Thomas D. Renison Allegedly Defrauds Elderly Client
Thomas D. Renison, an investment professional in Hartford, Connecticut, was charged with fraudulent and deceptive conduct towards the clients he advised, as per an Securities and Exchange Commission action.
The Peiffer Rosca law firm’s securities practice attorneys Alan Rosca and Joe Peiffer are investigating the matter on behalf of investors.
Thomas D. Renison Is a Financial Industry Veteran
Renison was associated with multiple investment adviser registered with the SEC, as specified in their report. From January of 2009 to May of 2010, Renison was associated as an investment adviser and a broker-dealer with Equity Services, Inc., a SEC-registered company. Simultaneously, Renison was the founder and operator of unregistered firm Connecticut Financial Group. Renison advised clients on the investments of their retirement funds and also sold annuities, variable annuities, and life insurance through Connecticut Financial Group.
Renison Allegedly Defrauds Investors While Under Sean McDermott’s Supervision
In May of 2008, Renison allegedly went to Maine to petition an elderly investor to invest $600,000 in a resort located in Hungary, as per the Broker Check CRD Report. He promised the investor a return of his principal investment as well as an additional $400,000 within six months. In order to convince the Maine investor to finance in the resort, Renison supposedly gave him a prospectus containing false information about Renison’s experience, his role in the project, and false claims about prominent people’s involvement in the resort. Renison allegedly failed to disclose all material facts necessary to avoid misleading the purchaser and used $105,000 of the invested funds for personal purposes, according to the SEC report. After the sale of the investment, Renison supposedly continued to reassure the investor that his funds would be repaid in the terms they had agreed on. In the end, the Maine investor only had $60,000 of his principal returned to him and did not get any return on his investment, as specified in the Broker Check CRD Report.
The order issued by the Securities Administrator of the State of Maine on October 22, 2012, found that Renison allegedly committed five violations of the Maine Uniform Securities Act, including fraudulent and deceptive conduct, according to the SEC Report. Renison is permanently banned from associating with any Maine issuer, broker-dealer, or investment adviser.
Investor Right Attorneys Investigating Renison’s Misconduct
The Peiffer Rosca attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting investors with the recovery of any losses they may have suffered in connection with Thomas D. Renison. 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: Thomas D. Renison
Status: INVESTIGATED by Peiffer Rosca.
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