Thomas Logue Jr. – American Independent Securities Group – Hinsdale, IL
According to the Financial Industry Regulatory Authority (FINRA) on September 14, the regulator has barred financial advisor Thomas Logue Jr. from the securities industry.
In late 2017, as a result of a routine cycle examination of AISG, FINRA began investigating Logue’s trading activities while he was registered with the firm to determine whether he engaged in conduct that violated federal securities laws or regulations or FINRA rules.
According to a Letter of Acceptance Waiver & Consent, FINRA staff sent a request to Logue to provide on-the-record testimony. Logue reportedly acknowledges that he received FINRA’s request and will not appear for on-the-record testimony at any time. Consequently he has been barred from associating with any FINRA member at any time.
According to his FINRA BrokerCheck report, Logue was registered with American Independent Securities Group (AISG) in Hinsdale, IL from July 2014 until June 2017. Prior to that, he worked for Investors Capital Corp. from November 2011 until August 2014. Logue has 5 customer complaints listed on his broker report. Allegations include unsuitable investments and unauthorized trading, among others.
For FINRA’s full findings see FINRA case # 2018057025501.
Investigating Potential Claims
The White Law Group is investigating potential claims involving the liability that Logue’s employer may have for losses sustained by his clients. Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.
If you are concerned about your investments with Thomas Logue Jr., the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, please visit www.whitesecuritieslaw.com.