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Thom MacDonnell: Jamestown Advisor Faces Suitability Complaint

A recent investor complaint against Williamsburg, Virginia financial advisor Thom MacDonnell (CRD# 1924888) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that the Centaurus Financial broker and investment advisor is also a representative of Jamestown Financial Group.

Mr. MacDonnell’s BrokerCheck report discloses two investor complaints.  The most recent, filed in February 2024, alleges that as a representative of Centaurus Financial, he “recommended unsuitable investments and investment strategies in various illiquid investments.” The pending complaint alleges unspecified damages estimated to “potentially exceed” $5,000.

An earlier investor complaint, filed in 2014, alleged that as a Centaurus representative, he breached contract, committed fraud, acted negligently, and breached his fiduciary duty in connection with tenant-in-common investments. The complaint alleged damages of $599,082.28 and was denied by the firm.

Jamestown Financial Group’s website includes a profile of Mr. MacDonnell that describes his background and experience. “With over 20 years financial industry experience,  Thom’s skill-set has steadily matured and provides Thom with the unique ability to serve as his client’s personal Financial Consultant and Fiduciary,” it states. “Centaurus serves as Thom’s back-office for securities due diligence and provides Thom with cutting edge investment opportunities and money management platforms along with financial planning and advisory strategies.”

According to the Financial Industry Regulatory Authority, Thom MacDonnell holds 31 years of securities industry experience. Based in Williamsburg, Virginia, he has been a broker and an investment advisor with Centaurus Financial since 2006. His past registrations include Signator Investors (Williamsburg, Virginia; 1997-2006), John Hancock Mutual Life Insurance Company (Boston, Massachusetts; 1997), and MetLife Securities (Springfield, Massachusetts; 1989-1993). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Florida, Georgia, Maine, New Jersey, North Carolina, South Carolina, Tennessee, Texas, and Virginia. (Information current as of March 31, 2024.)

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.

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