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Thomas Olander Facing Allegations of Unsuitable Investment

Thomas Olander (CRD #: 2287413), a broker who was previously registered with Dougherty & Company LLC, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 22, 2022. Keep reading if you have questions about Thomas Olander’s conduct record as a broker.

On February 21, 2022, an investor alleged that Thomas Olander recommended unsuitable investments. The investor is seeking $225,000; the dispute is pending.

This is the second suitability dispute on his record.

Unsuitable Investment Allegations

FINRA Rule 2111 defines suitability as an obligation for a broker to have a reasonable basis to believe that a recommended transaction or investment strategy best suits their customer’s investment profile. This profile includes the customer’s risk tolerance, growth expectations, and age. In the event that a broker recommends an unsuitable investment, investors may be able to recover through FINRA arbitration proceedings against their broker.

Background Information

Thomas Olander 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 7 – General Securities Representative Examination

He has worked for the following firms:

  • Dougherty & Company LLC (CRD # 7477)
  • Dougherty Dawkins LLC (CRD # 7442)

Kurta Law Can Help

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

For nearly 20 years, Kurta Law has advocated on behalf of investors recovering their investment losses from stockbrokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors. We work on a contingency basis, which means that the firm only earns a fee if our securities attorneys recover money on your behalf. Reach out and we can tell you what steps to take to restore your lost funds.

 

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