Last Updated: April 2025 | Savannah, GA
Here’s what you need to know about Savannah, GA, stockbroker T.S. Thompson:
- Name: Mr. Terry Sloan Thompson
- Current Employer: None (Not currently registered with FINRA)
- Prior Employers: Truist Investment Services, BB&T Securities, Merrill Lynch, Wachovia Securities
- Function: Stockbroker / Registered Investment Advisor
- Aliases: T S Thompson, T. Sloan Thompson, Sloan Thompson
- Primary Location: Savannah, GA
- CRD: 2588490
- Can T.S. Thompson be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $439,563
- Pending Customer Disputes Seek Damages of: In excess of $400,000
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 T.S. Thompson As Your Stockbroker?
T.S. Thompson, formerly of Truist Investment Services in Savannah, GA, has been involved in 32 customer disputes and was terminated by Truist in March 2024 after allegedly failing to report or timely report client complaints. Most of the complaints have been settled with total payments to resolve cases with customers exceeding $4 million. A few of the largest settlements include:
- $439,563
- $406,786
- $342,733
Most of these claims involve unsuitable investment recommendations and account mismanagement in managed investment accounts between 2021 and 2024. Multiple clients allege that Thompson’s advice resulted in significant underperformance, and some complaints involve allegations of unauthorized trading and failure to follow client instructions.
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Termination After Allegations: Truist Investment Services, where he had been employed since 2/2021, discharged Thompson in March 2024 for failure to timely report multiple client complaints.
Allegations of Broker Misconduct Against T.S. Thompson
Clients of T.S. Thompson have alleged the following misconduct:
- Unsuitable Investment Recommendations
- Misrepresentation and Failure to Disclose Risks: Clients alleged they were misled about the performance and risk of managed investment strategies.
- Failure to Follow Client Instructions: In one case, Thompson was accused of ignoring specific client directives, resulting in a settlement of $123,517.
- Unauthorized Trading: Some disputes suggest trades were executed without proper authorization or timely client communication.
At least 5 customer disputes remain pending. In one case the customer alleges unsuitable recommendations in a managed account and is seeking $400,000 . No specific damage amount has been established in the other pending cases. These ongoing matters include FINRA arbitration cases across the country, including in Atlanta, Jacksonville, Columbia, and Los Angeles.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Truist Investment Services brokers
If you have suffered investment losses in an account handled by T.S. 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.