A former investment advisor from Lake Township, Ohio, was recently charged with theft. Thomas H. Caniford was accused of stealing more than $100,000 from a client in 2008. Caniford was arrested on August 6th and charged with theft, which is a second-degree felony. There is also an investigation underway that involves Caniford and his alleged theft from his own church, St. Peter Catholic Church in Canton, Ohio. There were irregularities in a check drawn on the church’s trust account. The agencies that have been looking into Thomas H. Caniford include the Financial Industry Regulatory Authority (FINRA), the Ohio Department of Commerce’s Division of Securities, the Canton Police Department and chief financial officer of the Catholic Diocese of Youngstown, among others.
Caniford was registered with Integrated Resources Equity Corp from June 1982 until June 1983, Anchor National Financial Services from June 1983 until May 1984, Lowry Financial Services Corp in North Palm Beach, Florida from June 1984 until March 1989, Mutual Service Corp in Boston, Massachusetts from March 1989 until June 1991, Multi-Financial Securities Corp in Denver, Colorado from June 1991 until March 1997, Vestax Securities Corp in Hudson, Ohio from March 1997 until January 2004, M Holdings Securities in North Canton, Ohio from March 2004 until March 2008 and LPL Financial in North Canton from March 2008 until March 2015. He has five customer disputes against him, according to his FINRA BrokerCheck report, one of which is currently pending. He is not licensed within the industry and FINRA permanently barred him from acting as a broker.
If you invested and lost money with Thomas H. Canton, you may be able to sue his former firm, LPL Financial in the FINRA arbitration forum for losses. They may be liable for financial losses because they had a duty to reasonably supervise him while he was employed there. We are Chicago-based securities attorneys who sue firms such as LPL to help investors recover their financial losses. The call is free with no obligation. We take cases on a contingency fee basis only which means we do not make money unless you recover yours. 312-332-4200.