WARNING! Impending Investigation: THOMAS SKYPECK, BROKERS INTERNATIONAL FINANCIAL SERVICES, and O.N. EQUITY SALES CO.
Investigation of Thomas Skypeck, Brokers International Financial Services, and O.N. Equity Sales Company
Have you lost money with financial advisor Thomas Skypeck of Scarborough, Maine? We are investigating allegations made by the Securities and Exchange Commission (SEC) against Thomas Skypeck. The SEC barred Skypeck from the securities industry after he pled guilty to theft and violations of the Maine Uniform Securities Act in October 2015.
The SEC alleged that during 2012, he failed to disclose his relationship with a precious metals dealer to his brokerage firm, O.N. Equity Sales Company. It was also alleged that between November 2013 and April 2015, he stole coins valued at over $1,000 from a client. The SEC also alleged that between March 2009 and January 2013, he excessively traded or churned the account of an inexperienced investor.
Thomas Skypeck was a financial advisor and registered representative of Brokers International Financial Services LLC from April 2013 to December 2013. He was also affiliated with O.N. Equity Sales Company (or ONESCO) from July 2010 to April 2013. He worked at a branch office in Saco, Maine. His BrokerCheck report discloses that Skypeck had at least five tax liens against him.
Brokerage firms like Brokers International Financial Services and ONESCO have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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 in Maine. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including ONESCO, 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, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Skypeck SEC AWC
Click to view: Skypeck BrokerCheck 4.7.16
HAVE YOU LOST MONEY WITH THOMAS SKYPECK, BROKERS INTERNATIONAL, OR O.N. EQUITY?
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