The FINRA records of Chad E. Thompson , a currently unlicensed stockbroker who was last employed by IFS Securities , disclose a final regulatory event and a pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In February 2004 the Colorado Division of Securities filed a notice of hearing alleging unsuitable trading, unauthorized trading, unfair and dishonest dealings, securities fraud and failure to supervise. Thompson agreed to a 90 day suspension and repayment of $14,000 to an affected investor. Case#XY 2004-001
In currently pending FINRA Case 14-03343, a customer of Merrimac Corporate Securities alleges damages of $150,000 for churning and unsuitability.
Thompson was employed by IFS Securities from 6/2015-11/2015 and from 2/2013-4/2013. Prior to that he was employed by Merrimac Corporate Securities. Merrimac was expelled by FINRA in 3/2016.
Investors who suffered losses in an account handled by Chad E. Thompson , may be entitled to recover damages from his former employer through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900