Our firm is investigating Regulus Financial Group, LLC (CRD 6610312) Daytona Beach for potential investment-related misconduct.
Stockbroker’s Career History
According to the FINRA BrokerCheck report, Thompson has worked in the securities industry with firms including W&S Brokerage Services, Inc.r Pruco Securities, LLC. (05/2018–04/2022), and is currently registered with Regal Investment Advisors LLC (04/2nancial Group, LLC (08/2022–Present).
Russell L. Thompson Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects for Thompson, both reported as final (no pending disputes shown in the disclosure matrix). pute 1 — Settled (Pruco Securities, LLC)
A customer alleged that Thompson “did not fegarding surrender charges and **improper application hande product.
Key dates and amounts reported in Broomplaint received/status date:** 04/28/2022
- Broker-reported complaint received: 08/12/2021; status date: 11/05/2021
- Alleged damages: $0.00 (no specific damages al
- Settlement amount: $26,406.82; individual contribution: $0.00 tomer Dispute 2 — Denied (Pruco Securities, LLC)
A customenot fully disclose all facts rega fees**” and also alleged the churning of their policy (insurance product).
Key dates and amounts reported in BrokerCheck:
- Complaint received/status date: 10/19/2020 $0.00 (no damage amount alleged)
- Disposition: Denied
- Broker statement (context): references a nationwide class action settlement and release concerninc was not reviewing the inquiry or making a finding/further filing.
Disclosure event(s) at a glance
- **Customer Dispute (Insuranure to disclose surrender charges and improper application handling; settlement $26,406.82; individual contribution $0.00.
- Customer Dispute (Insurance) — Denied: Alleged failure to disclose charges/expenses/fees and alleged churning of policy; received 10/19/2020; denied.
To obtain a copy of Russell L. Thompson’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is often implicated when a customer alleges they were not fully informed about surrender charges, fees, or the practical liquidity constraints of an insurance-linked product, because suitability analysis turns on whether the recommendation reasonably matched the customer’s investment profile (objectives, time horizon, liquidity needs, and risk tolerance). In complaints alleging undisclosed surrender charges and cost/fee issues, Rule 2111 is frequently analyzed for whether the investor could reasonably hold the product through the surrender period and whether the costs were consistent with the investor’s goals.
FINRA Rule 2210 (Communications with the Public) can be implicated where an investor alleges incomplete or misleading disclosure of surrender charges, fees, and expenses, because the rule requires communications to be fair and balanced and not omit material information. In disputes focused on nondisclosure of key contract costs or processing issues (like improper application handling), Rule 2210 can become a central lens for evaluating what the investor was told (and what was not told) before purchase or during the application process.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is frequently cited as an overarching conduct rule in disputes alleging improper handling and alleged “churning” conduct in connection with insurance products. When a customer alleges they were not fully informed about costs or that policy activity was excessive and commission-driven, Rule 2010 is commonly used as a baseline for assessing whether the broker’s conduct met ethical standards and just and equitable principles of trade.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.