Thomas Williams: Schwab Advisor Lands $235K Complaint

Westlake, Texas financial advisor Thomas Williams (CRD# 7273101) allegedly provided false information to an investor, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Charles Schwab & Company.

Mr. Williams’ BrokerCheck report discloses one investor complaint. Filed in January 2025, it alleges that as a representative of Charles Schwab & Company, he “provided false and misleading information concerning an option position” that the client relied upon “in an effort to minimize losses that the client erroneously believed existed.” The pending complaint alleges damages of $235,000.

Investors should be aware that FINRA rules and other securities industry standards forbid brokers from misleading their clients when recommending or effecting securities transactions. FINRA Rule 2020 stipulates specifically that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who misrepresent investments may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Thomas Williams holds four years of securities industry experience. Based in Westlake, Texas, he has been registered as a broker and an investment advisor with Charles Schwab & Company since November 2023. He was previously registered with HTD Ameritrade in St. Louis, Missouri from 2020 until 2023. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the National Commodity Futures Examination, or Series 3; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 51 state licenses. (Information current as of March 10, 2025.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.