Ernest Romer III, formerly of Corecap Investments, Barred from Securities Industry
Have you lost money with financial advisor Ernest Romer of Sterling Heights and Shelby Township, Michigan? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Ernest J. Romer III. FINRA barred Romer from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Romer after he was terminated by his brokerage firm, Corecap Investments, for allegedly engaging in undisclosed outside business activities.
Ernest Romer was a financial advisor and registered representative of Corecap Investments from October 2012 to January 2017. He was also affiliated with L.M. Kohn & Company from July 2012 to October 2012. He worked at branch offices in Sterling Heights, Michigan. Romer also has had his securities license revoked by Michigan, according to clickondetroit.com. Romer was also fired by Corecap Investments, and he has been the subject of at least 5 customer complaints.
Brokerage firms like Corecap Investments and L.M. Kohn & Company have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and in the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan and throughout the Detroit area. Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area. We have also represented a number of victims who had their money stolen by Michigan brokers, including Christopher Tolmacs. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Romer, Ernest BrokerCheck 8.17.17
If you lost money with Ernest Romer or Corecap Investments, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.