Thomas Stroyne Allegedly Provided Poor Advice Regarding Variable Annuity Exchange
Thomas Stroyne (CRD #: 1897335), a broker registered with Securities America, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 18, 2023. Investors may have also worked with him through Securities America Advisors. Keep reading if you want to know more about his alleged conduct as a broker.
On March 30, 2023, an investor alleged that Thomas Stroyne provided poor advice with regard to variable annuity exchange. This dispute is currently pending.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consider an investor’s tax status, age, and other information described in their profile.
Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.
What are Variable Annuities?
Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.
Thomas Stroyne 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 Stroyne is a registered broker in 18 states and a registered investment adviser in Pennsylvania and Texas.
He has also worked for VeraVest Investment Advisors (CRD#:105796) and VeraVest Investments (CRD#:3960).
Kurta Law Can Help
If you worked with Thomas Stroyne 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.