Over a Dozen Investors Allege T. Sloan Thompson Made Unsuitable Recommendations

Sloan Thompson (CRD #: 2588490), a broker formerly registered with Truist Investment Services, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on August 11, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Disputes

Three pending disputes, filed in May and June 2025, alleged that T. Sloan Thompson mismanaged client accounts. 

On April 9, 2024, an investor alleged that T. Sloan Thompson recommended unsuitable investments. This dispute is pending.

In a dispute filed on February 6, 2024, an investor alleged that T. Sloan Thompson made unsuitable investment recommendations in their managed account. They seek $400,000 in damages in this pending dispute.

On April 10, 2024, an investor alleged that T. Sloan Thompson made unsuitable recommendations. This dispute was denied by the firm.

However, investors can still seek out FINRA arbitration and potentially recoup their losses even if a firm denies their dispute.

Settled Disputes

Disputes filed on January 22 and 31, 2025, alleged that T. Sloan Thompson mishandled their accounts. These disputes were settled for a total of $186,222.27.

Three disputes filed from June 2024 to January 2025 similarly alleged unsuitable investment recommendations. Two of these disputes also alleged that T. Sloan Thompson made misrepresentations concerning managed investments. These disputes were settled for a total of $1,048,308.17.

Fifteen disputes, filed from May 2024 to April 2025, alleged that T. Sloan Thompson engaged in high-risk and unsuitable trading of managed investments. These disputes were settled for a total of $3,284,575.87.

In a dispute filed on December 17, 2024, an investor alleged that T. Sloan Thompson chose to short the market, resulting in losses for the client. The investor received a settlement of $92,315.82.

Five disputes, filed from 2023-2024, named T. Sloan Thompson in allegations of poor account performance. These disputes were settled for a collective $662,250.17.

On November 22, 2022, an investor alleged that T. Sloan Thompson failed to follow their instructions. This dispute was settled for $123,517.44.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile, which includes information about their investing experience, financial goals, risk tolerance, and tax status.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Termination from Truist Investment Services

On March 5, 2024, T. Sloan Thompson was fired from Truist Investment Services following allegations that he failed to report or to timely report investor complaints.

Background Information

Sloan Thompson has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• Truist Investment Services (CRD#:17499)
• BB&T Securities (CRD#:142785)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Wachovia Securities (CRD#:19616)
• First Union Capital Markets Corporation (CRD#:6124)
• Wachovia Brokerage Service (CRD#:17503)
• Wheat, First Securities (CRD#:6124)

Kurta Law Can Help

If you worked with T. Sloan 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 that 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.