The Financial Industry Regulatory Authority (FINRA) recently sanctioned Thomas Omark, a former broker with PNC Investments in Erie, Pennsylvania. FINRA alleged that he “exercised discretion in executing transactions, without written authorization, in client’s accounts. He also 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.” It is against securities laws. For this, he was issued a six-month suspension and fined $10,000.
Thomas Omark was registered with PNC Securities in Pittsburgh, Pennsylvania from January 1991 until December 1994, PNC Brokerage Group in Pittsburgh from December 1994 until April 1999, JJB Hilliard in Louisville, Kentucky from April 1999 until January 2004, and PNC Investments in Erie, Pennsylvania from January 2004 until October 2015. He is not currently registered with any firm and he is not licensed within the industry. If you suffered investment losses with Mr. Omark, please call our securities law firm based in Chicago today for a free consultation with one of our attorneys. The call is free with no obligation so please call today.