The Securities Lawyers at Halling & Cayo, S.C. are investigating claims on behalf of investors who lost money after investing with Thomas Chadwick. It has been alleged in a FINRA Arbitration action that Mr. Chadwick allegedly engaged in misconduct related to the sale of leveraged exchange-traded notes (ETNs), specifically the Credit Suisse XLinks Monthly Pay 2xLeveraged Mortgage REIT Exchange Traded Notes (REML). The FINRA Arbitration action alleges that Mr. Chadwick misrepresented REML as a low-risk investment suitable for retirees. This was not the case, REML was an extremely high-risk investment and investors relying on Mr. Chadwick’s advice lost millions of dollars.
Mr. Chadwick was registered as an investment adviser at Chadwick & D’Amato LLC from October 2000 to December 2021. The firm was based in New London, New Hampshire, and its registration was voluntarily terminated in December 2021. Mr. Chadwick is currently not registered as an investment adviser. Mr. Chadwick has been the subject of three customer disputes, with claims relating to the handling of accounts and investments. Further, Mr. Chadwick has been barred by regulators in Vermont and New Hampshire. He was ordered to pay over $4.8 million in restitution to his former clients.
The Securities Lawyers at Halling & Cayo, S.C. have decades of experience helping investors like you recover losses associated with the actions of unscrupulous brokers. If you invested money with Mr. Chadwick and lost money in your account, call and speak with one of our experienced securities litigation attorneys today to learn about whether you may have options for recovery.