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Former Truist Investment Services Broker Sloan Thompson Faces Over 30 Customer Complaints
Did you suffer investment losses while working with Sloan Thompson, a former financial advisor with Truist Investment Services in Savannah, Georgia? You’re not alone. Our national investment fraud law firm, Israels & Neuman, PLC, is actively investigating allegations of misconduct and mismanagement involving Terry Sloan Thompson.
According to publicly available records from FINRA’s BrokerCheck, Sloan Thompson has been the subject of 31 customer complaints, all of which have been filed since 2022. The complaints largely allege that Thompson improperly managed client accounts, resulting in substantial investment losses. Of these 31 complaints, 25 have already been settled, suggesting that multiple investors may have already received compensation for their claims.
Who Is Sloan Thompson?
Sloan Thompson was affiliated with Truist Investment Services from February 2017 until March 2024, operating out of the firm’s Savannah, Georgia branch. Truist Investment Services is a subsidiary of Truist Financial Corporation and provides brokerage and investment advisory services to clients across the United States.
Thompson’s conduct during his time at Truist has raised serious concerns among regulators and investors alike. If you worked with him and experienced significant losses in your investment portfolio, you may be eligible to pursue recovery through FINRA arbitration or other legal avenues.
Did Truist Fail to Supervise Sloan Thompson?
Brokerage firms like Truist Investment Services have a legal obligation to supervise the actions of their registered representatives. When a financial advisor like Sloan Thompson allegedly engages in misconduct—such as mismanaging accounts or making unsuitable investment recommendations—the firm that employs them may also be held liable for failing to adequately supervise their conduct.
This legal concept is known as “failure to supervise,” and it plays a crucial role in many investor recovery cases. FINRA Rule 3110 requires brokerage firms to establish and maintain a system to monitor the activities of their financial advisors. When firms fail to meet this obligation, they may be financially responsible for the harm caused to investors.
At Israels & Neuman, we frequently represent clients in failure to supervise cases involving firms that allowed inappropriate conduct to continue unchecked. If you invested with Sloan Thompson, it’s possible that Truist Investment Services failed to step in—even after multiple warning signs or internal red flags.
How We Can Help You Recover Money
Our firm has recovered millions of dollars for wronged investors across the country. We have brought claims against a wide range of brokerage firms.
We offer free case evaluations, and if we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you.