Mark Frommer (CRD #: 1553129), a broker and an investment advisor registered with Oppenheimer & Co., is facing an allegation that he misrepresented investments, according to his BrokerCheck record accessed on August 26, 2020. There are three other disclosures on his record that investors should know about.
On July 7, 2020, a client alleged that Mark Frommer misrepresented a private equity fund, particularly regarding the life of the investment. Damages are not specified; the dispute is pending.
On September 18, 2019, a client alleged that he did not authorize Mr. Frommer to establish a liquidity access line for borrowing against his securities of the purchase of hedge funds and certain stocks. (A liquidity access line allows investors to use their securities as collateral for a line of credit.) Damages were not specified, and the dispute was denied by the firm.
On December 16, 2001, a client alleged that Mr. Frommer did not follow instructions. The client sought damages of $5,001, but the dispute was denied by the firm.
Mark Frommer has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in Arizona, California, Colorado, Florida, Illinois, Michigan, Minnesota, Nevada, New Mexico, New York, North Carolina, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, West Virginia, and Wisconsin. He is also a registered investment adviser in Illinoi and Texas.
During his 32-year career, Mr. Frommer has worked at the following firms:
- Morgan Stanley (CRD #: 149777)
- Merrill Lynch, Pierce, Fenner & Smith Inc. (CRD #: 7691)
- Lehman Brothers Inc. (CRD #: 7506)
- Morgan Stanley & Co., Inc. (CRD #: 8209)
- Mimlic Sales Corporation (CRD #: 15296)
If Mark Frommer was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.