DID THOMAS MICHAEL MINGONE CAUSE YOU INVESTMENT LOSSES?
Thomas Mingone Of Hightower Securities, LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Thomas Mingone of Hightower Securities, LLC?
Thomas Mingone (CRD #1987602) located in Chicago, Illinois, is a registered securities broker and investment adviser representative with over 30 years of experience in the financial industry. He is currently employed with Hightower Advisors, LLC and Hightower Securities, LLC, where he has been registered since January 2024. Prior to his current role, he was with Equitable Advisors, LLC from June 2005 to January 2024, and previously worked for MONY Securities Corporation and The Mutual Life Insurance Company of New York. Mingone has passed two General Industry/Product Exams and two Multi-State Securities Law Exams but has not completed any Principal/Supervisory Exams. He holds registrations with one Self-Regulatory Organization (SRO) and is licensed in 39 U.S. states and territories. His professional qualifications also include the designation of Chartered Financial Consultant (ChFC®).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Thomas Mingone Customer Complaints and Reviews
There were two Customer Disputes noted on his Disclosure report:
- Customer Dispute 1
- Filed: December 4, 2024
- Complaint: The Real Estate Investment Trust (REIT) purchased by the client became illiquid and stopped paying dividends after its value dropped. The original purchase amount was $60,000, and the investment was made ten years ago.
- Product: Real Estate Investment Trust (REIT)
- Claimed Damages: $60,000
- Status: Pending resolution
- Customer Dispute 2
- Filed: November 13, 2024
- Complaint: The claimant alleges that the REIT purchased was unsuitable for their investment portfolio.
- Product: Real Estate Security (REIT)
- Claimed Damages: Unspecified, however the claimant is seeking more than $5,000.
- Status: Pending resolution under FINRA Case #24-02434
Allegations Against Thomas Mingone
- Both pending disputes involve REIT investments, which are commonly considered higher-risk and less liquid investment products. Investors often rely on financial professionals to assess their suitability based on factors such as risk tolerance and investment objectives.
- The first dispute alleges losses of $60,000 due to the REIT’s dividend payments ceasing and the investment becoming illiquid. This could indicate poor investment performance or a lack of due diligence at the time of recommendation.
- The second dispute focuses on the claim that the REIT was “unsuitable”, suggesting that the investment may not have aligned with the client’s financial needs or risk tolerance.
While the outcome of these disputes remains uncertain, potential investors should be aware of these allegations and consider reviewing the case outcomes as a reference before proceeding with investment services.
Thomas Mingone Red Flags & Your Rights As An Investor
Of course, Thomas Mingone 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 Thomas Mingone at Hightower Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Thomas Mingone has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hightower Securities, LLC also raises questions about the brokerage firm’s 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 Hightower Securities, LLC Due To Thomas Mingone
If you have questions about Hightower Securities, LLC and/or Thomas Mingone 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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