Goldman Sachs Ayco’s Tom Currie Receives $140K Complaint

Cohoes, New York financial advisor Tom Currie (CRD# 5465944) recently received an investor complaint alleging he gave unsuitable investment advice. Financial Industry Regulatory Authority records show that he is a broker with Goldman Sachs and an investment advisor with Goldman Sachs Ayco Personal Financial Management.

Mr. Currie’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleges that as a representative of Goldman Sachs Ayco Personal Financial Management, he made an unsuitable recommendation “to sell certain securities and invest the proceeds into a tax advantaged fund” that did not meet the customer’s tax objectives. The pending complaint alleges damages of $140,000.

Investors should be aware that FINRA’s suitability standard stipulates that when brokers recommend investments, they must “have a reasonable basis to believe” that the products or strategies in question are appropriate for the customer’s background and objectives. As FINRA Rule 2111 lays out, the rules specifies that brokers must evaluate an investment’s suitability through “reasonable diligence” into the customer’s profile, which includes such factors as their age, financial status, risk tolerance, liquidity needs, income, and more.

According to the Financial Industry Regulatory Authority, Tom Currie holds 15 years of securities industry experience. Based in Cohoes, New York, he has been a broker with Goldman Sachs & Company since 2021 and an investment advisor with Goldman Sachs Ayco Personal Financial Management since 2010. He registration history also includes Mercer Allied Company in Cohoes, New York, where he was registered from 2008 until 2021. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the National Commodity Futures Examination, or Series 3; and the Uniform Combined State Law Examination, or Series 66. He currently holds 25 state licenses. (Information current as of June 11, 2023.)

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