Thomas Skove, formerly of Scotia Capital, Barred from Securities Industry
Have you lost money with financial advisor Thomas Skove of New York, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Thomas A. Skove. FINRA barred Skove from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Skove regarding allegations that he engaged in intraday purchases and sales, possibly prearranged, of eight securities that had exceeded aged inventory limits.
Thomas Skove was a financial advisor and registered representative of Scotia Capital from May 2014 to July 2015. He was also with Merrill Lynch from November 2010 to April 2014. He worked at branch offices in New York, New York. Skove was also terminated by Scotia Capital for the above-referenced conduct.
Brokerage firms like Scotia Capital 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York and in the New York City area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Skove, Thomas BrokerCheck 6.9.17
Click to view: Skove, Thomas FINRA AWC
If you lost money with Thomas Skove or Scotia Capital, 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.