Indianapolis financial advisor Steve Haskell (CRD# 6864948) recently received an investor complaint alleging his advice resulted in six-figure damages. Financial...Read More
Thomas Rydell: CFP Board Sanctions Royal Alliance Advisor
Milpitas, California financial advisor Thomas Rydell (CRD# 5020102) recently received an investor complaint alleging six-figure damages. Records provided by the Financial Industry Regulatory show that he is currently a representative of Royal Alliance Associates, while records provided by the Certified Financial Planner Board of Standards show that his right to use his CFP certification was recently suspended.
Mr. Rydell’s BrokerCheck report discloses one investor complaint. Filed in October 2021, it alleges that as a representative of Morgan Stanley Smith Barney, he unsuitably managed the customer’s accounts. The pending complaint alleges damages of $250,000.
A September announcement by the CFP Board noted that the organization issued an order suspending Mr. Rydell’s right to use his CFP certification for one year and one day. According to the announcement, the sanction followed his failure to acknowledge receipt of a Notice of Investigation sent by the CFP Board, which “sought to investigate allegations contained in a Financial Industry Regulatory Authority (FINRA) arbitration that Mr. Rydell’s management of a client’s accounts was not in the client’s best interest.” His suspension became effective on August 16, 2022.
According to the Financial Industry Regulatory Authority, Thomas Rydell holds 16 years of securities industry experience. Based in Milpitas, California, he has been a broker and an investment advisor with Royal Alliance Associates since 2018. His past registrations include Morgan Stanley (Walnut Creek, California; 2009-2018), Morgan Stanley & Company (Walnut Creek, California; 2008-2009), and UBS Financial Services (Walnut Creek, California; 2005-2008). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Hawaii, and Illinois. (Information current as of September 22, 2022.)
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