Broker Investigation: Thomas Logue

Broker Investigation: Thomas Logue
Thomas Logue (CRD#: 1700554) is a former registered broker and registered investment advisor (RIA). From 2014 to 2017, Mr. Logue was employed at American Independent Securities Group in Hinsdale, Illinois. Previously, he has also been associated with Investors Capital Corp. and First Midwest Securities.

On September 14th, 2018, former American Independent Securities Group broker Thomas Logue was barred by FINRA after he declined to provide on-the-record testimony that was requested by investigators. Under FINRA Rule 8210, registered representatives have a duty to cooperate with all regulatory investigations.

Investor Complaints: Thomas Logue

Since the beginning of 2017, four different customer complaints have been filed against broker Thomas Logue. One of these complaints was settled for $23,500.00. In that case, the investor raised allegations that Mr. Logue made material misrepresentations and promoted unsuitable investment recommendations.

Another customer complaint against Mr. Logue is currently listed as pending. That investor is seeking $127,520.30 in financial damages to settle a claim related to unsuitable investments. FINRA launched its own investigation to get more information regarding potential unsuitable investment recommendations and trading strategies promoted by this broker.

As Mr. Logue has failed to cooperate with investigators, he has now been indefinitely barred from associating with any FINRA member in any capacity.

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