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Thomas Logue is the Subject of a Dispute Alleging Misappropriation

Thomas Logue (CRD #: 4441538), a broker registered with State Farm VP Management Corp., is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on December 5, 2023. Keep reading if you have questions about his conduct as a broker. 

On September 23, 2023, an investor alleged that Thomas Logue placed her in an unsuitable investment and misappropriated funds. The investor is seeking $56,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investors’ financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

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

FINRA Rule 2010

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

Background Information 

Thomas Logue has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is registered as a broker and an investment adviser in Arizona and California. 

In his 22 years of experience, Thomas Logue has registered with State Farm VP Management Corp. (CRD #: 43036) and State Farm Investment Management (CRD #: 3487). 

Kurta Law Can Help 

If you have worked with Thomas Logue and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.