Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Wareing (Wareing), previously associated with Vanguard Marketing Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Wareing recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,356.63 on March 30, 2026.
The client alleges that the advisor sold him a fixed index annuity without properly disclosing the tax implications of withdrawing funds from his 401k to purchase the annuity, while he did not have to take an RMD due to still being employed. The annuity was issued on September 16, 2025. The client submitted a formal complaint to the California Department of Insurance and the issuing insurance company, North American Company for Life and Health Insurance.