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Thomas Herbert Bock formerly with Mutual Securities, Inc. Has 7 Customer Complaints For Alleged Broker Misconduct

Who is Thomas H. Bock formerly with Mutual Securities, Inc.?

Thomas Bock (CRD #806182) who was formerly registered with Mutual Securities, Inc. and located in Denver, Colorado is a subject of one of our many securities industry sales practice abuse investigations. Prior to Mutual Securities, Inc., Thomas Bock was associated with 4 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Thomas Bock has been the respondent into arbitration claims filed by his former customers. In those arbitrations, the investors alleged, among other things, breach of duty of loyalty, breach of duty to deal fairly and honestly with claimants, breach of duty of full disclosure, breach of duty to act in good faith and in claimant’s best interests, negligence, fraud, in violation of federal and state securities laws as well as FINRA rules of conduct. The most recent arbitration award against his former employer and himself resulted in an arbitration award the amount of $773,527.

Thomas Bock failed to satisfy the most recent arbitration award and was suspended indefinitely by FINRA from association with any member firm in any capacity until that award is paid.

Mutual Securities, Inc. Broker Misconduct

In his career, Thomas Bock has been the subject of 7 customer complaints that we know about, 3 of those complaints were filed in the last two years to recover investment losses. As described above, 2 of those customer complaints went to arbitration and awards were entered in favor of the investors. One of Thomas Bock’s 7 customer complaints was settled in favor of investors. One of the customer complaints was denied in to date, the customer is not taken any action. Three of the customer complaints There are currently 3 pending customer complaints filed against Thomas Bock’s former employer Mutual Securities, Inc. for investment losses caused by his alleged misconduct.

Allegations Against Thomas Bock

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Clients alleged that the investments in their accounts, did not correspond to their investment objectives, or highly speculative, and unsuitable.
  • Client alleged that he suffered a multimillion dollar loss due to financial mismanagement, gross negligence, fraud, breach of fiduciary duty, and churning.
  • Client alleged that her representative invested her portfolio in an un-diversified manner and high-risk securities that were unsuitable for her.
  • Claimant’s allegations include breach of contract, breach of fiduciary duty, negligence, misrepresentation or omission, violations of various FINRA rules.

Thomas Bock Red Flags & Your Rights As An Investor

Of course, Thomas Bock did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Thomas Bock at Mutual Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Thomas Bock has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Mutual Securities, Inc. also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Mutual Securities, Inc.  

If you have questions about Mutual Securities, Inc. and/or Thomas Bock and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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