Last Updated: February 2024 (Bristol, VA)
Jack Thacker Investigation Summary
Here’s what you need to know about Bristol, VA, Kingsport, TN, stockbroker and registered investment advisor Jack Thacker:
- Name: Mr. Jack Robert Thacker, Jr.
- Current Employer: Realta Equities Inc.,
- DBA: Thacker and Associates
- Previous Firms: Arete Wealth Advisors, Center Street Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: J.R. Thacker, Jack Thacker
- Primary Location: Bristol, VA / Kingsport, TN
- CRD 2754773
- Can Jack Thacker be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $340,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jack Thacker As Your Stockbroker?
A customer of Center Street Securities filed a FINRA arbitration in 7/2023 alleging that Jack Thacker recommended unsuitable investments in alternative investments. Damages of $340,000 are sought in this currently pending matter.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Jack Thacker
A customer of Jack Thacker has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Recommendation to invest in Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
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.
What is an Investment Adviser?
“An investment adviser is a
- firm or person
- that, for compensation, engages
- in the business of providing investment advice to others about the value of or about investing in securities – stocks, bonds, mutual funds, exchange traded funds (ETFs), and certain other investment products
and/or
- in issuing reports or analyses regarding securities, as part of a regular business.
Advisers typically provide ongoing advice about buying, selling and/or holding investments and will monitor the performance of your investments and their alignment with your overall investment objectives. The fee that you pay for this advice is typically based on the value of all of the assets held in your account with the adviser. You may pay other fees and costs related to servicing your account and the investments that you buy, sell or hold. Advisers also may give advice about market trends or asset allocation or offer financial planning services.”
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: See this for information on other investigations of Center Street Securities brokers
If you have suffered investment losses in an account handled by Jack Thacker , 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.
