Tolmacs has been named in 12 customer disputes over the span of his career as a broker.
The Sonn Law Group is investigating allegations that Chris Tolmacs recommended unsuitable investments. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Chris Tolmacs (CRD#: 4648724) was registered as a broker with Triad Advisors from 2008 until 2016. Previously Tolmacs was registered with ING Financial Partners from 2005 until 2008.
Tolmacs was suspended by FINRA in March 2018 for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. Tolmacs was suspended until he made the required payment.
Tolmacs has twelve customer disputes on his BrokerCheck report.
July 2020 Customer Dispute
- Status: Pending
- Allegations: Claimant alleges unsuitable investment recommendations were made in 2015 to concentrate an IRA in illiquid, high commission private placement investments.
July 2018 Customer Dispute
- Status: Settled
- Allegations: Claimant alleges that monies provided to the Representative in 2013, purportedly for investment purposes, were converted for his own use.
- Damage Amount Requested: $100,000.00
- Settlement Amount: $34,250.00
March 2018 Customer Dispute
- Status: Settled
- Allegations: Claimants are dissatisfied with the performance of alternative investments purchased in 2010 and 2012 and now claim that the investments were unsuitable. As well, Claimants allege that they loaned money to the former Registered Representative and were not repaid.
- Damage Amount Requested: $300,000.00
- Settlement Amount: $95,000.00
January 2017 Customer Dispute
- Status: Settled
- Allegations: Claimant allege that Representative made unsuitable recommendations for their retirement assets.
- Damage Amount Requested: $130,267.64
- Settlement Amount: $51,000.00
December 2016 Customer Dispute
- Status: Settled
- Allegations: Suitability
- Damage Amount Requested: $100,000.00
- Settlement Amount: $18,000.00
October 2016 Customer Dispute
- Status: Award / Judgment
- Allegations: Christopher Thomas Tolmacs was named in a customer complaint that asserted the following causes of action: breach of fiduciary duty; breach of loan agreements; breach of the implied covenant of good faith and fair dealing; failure to recommend suitable investments; and conversion. The causes of action relate to Respondent Tolmacs’ recommendation of allegedly unsuitable alternative investment products to Claimants and Respondent Tolmacs’ alleged solicitation of Claimants to enter into improper lending agreements.
- Damage Amount Requested: $1,600,000.00
- Regulator Statement: The award against Christopher T. Tolmacs was stayed through U.S. Bankruptcy Court Western District of Michigan, Case #18-02231-swd.
July 2016 Customer Dispute
- Status: Settled
- Allegations: Conversion of funds May 2010 – June 2013
- Damage Amount Requested: $300,000.00
- Settlement Amount: $190,000.00
July 2016 Customer Dispute
- Status: Settled
- Allegations: Conversion of funds March 2013 – March 2014
- Damage Amount Requested: $209,000.00
- Settlement Amount: $146,000.00
June 2016 Customer Dispute
- Status: Settled
- Allegations: Suitability August 2014 – December 2015
- Damage Amount Requested: $100,000.00
- Settlement Amount: $40,000.00
May 2016 Customer Dispute
- Status: Settled
- Allegations: Representative solicited and accepted loans from customers.
- Damage Amount Requested: $90,000.00
- Settlement Amount: $60,000.00
May 2016 Customer Dispute
- Status: Settled
- Allegations: Representative solicited and accepted loans from customers.
- Damage Amount Requested: $100,000.00
- Settlement Amount: $66,000.00
May 2016 Customer Dispute
- Status: Settled
- Allegations: Representative solicited and accepted loans from customers.
- Damage Amount Requested: $385,000.00
- Settlement Amount: $225,000.00
Contact Us Today
The Sonn Law Group is currently investigating allegations that Chris Tolmacs recommended unsuitable investments. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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