T. Sloan Thompson, Truist: Lawsuit Investigation

T. Sloan Thompson Truist Lawsuit: Savannah Advisor Faces 45 FINRA Complaints

The White Law Group continues to investigate potential FINRA arbitration claims involving former Truist financial advisor T. Sloan Thompson (also known as T. S. Thompson, CRD#: 2588490) of Savannah, Georgia. Thompson, who was registered with Truist Investment Services, Inc., has reportedly been the subject of numerous customer complaints alleging unsuitable investment recommendations and account mismanagement.

If you have concerns about your investments with Sloan Thompson or Truist, you may be eligible to pursue a FINRA lawsuit or arbitration claim to recover your losses.

Sloan Thompson Truist Lawsuit and Customer Complaints

According to FINRA BrokerCheck, T. Sloan Thompson has 45 customer complaints filed against him. Many of these Truist complaints allege:

• Recommending high-risk or unsuitable securities

• Mishandling investment accounts and providing poor advice

• Shorting the market based on speculative theories that led to significant losses

Thompson was terminated by Truist Investment Services on March 5, 2024, for allegedly failing to report or timely report client complaints.

Previous Firms

• Truist Investment Services, Inc. – Savannah, GA (2021–2024)

• BB&T Securities, LLC – Richmond, VA (2017–2021)

• Merrill Lynch, Pierce, Fenner & Smith Inc. – Savannah, GA (2009–2017)

What is the Sloan Thompson Truist Lawsuit About?

The Sloan Thompson Truist lawsuit refers to potential FINRA arbitration claims and investor actions against Truist Investment Services, Inc. for alleged failure to supervise Thompson’s activities.

Broker-dealers such as Truist are required to supervise their financial advisors to ensure compliance with securities laws and industry standards. When a firm fails to properly monitor an advisor like T. Sloan Thompson, investors who suffer losses may pursue claims for negligence, breach of fiduciary duty, or unsuitable investment recommendations.

Class Action vs. FINRA Arbitration – Which Is Right for You?

Investors often ask whether to join a class action lawsuit or file an individual FINRA arbitration claim against Truist or Sloan Thompson.

While class actions may be suitable for smaller losses, those who lost over $100,000 often achieve better results through individual FINRA arbitration, which is generally faster and more cost-effective.

Recovering Investment Losses – Sloan Thompson Truist Complaints

If you invested with Sloan Thompson of Truist Investment Services and experienced financial losses, you may be entitled to recover damages through FINRA arbitration.

The White Law Group has represented hundreds of investors nationwide in claims involving:

• Truist Investment Services

• BB&T Securities

• Merrill Lynch and other major brokerage firms

For a free consultation, contact our securities fraud attorneys at (888) 637-5510 or visit whitesecuritieslaw.com