DID RUSSELL L THOMPSON CAUSE YOU INVESTMENT LOSSES?
Russell Thompson Of Regulus Financial Group, LLC And Formerly With Pruco Securities, LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Russell Thompson Of Regulus Financial Group, LLC?
Russell Thompson (CRD #6610312) is currently associated with Regulus Financial Group, LLC and Regal Investment Advisors LLC, both in Daytona Beach, Florida. He has been registered with Regulus Financial Group since August 12, 2022, and with Regal Investment Advisors since June 2, 2023. His qualifications include passing two general industry/product exams (Securities Industry Essentials Examination and Investment Company Products/Variable Contracts Representative Examination) and two multi-state securities law exams (Uniform Investment Adviser Law Examination and Uniform Securities Agent State Law Examination). Previously, he was registered with Prudential Securities, LLC and W&S Brokerage Services, Inc.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Russell Thompson Customer Complaints and Reviews
- Customer Disputes (2 Incidents)
- A customer dispute filed in April 2022 alleged inadequate disclosure regarding surrender charges and improper application handling, which was settled for $26,406.82 without any financial contribution from Thompson.
- Another dispute involved allegations of insufficient information regarding policy charges, expenses, and fees, which led to a claim of churning. This was ultimately dismissed without any settlement.
- Financial Disclosure (1 Incident)
- In 2015, Thompson entered a compromise with PNC Bank due to financial difficulties stemming from high medical costs and changes in household income, which resulted in a settlement of $3,099 on an original debt of $9,729.
Allegations Against Russell Thompson
- Customer Dispute Allegations:
- Failure to fully disclose all relevant facts regarding surrender charges and handling of policy applications, leading to a financial settlement.
- Allegations of inadequate disclosure of fees and churning, which were dismissed, indicating that no further action was taken.
- Financial Compromise:
- Negotiation with a creditor due to personal financial stress, resulting in a significant reduction of the debt owed, reflecting challenges in personal financial management but resolution of the issue.
Russell Thompson Red Flags & Your Rights As An Investor
Of course, Russell Thompson did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Russell Thompson at Regulus Financial Group, LLC and Pruco Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Russell Thompson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Regulus Financial Group, LLC and Pruco Securities, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Regulus Financial Group, LLC Due To Russell Thompson
If you have questions about Regulus Financial Group, LLC, Pruco Securities, LLC and/or Russell Thompson and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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