Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 27, 2018 indicate that former Michigan-based Triad Advisors broker Christopher Tolmacs, who in 2016 was barred from acting as a broker or otherwise associating with a broker-dealer firm, has received new customer complaints and a new regulatory sanction. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Tolmacs (CRD# 4648724).
Christopher Tolmacs has spent twelve years in the securities industry and was most recently registered with Triad Advisors in Portage, Michigan (2008-2016). He was previously registered with ING Financial Partners in Portage, Michigan (2005-2008) and Vanguard Capital in Del Mar, California (2003-2005). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 12, 2012; Series 66 (Uniform Combined State Law Examination), which he obtained on August 26, 2003; Series 7 (General Securities Representative Examination), which he obtained on July 24, 2003; and Series 24 (General Securities Principal Examination), which he obtained on October 5, 2004. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received three regulatory sanctions, ten customer complaints and one pending customer complaint.
In July 2018 a customer alleged Christopher Tolmacs, while employed at Triad Advisors, converted funds for his own use. The complaint settled in August 2018 for $34,250.
In 2016 a customer alleged Christopher Tolmacs, while employed at Triad Advisors, recommended unsuitable investments including a fixed annuity and exchange-traded funds. The complaint settled for $51,000.
In 2016 a customer alleged Christopher Tolmacs, while employed at Harbinger Asset Management and Harbinger Financial Group, breached his fiduciary duty, breached loan agreements, breached the implied covenant of good faith and fair dealing, recommended unsuitable investments, and converted funds. The complaint resulted in an award to the customer of $1,200,000.
In 2016 a customer alleged he, while employed at Triad Advisors, recommended an unsuitable mutual fund product in April 2014. The complaint settled in 2017 for $18,500.
In March 2016 FINRA sanctioned him in connection allegations he failed to comply with FINRA requests for cooperation with an investigation into allegations of misconduct involving improper lending arrangement with customers and conversation of funds. He was issued a permanent bar from acting as a broker or otherwise associating with firms that sell securities to the public.
If you have lost money investing with Christopher Tolmacs, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.