Previously registered D.H Hill broker Charles Stevens (also known as Charles Thomas Stevens) is the subject of a customer dispute filed in July 2019. The dispute alleges fraud, breach of fiduciary duty, negligence, and breach of contract in connection to REIT investments made in 2016. The customer is seeking $100,000 for the alleged damages.
Investor rights attorney Alan Rosca of the Rosca Scarlato LLC law firm is investigating the alleged broker misconduct claims involving Charles Thomas Stevens alleging fraud and breach of fiduciary duty, among others.
Investors who are concerned about their investments with Charles Stevens are encouraged to contact Alan Rosca or his colleagues for a free case evaluation and discussion of their recovery options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
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Charles Stevens Has Three Settled Customer Disputes Disclosed on his Brokercheck
In August 2017, a customer filed a dispute involving D.H Hill broker Charles Stevens alleging unsuitable recommendations, breach of fiduciary duty, negligence, and breach of contract in connection to REIT and BDC investments. There was no specific amount for the alleged damages but in March 2020, the customer received a settlement to the tune of $35,000, as reported on his FINRA Brokercheck page.
In December 2017, a second customer filed a dispute involving Stevens alleging unsuitable recommendations, breach of fiduciary duty, negligence, failure to supervise and breach of contract in connection to REIT and BDC investments. The customer was seeking $150,000 for the alleged damages and in February 2020, they received a settlement of $30,000, according to Steven’s FINRA Brokercheck page.
Additionally, in July 2019, a customer made common law fraud, breach of fiduciary duty, negligence and breach of contract allegations in connection to REIT investments requesting $100,000 in alleged damages. The dispute was settled for $12,500 in September 2021, out of which $10,000 was reportedly Stevens’ individual contribution.
FINRA Sanctioned Stevens for His Alleged Failure to Disclose 19 Federal Tax Liens Among Other Allegations
From February 2006 through February 2020, Charles Thomas Stevens allegedly failed to amend his Uniform Application for Securities Industry Registration (Form U4) to disclose, or timely disclose 19 unsatisfied federal tax liens according to FINRA’s Complaint.
Stevens also allegedly failed to disclose an unsatisfied 2015 judgement against him in the amount of $634,387.65, violating FINRA Rules according to the regulatory proceeding.
In addition, D.H Hill broker Charles Stevens allegedly failed to appear and provide on-the-record testimony in connection with an investigation into Steven’s alleged failure to timely update his Form U4. Through a March 26, 2021 Default Decision, FINRA barred Charles Thomas Stevens from associating with any FINRA member firm in any capacity.
Charles Thomas Stevens Was Registered with FINRA Since 1987
According to Steven’s FINRA Brokercheck page, he was registered with FINRA for 32 years and switched employers three times. Stevens was first employed with NYLife Securities located in St. Augustine, Florida from July 1987 until May 2006.
He was also employed with Eagle Strategies Corp from February 1995 until December 1996. In June 2006, Stevens switched to D.H Hill Securities located in St. Augustine, Florida and remained there until February 2020.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Securities Lawyers May Be Able to Help
The Rosca Scarlato LLC law firm represents investors who lose money as a result of broker misconduct and investment-related fraud. We are currently investigating conduct related to customer dispute alleging fraud and breach of fiduciary duty, among others, as well as FINRA sanction.
The firm takes most cases like this on a contingency fee basis and advances the case costs, we only get paid for the fees and costs out of any money we recover for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented investors who fall victim to their broker’s misconduct and/or violations of FINRA Rules.
Investors who are concerned about their investments with D.H Hill broker Charles Stevens’ alleged broker misconduct may contact attorney Alan Rosca or his colleagues for a free no-obligation evaluation of their recovery options by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
