Thomas Prentice: $825K Complaint Against RBC Advisor

Palm Desert, California financial advisor Thomas Prentice (CRD# 874774) recently received an investor complaint alleging his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with RBC Capital Markets.

Mr. Prentice’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in filed in November 2025, alleges that as a representative of RBC Capital Markets, he acted negligently, violated Regulation Best Interest, breached his fiduciary duty, made unsuitable investment recommendations, and breached contract in connection with structured note investments. The pending complaint alleges damages of $825,000.

An earlier investor complaint, filed in 1996, alleged that as a Merrill Lynch representative, he recommended an unsuitable investment of whose risks he failed to properly advise the customer. The complaint concluded with an award to the customer of $6,032.90.

According to the Financial Industry Regulatory Authority, Thomas Prentice holds 46 years of securities industry experience. Based in Palm Desert, California, he has been registered as a broker and an investment advisor with RBC Capital Markets since 2016. His past registrations include Merrill Lynch, Paine Webber Jackson Curtis, and Blyth Eastman Dillon & Company. His credentials include the passage of eight securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor Exam – Options Module & General Module, or Series 8; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Futures Managed Funds Examination, or Series 31. He is licensed in Alabama, Arizona, California, Colorado, the District of Columbia, Florida, Georgia, Illinois, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Tennessee, and Washington. (Information current as of January 24, 2026.)

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