Thomas O. Mikolasko, a former broker with HFP Capital Markets was fined $75,000 and suspended for 18 months by FINRA. Mikolasko allegedly engaged in activity to facilitate the sale of $3 million in Senior Secured Zero Coupon Notes to 58 customers of HFP. The notes were sold for Metals Millings and Mining LLC (MMM). These Notes defaulted and the investors were not paid principal nor the promised 100 percent return.
It is alleged that Thomas Mikolasko misrepresented and omitted material facts in connection with the firm’s sales of the offering. It was also alleged that HFP had conducted inadequate due diligence concerning the offering and the due diligence that HFP did conduct, identified ‘red flags’ regarding the offering.
According to FINRA's BrokerCheck, Thomas O. Mikolasko was previously registered with the following FINRA firm(s):
HFP CAPITAL MARKETS LLC (CRD# 44351) - NEW YORK, NY
11/2008 - 09/2011
EKN FINANCIAL SERVICES INC. (CRD# 113525) - NEW YORK, NY
06/2007 - 07/2008
CAPITAL GROWTH FINANCIAL, LLC (CRD# 41040) - NEW YORK, NY
05/2005 - 06/2007
If you were an investor who suffered losses as a result of doing business with Thomas O. Mikolasko, a former HFP Capital Markets broker, call Soreide Law Group, at 888-760-6552 for a free consultation with an attorney. Soreide Law Group represents clients nationwide before FINRA.
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