Former Broker Thomas Logue Subject Of Multiple Disclosures

Thomas Joseph Logue (CRD #1700554) is a former registered broker and investment advisor who was last employed by American Independent Securities Group, LLC (CRD #135288) of Hinsdale, IL. His previous employers include Investors Capital Corp. (CRD #30613) and First Midwest Securities, Inc. (CRD #21786), also of Hinsdale.  No current employment information is available. He has been in the industry since 1990.

There are five customer disclosures in Logue’s record, the most recent of which was filed on 2/6/18. Two of these disputes were closed with no action, including the most recent one.

One customer action was filed on 12/8/2017, with allegations of “unsuitability” and requested damages of $127,520.30. This case is currently listed as “pending.”

Just three months before, on 9/25/2018, a customer filed a dispute stating, “[Customer Name] claims Mr. Logue misrepresented the investments they purchased. Client claims the transaction were unsuitable.” The client requested damages of $35,114.12 and the case was settled for $23,500.

Logue’s only previous settlement was for a claim filed on 02/22/2006, in which the client claimed “unauthorized trading.” Although the case was settled for $14,873.03, Rogue refuted the claim, stating that “client and Mr. Logue conversed repeatedly from the time the order was placed until the option expiration date. The client complained only after the options expired worthless. Cost of settlement was cheaper than proving innocence.”

Did You Invest With Thomas Logue?

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