Last Updated: February 2026 — Houston, TX
Here’s what you need to know about Houston, TX stockbroker Robert Wayne Thompson:
- Name:Robert Wayne Thompson
- Alias: Bob Thompson
- Current Employer:Not currently registered with any FINRA-member firm
- Prior Firms:
- The O.N. Equity Sales Company (2015–2025)
- United Planners’ Financial Services of America (2013–2014)
- W. Cole Financial, Inc. (2011–2013)
- Walnut Street Securities, Inc. (1990–2011)
- Equico Securities, Inc. (1980–1984; 1987–1990)
- The Equitable Life Assurance Society of the United States
- Other Business Affiliations:
- ON Investment Management Company (RIA)
- Ohio National Financial Services
- First Texas Alliance Corp (Insurance sales – life & disability)
- CRD Number: 713539
- Stockbroker / Financial Advisor:Former FINRA-registered broker; Series 7, Series 24 (General Securities Principal), Series 63, Series 65; SIE; also holds the Chartered Financial Consultant (ChFC) designation
- Can Broker be Sued in FINRA:Yes
- Discharged by a Prior Employer:Yes (October 28, 2025- allegations of theft)
- Highest Award of Settlement:$3,059
- Current Customer Dispute Seeks Total Damages of:$2,325,953
Mr. Thompson is not currently registered as a broker. He has been in the securities industry since 1980 and previously held supervisory qualifications (Series 24).
If you’ve sustained damages from Mr. Thompson, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bob Thompson As Your Stockbroker?
Mr. Thompson’s record reflects both a prior settled dispute and a significant pending civil lawsuit, along with a termination.
Pending Civil Litigation – Filed October 2025
A lawsuit filed in Dallas County, Texas (Case No. DC-25-19289) alleges that Mr. Thompson misappropriated funds awarded to a customer in connection with damages from a commercial vehicle event. The alleged conduct occurred between September 2023 and August 2025.
- Alleged Damages:$2,325,953
The allegations involve claims of misappropriation and misuse of client funds.
Termination – October 28, 2025
The O.N. Equity Sales Company discharged Mr. Thompson after receiving a lawsuit alleging that he misappropriated customer funds and acted as power of attorney (POA) without firm consent.
Investigations involving Theft and Misappropriation of Customer Funds
Investigations involving forgery by financial advisors
Prior Customer Dispute – Settled (2004)
While associated with Walnut Street Securities, Inc., a claimant alleged that the signature on a premium allocation form was not his. That matter was settled for $3,059.
Allegations of Broker Misconduct Against Robert Wayne Thompson
The disclosed matters include allegations commonly associated with:
- Misappropriation of Funds— Taking or using client funds without authorization.
- Unauthorized Acting as Power of Attorney— Exercising control over client assets without proper firm approval raises significant supervisory and compliance concerns.
- Failure to Disclose Outside Business Activities (OBAs)— FINRA Rule 3270 requires brokers to disclose and obtain approval for outside business activities.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bob Thompson, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.