Thomas Ealy Allegedly Facilitated Unsuitable Investments

Thomas Ealy (CRD #: 863042), a broker registered with Cetera Advisor Networks, has been involved in several investor disputes, according to his BrokerCheck record, accessed on December 13, 2024. Investors may have also engaged his services through Cetera Investment Advisers. Keep reading if you have questions about his alleged conduct as a broker.

Investor Disputes

On December 10, 2015, multiple investors filed a dispute alleging Thomas Ealy facilitated unsuitable alternative investments in 2005 and 2008. The client sought $90,000 in damages but the dispute was denied by the firm.

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

In a dispute filed on October 2, 2015, several investors alleged that Thomas Ealy failed to calculate the accuracy of premiums associated with a life insurance policy written in 1994. The policy allegedly lapsed in 2011. The clients sought $600,000 in damages and received a settlement of $275,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account an investor’s age, risk tolerance, tax status, and other information described in their profile.

Investors who lose money through unsuitable investment recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Thomas Ealy has passed the following exams:

• General Securities Principal Examination – Series 24
• General Securities Representative Examination – Series 7TO
• 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

Thomas Ealy is a registered broker in 27 states and a registered investment adviser in Illinois and Texas.

He has also worked for the following firms:

• IPI Wealth Management (CRD#:111872)
• Investment Planners (CRD#:18557)
• FSC Securities Corporation (CRD#:7461)
• Cozad Investment Services (CRD#:10065)

Kurta Law Can Help

If you worked with Thomas Ealy 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.