| Read Time: 2 minutes |


Thomas H. Laws formerly with HD Vest Investment Services Has 2 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years

Who is Thomas H. Laws formerly with HD Vest Investment Services?

Thomas Laws (CRD #4494448) who was formerly registered with HD Vest Investment Services and located in Silver City, New Mexico is a subject of one of our many securities industry sales practice abuse investigations. HD Vest Investment Services is a brokerage firm with a history of customer complaints and securities industry regulatory problems.

Thomas Laws, himself has had serious problems with the regulators. Both the United States Securities and Exchange Commission and FINRA have permanently barred him from association with any member firm in any capacity. 

In 2019, the SEC filed a complaint and alleged that Thomas laws misappropriated $1.1 million of investors’ funds transferred to him to purchase a silver mine, acquire mining claims, purchase mining equipment and for third-party services. The SEC allege that rather than use the funds for corporate purposes, he misappropriated these funds and attempted to hide his theft by fabricating documents, including forged vendor invoices, or agreements, bank records, communications, and signatures. A final judgment was entered against him by consent. 

FINRA attempted to investigate these allegations and he refused to cooperate and so, he was barred pursuant to FINRA Rule 8210.

Thomas laws is currently facing charges in federal court for 9 counts of charges for wire fraud, 2 counts of aggravated identity theft, 7 counts for transportation, transmission and transfer of money stolen, converted and taken by fraud. These criminal charges are still pending.

Thomas laws Broker Misconduct

In his career, Thomas Laws has been the subject of 2 customer complaints that we know about, both of those complaints were filed in the last two years to recover investment losses. Both of those complaints relate to his alleged misappropriation of funds for personal use and are pending a final hearing to recover investment losses caused by his alleged misconduct.

Thomas Laws Red Flags & Your Rights As An Investor

Of course, Thomas Laws did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Thomas Laws at HD Vest Investment Services on alert to review carefully the activity and performance of their accounts and question whether Thomas Laws has engaged in any stockbroker misconduct that may have caused them investment losses.

File A Claim To Recover Your Investment Losses At HD Vest Investment Services

If you have questions about HD Vest Investment Services and/or Thomas Laws and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars