The White Law Group Files FINRA Lawsuit Against Truist and BB&T Securities Involving Financial Advisor T. Sloan Thompson
Richmond Hill, Georgia — October 21, 2025 — The White Law Group has filed a FINRA lawsuit on behalf of Georgia residents against BB&T Securities LLC (CRD# 142785) and Truist Investment Services, Inc. (CRD# 17499), alleging unsuitable investment recommendations and misrepresentations made by their financial advisor, T. Sloan Thompson (CRD# 2588490).
According to the claim, the investors are seeking damages estimated between $100,000 and $500,000 for alleged losses resulting from Truist and BB&T’s failure to properly supervise their registered representative.
Background: T. Sloan Thompson Lawsuit and History of Misconduct
The T. Sloan Thompson lawsuit arises from a pattern of alleged misconduct consistent with dozens of prior customer complaints filed against the advisor. According to FINRA BrokerCheck, Thompson has been the subject of at least 43 customer disputes involving allegations of unsuitable investments, misrepresentation, and poor financial advice.
Many of these customer complaints also allege that Truist Investment Services and its predecessor BB&T Securities were negligent in supervising Thompson’s activities.
Per FINRA Notice to Members 03-49, this number of client disputes places Thompson among the worst 0.04% of financial advisors nationwide in terms of customer complaint volume.
To date, T. Sloan Thompson and/or his affiliated firms have paid more than $2 million in settlements, with at least one case reporting $5 million in alleged damages. The recent claim filed by The White Law Group alleges similar misconduct that has led to significant investor losses.
Quote from Managing Partner Dax White
“Our clients trusted their financial advisor and his firm to make suitable investment recommendations,” said Dax White, founding attorney and managing partner of The White Law Group. “This Truist and BB&T lawsuit underscores the importance of adequate supervision and compliance oversight by brokerage firms. Firms have a duty to protect their clients from unsuitable and high-risk investment strategies.”
About Truist and BB&T Securities
Truist Investment Services, Inc., a member of FINRA and SIPC, was formed following the merger of BB&T Securities and SunTrust Investment Services. The firm provides investment advice and brokerage services across the United States. As a successor to BB&T Securities, Truist may be held liable for the misconduct of its registered representatives prior to the merger.
Recovering Investment Losses with The White Law Group
If you have suffered losses investing with T. Sloan Thompson, BB&T Securities, or Truist Investment Services, The White Law Group may be able to help you recover your losses through a FINRA arbitration claim.
The firm has represented hundreds of investors in securities fraud and unsuitable investment lawsuits against brokerage firms nationwide.
For a free consultation, please visit www.whitesecuritieslaw.com
Last modified: October 21, 2025
