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Thomas Monahan Of BCG Securities, Inc. And Formerly with Legg Mason Wood Walker, Inc. Has 14 Customer Complaints For Alleged Broker Misconduct

Who is Thomas Monahan currently with BCG Securities, Inc.?

Thomas Monahan

Thomas Monahan (CRD #1192627) who is currently registered as a broker and investment adviser with BCG Securities, Inc. and located in Cherry Hill, New Jersey, is a subject of one of our many securities industry sales practice abuse investigations. Prior to BCG Securities, Inc., Thomas Monahan was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Thomas Monahan Customer Complaints

Thomas Monahan has been the subject of 14 customer complaints that we know about to recover investment losses. Ten of the customer disputes were settled by Legg Mason Wood Walker, Inc. in favor of the investors. The same brokerage firm denied 3 other customer complaints and so far they have not taken any further action. There is one customer complaint that was registered with BCG Securities recently that is still pending review and resolution.

Allegations Against Thomas Monahan

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses follows:

  • Failure to disclose twenty-year maturity of investment in certificates of deposit.
  • Failure to disclose step down and interests feature in CD investment.
  • Misrepresentation of CD investment.
  • Unsuitable recommendations to invest in CD’s with unique investment features.

Thomas Monahan Red Flags & Your Rights As An Investor

Of course, Thomas Monahan 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 Monahan at BCG Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Thomas Monahan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at BCG Securities, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At BCG Securities, Inc. Due To Thomas Monahan

If you have questions about BCG Securities, Inc. and/or Thomas Monahan 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.

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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.

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