Thomas Rindahl Allegedly Recommended Unsuitable Investments

Thomas Rindahl (CRD #: 3200702), a broker registered with Securities America, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 26, 2024. Details concerning this dispute are provided below. 

Investor Allegations

On February 28, 2024, an investor alleged that Thomas Rindahl recommended investments that were unsuitable for their financial objectives and risk tolerance. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s 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.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information 

Thomas Rindahl has passed the following exams: 

• Series 66 – Uniform Combined State 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 

He is a registered broker and investment adviser in Arizona. He is also a registered broker in California, Florida, Illinois, and Texas. 

During his 23 years of experience, Thomas Rindahl registered with six firms: 

• Securities America (CRD #: 10205) 
• PFG Advisors (CRD #: 173344) 
• LPL Financial (CRD #: 6413) 
• Cue Financial Group (CRD #: 21033) 
• Wells Fargo Investments (CRD #: 10582) 

Kurta Law Can Help 

If you have worked with Thomas Rindahl 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.