Thomas Nguyen Facing FINRA Suspension
Thomas Nguyen (CRD #: 3092480) has been suspended by FINRA. This is according to his BrokerCheck record, accessed on July 31, 2024. Keep reading if you have questions regarding his alleged conduct.
Regulatory Action
On June 26, 2024, Thomas Nguyen entered into an Acceptance, Waiver, and Consent agreement (AWC), in which he consented to the findings that he opened and maintained 11 outside brokerage accounts without disclosing or receiving prior approval from his member firm.
He was allegedly required to submit regular compliance affirmations disclosing any outside brokerage accounts.
His undisclosed accounts were allegedly managed by outside advisors and all executed trades that were on his firm’s restricted trading list.
As part of the terms of the AWC, Thomas Nguyen allegedly faced a $7,500 fine and a three-month suspension. You can read a copy of the AWC here.
Employment Separation After Allegations
On August 26, 2022, CIC US Securities fired Thomas Nguyen following allegations that securities accounts held or controlled by himself or his spouse failed to disclose an outside business activity.
He has the following outside businesses listed on his detailed BrokerCheck record:
- Nguyen Capital LLC
- Nguyen Properties
- Nguyen Ventures
Private Securities Transactions and FINRA Rule 3280
FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.
Background Information
Thomas Nguyen has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Series 57TO Securities Trader Exam
- Series 99TO Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 55 Limited Representative Equity Trader Exam
- Series 7 General Securities Representative Examination
- Series 24 General Securities Representative Examination
During his 22 years of experience, Thomas Nguyen has registered with the following firms:
- Roth Capital Partners (CRD #: 15407)
- MKM Partners (CRD #: 114666)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- Deutsche Bank Securities (CRD #: 2525)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- Betzold, Berg, Nussbaum & Heitman (CRD #: 36155)
Kurta Law Can Help
If you have worked with Thomas Nguyen and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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.
Loading...
Reload document 
Open in new tab