Discharged from R.M. Stark & Co in 2019 for allegations of inappropriate and unsuitable investment recommendations
Did you lose money investing with Thomas Marino? Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
Former RM Stark & Co. broker Thomas John Marino, (CRD# 4438533) has been barred from FINRA for refusing to provide information relating to an investigation into the potential misuse of customer funds.
According to his FINRA BrokerCheck profile, Marino has 17 years of industry experience, including: R.M. Stark & Co.,of Delray Beach, FL (2012–2019); J.W. Cole Financial of Sarasota, FL (2009–2012); and Newbridge Securities Corp. of Boca Raton, FL (2009–2009).
Other employers included Summit Brokerage of West Palm Beach, FL; Morgan Stanley of Sarasota, FL and A.G. Edwards & Sons of St. Louis, MO.
Marino has seven disclosures in his FINRA record.
Marino was discharged from R.M. Stark in June 2019 following client allegations of inappropriate and unsuitable investment recommendations. The client alleged $300,000 in damages. This claim is pending.
While with R.M. Stark in 2019, a client alleged that Marino had made inappropriate and unsuitable investments for her risk tolerance. She alleged $300,000 in damages. This case is in arbitration.
Marino voluntarily resigned from JW Cole Financial in 2012 following firm allegations of reported policy violations. There were no customer disputes involved in the allegations.
Marino’s BrokerCheck profile indicates that he filed for Chapter 7 bankruptcy in 2010.
In November 2006 a customer alleged that Marino had made unauthorized transactions in his account, with alleged damages of $26,000. This claim was denied.
In May 2005, a couple alleged that a deferred variable annuity that Marino sold to them in a qualified plan was unsuitable, with requested damages in the amount of $5,000. The claim was settled for approximately $7,700.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.