Victim of Financial Fraud? Call Now
Home » Broker Blog » Investor Claims Thomas Rydell Breached his Fiduciary Duty

Investor Claims Thomas Rydell Breached his Fiduciary Duty

Thomas Rydell (CRD #:5020102), a registered broker and investment advisor with Royal Alliance Associates, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 29, 2021.  

Investor Allegations 

On October 14, 2021, an investor filed a dispute alleging that Thomas Rydell’s management of his accounts was not in his best interest. The total damage requested is $250,000. The dispute is still pending. 

A common claim in securities arbitration is that an investment adviser has breached their fiduciary duty to the client. A fiduciary duty is a legal obligation to act with the utmost good faith, fairness, and honesty in accordance with FINRA Rule 2010. Investors who have suffered investment losses may be able to hold brokers or advisers accountable for their breach of this responsibility. 

Background Information 

Thomas Rydell has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 – General Securities Representative Examination 

Thomas Rydell is a registered broker in five states. He is also a registered financial advisor in California, Hawaii, and Illinois.  

Other than Royal Alliance Associates, Thomas Rydell has also worked with the following firms: 

  • Morgan Stanley (CRD#:149777) 
  • Morgan Stanley & Co. Incorporated (CRD#:8209) 
  • UBS Financial Services (CRD#:8174) 

Kurta Law Can Help 

If you have worked with Thomas Rydell and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or 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 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.  

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories