Christopher Tolmacs Investigation — Borrowing Money from Customers of his Brokerage Firm
Chris Tolmacs Allegedly Borrowed Money from Customers of His Brokerage Firm, Triad Advisors; Investor Right Lawyers Investigating
Christopher Tolmacs allegedly borrowed money from customers of his brokerage firm, Triad Advisors, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by Cleveland investor right attorneys Joe Peiffer and James Booker together with Detroit securities lawyer Peter Rageas.
Christopher Tolmacs was a financial advisor and registered representative of Triad Advisors from April 2008 to March 2016 and worked at a branch office in Portage, Michigan. Tolmacs also ran a couple of his own businesses, including Harbinger Financial Group and Harbinger Asset Management, the AWC notes.
The Peiffer Wolf securities lawyers have teamed up with Detroit securities fraud lawyer Peter Rageas to investigate Christopher Tolmacs’s alleged private securities transactions without proper approval, and are preparing to take action on behalf of victimized investors.
Christopher Tolmacs Barred by FINRA after Failing to Respond to a FINRA Investigation
In February 2016, FINRA began investigating Tolmacs and whether or not he had entered into lending arrangements with several of his customers through the issuance of promissory notes, according to the aforementioned AWC currently under review by attorneys Joe Peiffer, James Booker, and Peter Rageas.
Christopher Tolmacs then allegedly failed to respond to FINRA’s request for documents and information and refused to appear for the continuation of his on-the-record-testimony after, in February 2016 after FINRA began investigating whether Tolmacs had entered into lending arrangements with several of his customers, the AWC notes.
Christopher Tolmacs, as a result, violated FINRA Rules, and hence, has been barred by FINRA. One should also note that, according to the AWC, Christopher Tolmacs neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers and securities fraud attorney Peter Rageas often represent investors who lose money as a result of alleged unauthorized transactions and are currently investigating Christopher Tolmacs’ alleged private securities transactions without approval. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Christopher Tolmacs’ alleged private securities transactions without approval may contact the Cleveland securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434, or Detroit attorney Peter Rageas at 313-334-7767.