Close Menu
Free Consultation: 888-976-6111

Thomas Ren: BDC Complaint Against Bull & Bear Financial Advisor

Roaring River, North Carolina financial advisor Thomas Ren (CRD# 2729198) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Crown Capital Securities, doing business as Bull & Bear Financial Outfitters.

Mr. Ren’s BrokerCheck report discloses one recent investor complaint. Filed in June 2022, it alleges that as a representative of Crown Capital Securities, he performed insufficient due diligence and recommended unsuitable investments in a non-traded business development company (BDC) and other alternative investments. The pending complaint alleges damages of $100,000.

Investors should be aware that non-traded or private business development companies, like other non-traded funds, are often highly illiquid and risky products. In 2016 the Financial Industry Regulatory Authority warned investors to take care when weighing investments in non-traded BDCs, explaining that they expose investors “to high commissions and fees, illiquidity risks and uncertainty regarding the time-period BDCs will hold funds before they are invested.” Brokers and investment advisors who recommend unsuitable non-traded BDCs may be held liable for damages in the event of losses and/or subject to disciplinary action by FINRA, the Securities and Exchange Commission, and/or state securities regulators.

According to the Financial Industry Regulatory Authority, Thomas Ren holds 26 years of securities industry experience. Based in Roaring River, North Carolina, he has been a broker and an investment advisor with Crown Capital Securities since 2016, doing business as Bull & Bear Financial Outfitters. His past registrations include Securities America (Littleton, Colorado; 2014-2015), Sunset Financial Services (Littleton, Colorado; 2007-2014), American Portfolios Financial Services (2007), United Securities Alliance (Littleton, Colorado; 2003-2007), FFP Securities (Chesterfield, Missouri; 1998-2003), and Washington Square Securities (Windsor, Connecticut; 1996-1998). His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; 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 Arizona, Colorado, Florida, Nebraska, New Mexico, and North Carolina. (Information current as of December 9, 2022.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Kendal Cann: $50K Complaint Against Privileged Planning Advisor

    Saint Johns, Florida financial advisor Kendal Cann (CRD# 6504618) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial...

    Read More
  • Paul Getty: Emerson, First Guardian Advisor Denies $435K Complaint

    San Mateo, California financial advisor Paul Getty (CRD# 6470002) has received multiple investor complaints alleging that his conduct resulted in...

    Read More
  • Katie Wei: $300K Complaint Against Ameriprise Advisor

    Redwood City, California financial advisor Katie Wei (CRD# 6242083) recently received an investor complaint alleging that her conduct resulted in...

    Read More
  • Bob Chung: SEC Charges Arete Advisor in Fraud

    Chicago financial advisor Bob Chung (CRD# 6208569) was recently charged by the Securities and Exchange Commission in connection with allegations...

    Read More
  • Previous
  • Next