Published On: April 12, 2016

Did you lose money with Raymond Louis Thomas with Farmers Financial Solutions? If so, the lawyers of Stoltmann Law Offices may be able to help you recover those losses on a contingency fee basis in the Financial Industry Regulatory Authority (FINRA) arbitration claims forum. Please call 312-332-4200 to speak to an attorney for free to discuss your options. There is no obligation.

According to his Letter of Acceptance, Waiver and Consent (AWC), Thomas, while registered with Farmers, sold insurance products issued by an Insurance affiliate. Between January 2014 and October 2014, allegedly Thomas wrote 20 renter’s insurance policies that were fictitious. By doing so, he caused the Insurance affiliate to pay $24,529 in subsidy payments to Thomas that would not have been paid but for the issuance of the fictitious policies. This is against securities rules and regulations. He was barred from the industry. Thomas was registered with Farmers in Oklahoma City, Oklahoma from August 2013 until February 2015.

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