Rodger Thomas Facing SCF Securities Client Dispute Concerning Unsuitable Recommendations

Investors potentially incurred losses due to securities broker Rodger Drik Thomas (also known as Rod Thomas and Thomas Rod) [CRD: 4010563, Boca Raton, Florida], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Thomas has been registered with Newbridge Securities Corporation since October 24, 2018, and with NFSG Corporation since October 30, 2018. Read below to find out more about Thomas’s disclosures.

Newbridge Securities Corporation. Investor Accused Rod Thomas Of Unsuitable Recommendations

Particularly, on August 19, 2025, a Newbridge Securities Corporation client filed FINRA Arbitration No. 25-01739 about Rodger Thomas. Mainly, the client alleged that Thomas made unsuitable recommendations in several alternative investments between 2016 and 2018. Because of this, the investor allegedly sustained damages associated with corporate bonds, over-the-counter equities, and business development companies (BDCs). Therefore, the client requested $500,000 in compensation from Newbridge Securities Corporation or Thomas. It appears that this arbitration is pending a resolution.

Rodger Thomas Disclosed Misrepresentation Allegations By Newbridge Securities Corporation Client

Additionally, a client of Newbridge Securities Corporation contested Rodger Thomas’s sales practices, according to a complaint. Allegedly, Thomas made misrepresentations of material fact. It appears that Thomas caused the client to sustain damages linked to alternative investments. Therefore, Newbridge Securities Corporation opted to settle the matter on June 27, 2023, by compensating the client in the amount of $10,000.

SCF Securities Inc. Investor Accused Rod Thomas Of Breach Of Fiduciary Duty

Specifically, a SCF Securities Inc. client filed FINRA Arbitration No. 21-02567 about Rodger Thomas. Primarily, the client alleged that Thomas made unsuitable recommendations, made misrepresentations of material fact, and breached his fiduciary duty. For this reason, the client allegedly incurred damages relating to direct investments. Consequently, on January 31, 2022, SCF Securities Inc. settled this matter by paying the client $25,000 in damages.

Rodger Thomas Disclosed Misrepresentation Allegations By Ameriprise Financial Services Inc. Client

Evidently, a client of Ameriprise Financial Services Inc. disputed Rodger Thomas’s sales practices, according to a complaint. Allegedly, Thomas made misrepresentations of material fact. It appears that Thomas caused the client to sustain damages connected to asset-backed bonds. As a result, Ameriprise Financial Services Inc. opted to settle the matter on May 2, 2011, by compensating the client in the amount of $36,902.35.

Did You Invest With Financial Advisor / Securities Broker Rod Thomas?

Do you need clarification on any investment losses relating to Rodger Thomas? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Thomas and brokerage firms Thomas worked for deny allegations of sales practice violations.