Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According...Read More
Thomas Logue: Complaints Against Hinsdale, Illinois Advisor
Settled and pending investor complaints against former Hinsdale, Illinois broker and investment advisor Thomas Logue (CRD#: 1700554) allege conduct including suitability violations, misrepresentations, breach of fiduciary duty and more. Logue is a former representative of American Independent Securities Group, according to information drawn from Financial Industry Regulatory Authority records.
A pending 2019 complaint alleges that as a representative of American Independent Securities Group, Thomas Logue recommended unsuitable investments and breached his fiduciary duty. The complaint alleges damages of $200,000.
A pending 2018 complaint alleges that as a representative of American Independent Securities Group, Thomas Logue made unsuitable recommendations of asset-backed debt products. The complaint alleges damages of $450,000.
A 2017 complaint alleged that as a representative of American Independent Securities Group, he made unsuitable transactions. The complaint reached a settlement of $80,000.
A 2017 complaint alleged that as a representative of American Independent Securities Group, he made misrepresentations of material facts related to unsuitable investments. The complaint reached a settlement of $23,500.
A 2006 alleged that as a representative of First Midwest Securities, he executed unauthorized trades. The complaint reached a settlement of $14,873.03.
Thomas Logue’s disclosure records also list two final or pending regulatory actions. In 2018, FINRA barred him after finding he refused to appear for testimony as part of its investigation to determine whether his trading activities involved “conduct that violated federal securities laws or regulations or FINRA rules.” In July 2019, the Illinois Securities Department initiated an action alleging that the conduct leading to his FINRA bar also constituted violations of the Illinois Securities Act, and that he “failed to produce documents” pursuant to a subpoena by the Illinois Secretary of State. This action remains pending.
Thomas Logue is currently not registered as a broker or investment advisor. His employment history includes American Independent Securities Group in Hinsdale, Illinois; Investors Capital Corporation in Hinsdale, Illinois; First Midwest Securities in Hinsdale, Illinois; Edwin C. Blitz Investments in Evanston, Illinois; Dreher & Associates in Oakbrook Terrace, Illinois; Fox & Henry in Burr Ridge, Illinois; Securities America in La Vista, Nebraska; Chubb Securities Corporation in Fort Wayne, Indiana; and American Capital Corporation in Valley Forge, Pennsylvania. He currently holds zero state licenses and has passed five securities industry qualification examinations.