August 2016- Portage, MI
The FINRA records of Christopher T. Tolmacs, a stock broker who was permanently barred from the industry by FINRA and who was last employed by Triad Advisors disclose 2 prior regulatory event, a currently pending customer dispute, 2 prior customer disputes and 2 currently outstanding judgement/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 March 2016, Tolmacs consented to FINRA sanctions, including a permanent bar from the industry, to resolve allegations that he failed to fully respond to requests from FINRA in connection with an investigation into whether Tolmacs had entered into lending arrangements with several of his customers through the issuance of promissory notes and whether Tolmacs made materially misleading statements and omissions in connection with those arrangements and whether Tolmacs converted customer funds. FINRA Case 2016048966301.
In a currently pending customer dispute, a customer of Triad Advisors alleges damages of $385,000 in connection with a loan solicited by Tolmacs.
The two prior customer disputes relate to loans from customers. One was settled for $66,000 and the other was settled for $60,000.
Tolmacs discloses a tax lien in favor of the Michigan State Treasury in the amount of $15,858 and a tax lien in favor of the Internal Revenue Service in the amount of $210,273.
Tolmacs was registered with Triad Advisors from 4/2008-3/2016.
If you have losses in an account handled by Christopher Tolmacs you may be entitled to damages from his former 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.
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