Mike C. O’Meara Investigation
May 2022 – Georgetown, TX
According to publicly available records Michael C. O’Meara (CRD#2652113) , a stockbroker who currently works for LPL Financial and who previously worked for McNally Financial Services Corp. discloses a pending customer dispute and three prior final customer disputes
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 3/2022 customers of McNally Financial Services filed FINRA Case 22-641 alleging that O’Meara misrepresented and made commissions when recommending that they invest in a real estate investment trust (REIT). They are seeking damages of $50,000 in this currently pending matter.
Prior customer disputes against Michael C. O’Meara resulting in the payment of compensation include:
- FINRA 12-03167 -While employed by Investors Capital, Corp. a customer sought damages of $400,000 and alleged unsuitability in connection with the purchase direct participation programs & limited partnership interests. The case was settled in the amount of $125,000.
- While employed with Banc One Securities Corporation, a customer sought damages of $73,454 and alleged “failure to execute an order to sell” involving Mutual Funds. That case was settled in the amount of $65,000.
O’Meara has been employed by LPL Financial since 7/2019. He was employed by McNally Financial Services from 8/2013-7/2019. He was previously employed by Investors Capital, Corp. from 7/2008 to 1/2011, Genworth Financial Serviced 1/2011-3/2011, United Planners Financial Services 3/2011-7/2013.
O’Meara discloses a business affiliation with O’Meara Financial Services and Gateway Financial Partners in Georgetown, TX.
If you have losses in an account handled by Mike C. O’Meara, you may be able to recover damages from his employer through FINRA arbitration. Call to discuss your options.
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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