INVESTOR WARNING! Thomas Omark from Erie, Pennsylvania
Have you lost money with financial advisor Thomas Omark of Erie, Pennsylvania? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Thomas E. Omark. FINRA alleged that Omark executed trades in at least four customer accounts without prior written authorization from the customers, between January 2015 and October 2015.
FINRA also alleged that Thomas E. Omark purchased a number of preferred shares of PNC Financial Services Group on behalf of his customers and marked the purchases as “unsolicited”, when in fact they were solicited. Omark was alleged to have done this over 240 times. To settle these allegations, Omark agreed to a six-month suspension from the securities industry and a $15,000 fine.
Thomas E. Omark is a financial advisor and registered representative of PNC Investments from 2004 to October 2015. He worked at a branch office in Erie, Pennsylvania. Omark was also affiliated with Crump Life Insurance.
Brokerage firms like PNC Investments 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, Ann Arbor, Chicago, Vancouver, and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Pennsylvania and several victims of former advisor Douglas Simanski. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Omark, Thomas FINRA AWC
Click to view: Omark, Thomas BrokerCheck 11.16.16
HAVE YOU LOST MONEY WITH THOMAS OMARK OR PNC INVESTMENTS?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Aaron Israels: (720) 599-3505
David Neuman: (206) 795-5798
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.