Thomas Ren Allegedly Purchased Unsuitable Alternative Investments For Client

Thomas Ren (CRD #: 2729198), a broker registered with Crown Capital Securities, allegedly failed to perform due diligence on certain investments, according to his BrokerCheck record, accessed on September 3, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On June 21, 2022, an investor alleged that Thomas Ren purchased unsuitable alternative investments and failed to conduct due diligence with regard to these products. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111 

FINRA Rule 2111 defines suitable investments as those that match an investor’s profile. Brokers must use the information in these profiles, such as the client’s age, risk tolerance, and investment goals when making recommendations.

FINRA Rule 2010

FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.

Background Information

Thomas Ren 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 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Thomas Ren is a registered broker in six states and a registered investment adviser in Colorado and North Carolina.

He has also worked for the following firms:

• Securities America Advisors (CRD#:110518)
• Securities America (CRD#:10205)
• Sunset Financial Services (CRD#:3538)
• American Portfolios Advisors (CRD#:112697)
• American Portfolios Financial Services (CRD#:18487)
• United Securities Alliance (CRD#:36487)
• FFP Advisory Services (CRD#:110778)
• FFP Securities (CRD#:16337)
• Washington Square Securities (CRD#:2882)

Kurta Law Can Help

If you worked with Thomas Ren 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 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.