Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 7, 2016 indicate that former Pennsylvania-based PNC Investments broker Thomas Omark has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Omark (CRD# 2121589).
Thomas Omark has spent 24 years in the securities industry and was most recently registered with PNC Investments in Erie, Pennsylvania (2004-2015). Previous registrations include JJB Hilliard Lyons & Company in Louisville, Kentucky (1998-2004); PNC Brokerage Corporation in Pittsburgh, Pennsylvania (1994-1999); and PNC Securities in Pittsburgh, Pennsylvania (1991-1994). He is currently not registered with any state or firm.
According to his BrokerCheck report, Thomas Omark has been sanctioned by FINRA.
In November 2016 FINRA sanctioned Thomas Omark following allegations he exercised discretion without authorization. According to FINRA: “Omark consented to the sanctions and to the entry of findings that he exercised discretion in executing transactions, without written authorization, in clients’ accounts. The findings stated that in addition, Omark mismarked order tickets in customers’ accounts for the purchase of preferred stock for his member firm affiliated company, inaccurately indicating that the purchases were unsolicited. The firm’s policy prohibited its representatives from soliciting the purchase of any affiliate company’s stock.” He was issued a six-month suspension and a fine of $10,000.
If you or someone you know has lost money investing with Thomas Omark, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.