Category Archives: Cova Capital Partners

Francis L. Smookler-Former Legend Securities Broker-Discloses Numerous Customer Disputes

Syosset, New York

MAY 2017 UPDATE-Francis Smookler is not currently registered. His registration with Cova Capital Partners ended January 2017. Smookler is named in a pending FINRA investigation alleging that he made trades in Nebraska and Indiana and was not registered to transact business as a broker in those states.

ORIGINAL POST JUNE 2016

According to FINRA records,  Francis L. Smookler, Jr.    a stockbroker  who  is currently employed by Cova Capital Partners , discloses one pending and twelve prior customer disputes. He also discloses a final regulatory event and a pending judgment/lien.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In currently pending FINRA Case 16-0405, a customer while Smookler while he was employed by New Castle Financial Services, Brookville Capital Partners and Legend Securities alleges damages of $750,000 for high pressure sales techniques, unsuitable investments, churning and excessive and hidden commissions.

If you have questions about an account handled  by Francis L. Smookler, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael Oromaner-Former Salomon Whitney Broker- Named In Customer Complaint Alleging High Pressure Sales

MAY 2017- Farmingdale, New York

The FINRA records of Michael L. Oromaner  disclose 2 regulatory matters that have  been finalized, 10 final customer disputes, 1 pending customer dispute and 2 outstanding judgements or liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 5/2016 , in FINRA case 12-3310, the arbitration panel ordered Oromaner and his prior employer, Brookville Capital Partners to pay a customer over $29,000. The customer had alleged unauthorized trading, over concentration of investments and excessive markups and markdowns on thinly traded stocks.

In pending  FINRA Case 16-00405, a customer of Oromaner’s while he was previously employed by New Castle Financial Services ,now known as Brookville Capital Partners, and Legend Securities alleges that Oromaner used high pressure sales techniques, made unsuitable investments, churned the account and charged excessive and hidden commissions. Damages of $750,000 are alleged.

Oromaner is not currently registered. He worked for  Salomon Whitney Financial  since 3/2016-9/2016.  He was previously registered with Cova Capital Partners 10/2016-1/2017 and Avenir Financial Group 1/2015-3/2016. Prior to that he was registered with Legend Securities 1/2014-1/2015 and Brookville Capital Partners 11/2009-1/2014.

If you have losses in an account handled by Michael L. Oromaner , and believe that your account was mishandled, call to learn how you may be able to recover damages from his employer.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870