Borrowing Money from Customers of his Brokerage Firm

MrPeste
MrPeste
Jul 18, 2016, 11:16 PM |
0

Christopher Tolmacs Permanently Barred from the Securities Industry

Have you lost money investing with former stockbroker Christopher Tolmacs? The Peiffer Rosca Wolf securities lawyers are currently investigating Christopher Tolmacs’ alleged materially misleading statements and omissions in connection with the issuance of promissory notes, and preparing to take action and help any victimized investors seek compensation for their investments.

Christopher Tolmacs allegedly failed to fully respond to an information and documents request connected with an investigation into allegations that he had entered into lending arrangements with several of his customers through the issuance of promissory notes, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by Cleveland attorneys Alan Rosca and James Booker.

FINRA is also looking into whether Tolmacs allegedly made materially misleading statements and omissions in connection with the aforementioned arrangements, and whether Tolmacs converted customer funds, the AWC notes.

Christopher Tolmacs Allegedly Engaged in Dishonest and Unethical Business Practices in the Securities Industry

Christopher Tolmacs, who worked in a nationwide brokerage firm’s Portage, Michigan branch office from 2008 through 2016, was named a respondent in April 2016 in a FINRA Complaint that he allegedly “engaged in dishonest and unethical business practices in the securities industry within the previous 10 years”, according to recent FINRA Documents currently under review by attorneys Alan Rosca and James Booker.

In addition, in November 2015, the Michigan State Treasury, in November of 2015, allegedly filed a tax lien totaling $15,858.30 against Christopher Tolmacs, according to government documents from Michigan. Said lien purportedly remains outstanding.

One should also note that, according to the AWC, Christopher Tolmacs neither admitted nor denied the FINRA findings.