CLEVELAND and DETROIT, July 18, 2016 /PRNewswire/ -- The investor rights law firms of Peiffer Rosca Wolf Abdullah Carr & Kane, APLC and Peter C. Rageas & Associates, P.C. are jointly investigating the sales practices of Christopher Tolmacs ("Tolmacs") and the supervisory practices of the brokerage firm with which Tolmacs was formerly affiliated. Chris Tolmacs' clients who believe they may have suffered any losses are encouraged to contact Alan Rosca or James Booker of the Peiffer Rosca Wolf law firm at 888-998-0520 or Peter C. Rageas at 313-962-7777 for a free, no-obligation case evaluation.
Tolmacs was barred from the securities industry by the Financial Industry Regulatory Authority ("FINRA") in March 2016. Beginning in February 2016, FINRA investigated whether Tolmacs had entered into lending arrangements with several of his customers through the issuance of promissory notes, and assessing whether those arrangements violated FINRA rules. FINRA also investigated whether Tolmacs made materially misleading statements and omissions in connection with any such arrangements. Lastly, FINRA was also investigating whether Tolmacs converted his customers' funds.
The Peiffer Rosca Wolf attorneys Alan Rosca and James Booker, along with Detroit attorney Peter Rageas, are conducting their own investigation into Tolmacs' alleged lending arrangements and the allegations of Tolmacs converting his customers' funds. Additionally, the Peiffer Rosca Wolf attorneys and attorney Peter Rageas are investigating the supervision of Tolmacs by the brokerage firm with which he was formerly affiliated, and whether or not that firm adequately discharged its supervisory duties.
If you invested with Christopher Tolmacs and wish to obtain additional information about our investigation, or would like to discuss this matter or your rights, please contact Alan Rosca or James Booker of the Peiffer Rosca Wolf law firm at 888-998-0520 or Peter C. Rageas at 313-962-7777.
The law firms of Peiffer Rosca Wolf Abdullah Carr & Kane, APLC and Peter C. Rageas & Associates, P.C. represent individual and institutional investors who have suffered financial losses as a result of investment fraud or misconduct, Ponzi schemes, unsuitable investment recommendations, or abusive practices in the financial industry.
Attorney Advertising. Prior results do not guarantee a similar outcome. Please visit our websites, www.securitieslitigators.com and www.brokersecuritiesfraud.com, for important disclosures, office locations, and lawyer admissions. Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation & Peter C. Rageas & Associates, P.C.
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SOURCE Peiffer Rosca Wolf Securities Lawyers