January 3, 2020 Comments Off on Tom Gilliam Parks Jr. (Gil Parks) Broker Investigation Blog

Tom Gilliam Parks Jr. (Gil Parks) Broker Investigation

Tom Gilliam Parks Jr. (Gil Parks) Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor Tom Gilliam Parks Jr. (Gil Parks), Ameriprise Financial  in Stephenville, TX

Are you concerned about investments with Tom Gilliam Parks Jr. in Stephenville, TX? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to his FINRA BrokerCheck report, Tom Gilliam Parks Jr. (Gil Parks) was reportedly affiliated with Ameriprise Financial Services in Stephenville, TX for 23 years until he reportedly “resigned while on heightened supervision for violations of company policy related to suitability, client disclosure and outgoing correspondence.”

Parks reportedly has 27 (twenty-seven) customer complaints filed against him during his career in the securities industry.

According to FINRA, Parks was allegedly heavily investing his clients in oil and gas MLPs such as Cushing oil and gas investments. Aside from the numerous FINRA suits filed against him, Parks was also the subject of a civil suit in the Tarrant County, Texas District Court where the customer was seeking $1,000,000.00 in damages based on allegations that fiduciary obligations were violated; the customer’s account had been administered in a negligent matter; contractual obligations failed to be complied with; investment advice was shoddy; the customer was provided false or misleading statements concerning the terms, conditions or risks of investments; and the customer was defrauded by purchasing insurance products and Energy Infrastructure Fund.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Parks’ employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Texas. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with Tom Gilliam Parks Jr., please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.

 

 

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