Thomas Pusser Allegedly Recommended Unsuitable Alternative Investment
Thomas Pusser (CRD #: 4687904), a broker registered with Triad Advisors, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on August 28, 2022. Investors may have also engaged Thomas Pusser’s services through Capital Cities Investments. Keep reading if you have questions about his conduct as a broker.
On June 27, 2022, an investor alleged that Thomas Pusser recommended and sold him an unsuitable alternative investment. This dispute is pending.
Alternative investments are higher risk and are often unsuitable for investors.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their client’s financial goals when making investment recommendations. Brokers must take into account the following characteristics described in the investor’s profile:
- Financial goals
- Risk tolerance
- Time horizon (i.e., how long the investment will be held)
- Investing experience
- Tax status
Investors who lose money through unsuitable investment recommendations may be able to recover their losses by seeking out FINRA arbitration.
Thomas Pusser 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
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Thomas Pusser is a registered broker in 12 states and a registered investment adviser in Virginia.
He has also worked for Mutual Service Corporation (CRD#:4806).
Kurta Law Can Help
If you worked with Thomas Pusser and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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 and 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.