Wylie Thompson Ewing (CRD #1844204) Has Customer Dispute and Termination Disclosures on FINRA BrokerCheck
Wylie Thompson Ewing (CRD #1844204) was previously registered as a broker. We reviewed his FINRA BrokerCheck report on January 28, 2026. It reflects one customer dispute and one termination disclosure. If you invested with Wylie Ewing and have concerns, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Employment Separation After Allegations
Wylie Ewing’s FINRA BrokerCheck report reflects one termination disclosure. A summary is below:
According to Wylie Ewing’s FINRA BrokerCheck report, Charles Schwab & Co., Inc. discharged him on October 29, 2024. The firm stated he failed to consistently comply with its Advice Procedures and Client Communication policy.
Investor Disputes / Customer Complaints
Wylie Ewing’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:
On November 3, 2025, a client alleged that in December 2022, Wylie Ewing failed to invest deposited funds in a money market fund. The client sought $117,000 in damages. FINRA BrokerCheck lists the product as a money market fund. Charles Schwab & Co., Inc. denied the complaint on November 7, 2025. The firm stated its review found no wrongdoing.
Rule Summary #1: FINRA Rule 3110 (Supervision)
FINRA Rule 3110 requires firms to maintain written procedures and a system to supervise representatives. Problems tied to client communications or advice procedures often raise questions about whether supervision and reviews were effective.
Rule Summary #2: FINRA Rule 2111 (Suitability)
FINRA Rule 2111 requires brokers to have a reasonable basis for recommendations and to consider a customer’s investment profile. Disputes about cash sweeps or money market placement can involve whether the investor’s instructions and needs were followed.
Why This Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.
Reg BI has four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.
- Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.
- Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.
- Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.
Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.
Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his FINRA BrokerCheck report, Wylie Ewing:
Is not currently registered as a broker.
Has passed the Securities Industry Essentials (SIE) exam. Wylie Ewing has passed Series 7. He has also passed Series 9 and Series 10. He has passed Series 8, Series 65, and Series 63.
Was previously registered with firms that include Charles Schwab & Co., Inc., TD Ameritrade, Inc., and Fidelity Brokerage Services LLC.
Kurta Law Can Help
If you have worked with Wylie Ewing and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can review your situation and explain possible next steps. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.
Helpful resources: Securities Attorney | Breach of Contract
For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.