National investment loss lawyers KlaymanToskes is investigating broker Thomas B. Underwood III (CRD# 6006367) formerly of Cary Street Partners. Underwood is currently registered as an investment advisor with Bright Wealth Management.
According to FINRA BrokerCheck, broker Thomas B. Underwood III is involved in a customer complaint alleging $1,875,581 in investor damages. The complaint alleges investment losses from aggressive trading including options.
Underwood was reportedly permitted to resign from Cary Street Partners in July 2024 after allegations of conduct involving the exchange of electronic communications with customers not using the firm’s system.
Investors that suffered losses with broker Thomas B. Underwood III are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Former Cary Street Partners Broker Thomas B. Underwood III Faces Customer Complaint
Financial advisor Thomas B. Underwood III, formerly of Cary Street Partners, is currently facing a pending customer complaint alleging $1,875,581 in investor damages. The investor allegedly suffered losses in Options, ETFs, Index Options, and Common & Preferred Stock. The complaint alleges losses from aggressive trading including options. Cole was previously registered as a broker with Cary Street Partners from April 2023 to August 2024 in Glen Allen, VA. Cole was permitted to resign following allegations of conduct involving the exchange of electronic communications with customers not using the firm’s system. Currently, Thomas B. Underwood III is registered as an investment advisor with Bright Wealth Management.
Investment Losses with Broker Thomas B. Underwood III?
Contact KlaymanToskesSigns Investors Should Look Out For About Their Brokerage Accounts
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
- You have substantial losses in your investment accounts
- You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
- Your broker misrepresented investment opportunities, or failed to disclose details about investments
- You notice unauthorized transactions in your investment accounts
- Your broker is not returning your calls or emails
- You filed a complaint with your brokerage firm that has not been resolved
- You see a mistake on your statement, or receive a fraudulent statement
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Thomas B. Underwood III, or have concerns regarding your investment portfolio at Cary Street Partners, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
