Securities Fraud Attorneys Investigate Sloan Thompson of Savannah, Georgia
The White Law Group is currently investigating potential FINRA arbitration claims involving former Truist financial advisor Sloan Thompson, also known as TS Thompson (CRD#: 2588490), who has been the subject of numerous customer complaints related to alleged misconduct and unsuitable investment recommendations.
Sloan Thompson – 39 Customer Complaints on FINRA BrokerCheck
According to FINRA’s BrokerCheck tool, Sloan Thompson has 39 customer complaints filed against him, many of which involve allegations of:
- Recommending high-risk or unsuitable securities
- Mishandling client accounts and providing poor investment advice
- Making decisions to short the market based on speculative theories, resulting in significant losses
Thompson was reportedly discharged by Truist Investment Services on March 5, 2024, for failing to report or timely report client complaints. His prior affiliations include:
- Truist Investment Services, Inc. (Savannah, GA) – 2021 to 2024
- BB&T Securities, LLC (Richmond, VA) – 2017 to 2021
- Merrill Lynch, Pierce, Fenner & Smith Inc. (Savannah, GA) – 2009 to 2017
What is FINRA BrokerCheck?
FINRA BrokerCheck is a free tool provided by the Financial Industry Regulatory Authority (FINRA) that allows investors to review the background of brokers and financial advisors, including licensing information, employment history, and any disclosed disciplinary actions or customer complaints.
Failure to Supervise & Investor Claims
Broker-dealers such as Truist Investment Services have a legal obligation to supervise their financial advisors. If a firm fails to supervise its representatives and clients suffer losses due to misconduct, the firm can be held liable through a FINRA arbitration claim.
Class Action Lawsuit vs. FINRA Arbitration
Investors may wonder whether they should join a class action lawsuit or pursue individual FINRA arbitration. While class actions may be appropriate for small-dollar claims shared by many investors, those with larger losses (typically over $100,000) may achieve a better outcome through an individual FINRA arbitration claim.
Recovering Investment Losses through FINRA Arbitration
If you invested with Sloan Thompson and have experienced financial losses, you may be eligible to pursue a FINRA arbitration claim to recover damages. The White Law Group represents investors nationwide and offers free consultations to evaluate your potential case.
To speak with a securities attorney, call us today at (888) 637-5510.
FAQs about Sloan Thompson and FINRA Lawsuits
1. What are the allegations against Sloan Thompson?
Customers have alleged that Sloan Thompson recommended unsuitable and high-risk investments, mishandled accounts, and made poor decisions such as shorting the market based on speculative strategies.
2. Can I sue my broker through FINRA if I’ve lost money?
Yes. If your broker acted negligently or made unsuitable investment recommendations, you can file a claim through FINRA arbitration to seek recovery of your investment losses.
3. What is the difference between FINRA arbitration and a class action?
FINRA arbitration is typically faster and more individualized than class action lawsuits. If your losses are substantial, arbitration often provides a more effective path to recovery.
About The White Law Group
The White Law Group, LLC is a national securities fraud law firm with offices in Chicago, IL and Seattle, WA. The firm has filed over 800 FINRA arbitration claims on behalf of investors and represents clients in all 50 states. We help investors recover losses due to broker misconduct, unsuitable investments, and failure to supervise.
Last modified: July 24, 2025
