY Life reported the termination of Stevens’s association with the firm.
  6. In June 2006, Stevens became registered with FINRA as a GSR through an
    association with D.H. Hill Securities, LLLP (D.H. Hill), a FINRA member firm.
  7. In a February 5, 2020 Form U5, D.H. Hill reported the voluntary termination of
    Stevens’s association with the firm.
  8. Stevens has not been registered with FINRA through, or associated with, any
    FINRA member firm since the termination of his association with D.H. Hill.
  9. Although Stevens is no longer registered or associated with a FINRA member
    firm, he remains subject to FINRA’s jurisdiction for purposes of this proceeding, pursuant to
    Article V, Section 4 of FINRA’s By-Laws, because (1) the Complaint was filed within two years
    after February 5, 2020, which was the effective date of termination of Respondent’s registration
    with FINRA through D.H. Hill; (2) the Complaint charges him with misconduct committed
    while he was registered or associated with a FINRA member firm; and (3) the Complaint charges
    him with failing to appear for on-the-record testimony during the two-year period after the date
    on which he ceased to be registered or associated with a FINRA member.

How To Spot A Fraud Finance Advisor (Infographic)

How To Spot A Fraud Finance Advisor (Infographic) Like Charles Thomas Stevens
How To Spot A Fraud Finance Advisor (Infographic)

Help For Victims Of Charles Thomas Stevens

If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Charles Thomas Stevens. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.

Read the report for: David Alan Stateman

Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.

Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.

2.7 Total Score
Charles Thomas Stevens Review Verdict

Charles Thomas Stevens has been involved in fraudulent activities and is an unsafe professional entity. We strongly recommend you avoid any association with such a shady figure.

Trust
2.5
Honesty & Transparency
3
Reliability
3
Experience
4
Reputation
2.5
Fees & Commission
3
Safety
2.5
CONS
  • Shady Activity
  • Swindling Activity Reported By Clients
  • Under Govt. Organization's Radar
  • High Risk of Fraud
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