The Thomas Space lawsuit is a New Hampshire securities enforcement action resolved by consent order on January 14, 2026, in which the state’s Bureau of Securities Regulation alleged that financial advisor Thomas Space executed unsuitable options trades in a conservative client’s account while working at Redwood Private Wealth, LLC. Space and the firm agreed to pay $131,426 in restitution, fines, and investigation costs, without admitting or denying the allegations.1New Hampshire Secretary of State. In the Matter of Redwood Private Wealth and Thomas Space, Consent Order
What the State Alleged
The client at the center of the case is identified in the order only as “DT,” a former public school teacher whose investment profile was conservative. According to the Bureau, Space sold “naked puts” in the account — a high-risk options strategy that exposes the seller to potentially large losses if the underlying asset falls. The Bureau said those trades conflicted with the client’s stated risk tolerance and produced account losses of $81,426.1New Hampshire Secretary of State. In the Matter of Redwood Private Wealth and Thomas Space, Consent Order
What the Consent Order Requires
Space and Redwood Private Wealth are jointly and severally liable for $81,426 in restitution to the affected client, a $25,000 administrative fine, and $25,000 in investigation costs. The order also imposes a permanent cease-and-desist from further violations of the New Hampshire Securities Act.1New Hampshire Secretary of State. In the Matter of Redwood Private Wealth and Thomas Space, Consent Order
A separate provision bars both respondents from publicly denying the allegations or suggesting the order lacks a factual basis. Violating that clause could cause the order to be rescinded and formal enforcement proceedings to begin. The action is listed on the Bureau’s public enforcement actions page.2New Hampshire Secretary of State. Bureau of Securities Enforcement Actions
Who Thomas Space Is and Where He Works Now
Thomas Edward Space (CRD #2382115) is a Certified Financial Planner based in Gilford, New Hampshire, with roughly 26 years in the investment advisory industry. He worked at Redwood Private Wealth from July 2021 to March 2025, and he has served since 2018 as Managing Director of Tax Reduction Specialists. He is also a licensed insurance producer for life, health, and fixed annuity products.3SEC Investment Adviser Public Disclosure. Thomas Edward Space, Individual Report
Redwood Private Wealth was an SEC-licensed investment adviser based in Phoenix, Arizona. Its SEC registration ended on March 31, 2025 — the same day Space’s employment there concluded.1New Hampshire Secretary of State. In the Matter of Redwood Private Wealth and Thomas Space, Consent Order4SEC Investment Adviser Public Disclosure. Thomas Edward Space, Individual Summary5Brookwood Investment Group. Find a Financial Advisor
What Shows Up on His Federal Record
Space’s public SEC disclosure report, last updated in April 2025, shows zero disclosed events. The January 2026 New Hampshire consent order had not appeared on his federal regulatory record as of that update.3SEC Investment Adviser Public Disclosure. Thomas Edward Space, Individual Report The consent order itself is publicly available through the New Hampshire Secretary of State’s office.2New Hampshire Secretary of State. Bureau of Securities Enforcement Actions