10.0David P Neuman
(720) 599-3505

WARNING! Impending Investigation: MOLONEY SECURITIES CO. and ROBERT THEMM

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15
Dec

WARNING! Impending Investigation: MOLONEY SECURITIES CO. and ROBERT THEMM

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WARNING!  Impending Investigation:  MOLONEY SECURITIES CO. and ROBERT THEMM

Moloney Securities Co. and Robert Themm

 

We are currently investigating allegations made against Moloney Securities Co., Inc., a Manchester, Missouri-based securities brokerage firm.  FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Moloney Securities Co., making allegations that Moloney failed to adequately supervise one of their brokers, Robert Themm.

 

Robert Themm was previously discharged from another brokerage firm for borrowing money from a client, which is generally not allowed in the securities industry, except for limited circumstances.  Despite having notice of his termination for borrowing money, FINRA alleged that Moloney Securities failed to adequately and timely investigate claims made by one of their customers.  One elderly customer alleged that she loaned Themm $4,000, and that he repeatedly failed to sell antique medals that Themm recommended that she purchase.  To settle these allegations, Moloney Securities agreed to pay a $15,000 fine.

 

Robert Themm was a former registered representative and financial advisor with Moloney Securities from July 2011 to March 2014.  He has been barred from the securities industry by both FINRA and the Michigan Securities Bureau.   Themm worked at a branch office in Saginaw, Michigan.

 

Broker-dealers like Moloney Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, such as to refrain from borrowing money from customers.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Michigan.  Attorney Aaron Israels is licensed to practice law in Michigan.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.

 

HAVE YOU LOST MONEY WITH MOLONEY SECURITIES CO. or ROBERT THEMM?   

 

             CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION

                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

 

Click to view:  Moloney FINRA AWC

Click to view:  Themm BrokerCheck 12.14.15

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


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