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Investor Alleges Blake Thompson’s Trading Decisions Led to Losses

Jun 21, 2022 Investor Disputes

Blake Thompson (CRD #: 6219056), a broker registered with UBS Financial Services, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on June 12, 2022. Read on if you have questions about Blake Thompson’s conduct as a broker.

Investor Dispute

On April 22, 2022, an investor alleged that Blake Thompson made the wrong decision by “fire selling” some of the client’s securities, resulting in losses. The client seeks $229,602 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as those that adequately match an investor’s profile. Brokers must take into account the characteristics described in their client’s profile, such as their tax status, risk tolerance, and investment goals.

This rule also applies to investment strategies and trading decisions, making it especially important for investors who give brokers discretionary power in their accounts.

Investors who have lost money due to unsuitable investment recommendations or other violations of suitability may be able to recoup their losses through FINRA arbitration.

Background Information

Blake Thompson has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

Blake Thompson is a registered broker in 25 states and a registered investment adviser in California.

Kurta Law Can Help

If you worked with Blake Thompson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.