Last Updated: February 2025 (Chandler, AZ)
Thomas Lundgaard Investigation Summary
Here’s what you need to know about Chandler, AZ, stockbroker Thomas Lundgaard:
- Name: Mr. Thomas Bodnar Lundgaard
- Current Employer: Not currently registered
- Prior Employers:
- Kestra Investment Services, LLC (2016 – 2023)
- SII Investments, Inc. (2009 – 2016)
- SagePoint Financial, Inc. (2005 – 2009)
- SunAmerica Securities, Inc. (1996 – 2005)
- Function: Stockbroker / Financial Advisor
- Primary Location: Chandler, AZ
- DBA: TBL Financial, Watermark Wealth Strategies North
- CRD#: 2820129
- Can Thomas Lundgaard be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $135,000
If you’ve sustained damages from Mr. Lundgaard, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Thomas Lundgaard As Your Stockbroker?
A customer dispute was filed in the District Court of Cleveland County, OK, alleging that Thomas Lundgaard, failed to obtain required documentation for a Revocable Trust.
The matter was settled for $135,000 on May 28, 2024.
- Case Number (Settled Dispute): District Court of Cleveland County, Oklahoma – Case No. CJ-2022-368
Allegations of Broker Misconduct Against Thomas Lundgaard
Customers and legal proceedings have raised concerns about the following misconduct by Thomas Lundgaard:
- Failure to Obtain Required Documentation – Lundgaard allegedly failed to secure necessary paperwork for the administration of a revocable trust, leading to litigation and a substantial financial settlement.
The Financial Industry Regulatory Authority (FINRA) mandates brokers to report all customer disputes, regulatory sanctions, and legal matters. FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) requires brokers to act with integrity, which may be relevant in cases of negligence or misconduct.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Thomas Lundgaard, 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