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.
Florida-561 391 1900