SEAN DONALD PREMOCK 10 Years in Prison

SEAN DONALD PREMOCK (CRD#: 3175558), a former Fort Lauderdale, Florida, broker/investment advisor, was sentenced to 10 years in prison for defrauding investors out of more than $1 million.
On August 25, 2020, a U.S. District Judge sentenced SEAN DONALD PREMOCK to 10 years in prison, three years of supervised release, and he is to forfeit approximately $797,000 in proceeds.  Premock also has to pay $1,061,532 in restitution, according to the U.S. Attorney’s Office for the Eastern District of Pennsylvania.
According to the U.S. Attorney’s Office, SEAN DONALD PREMOCK pleaded guilty in May of 2017 to nine counts of wire fraud, nine counts of mail fraud, one count of securities fraud, and one count of investment advisor fraud. Premock has not been registered since his discharge from Kovack Securities in 2010. In 2013, FINRA barred Premock from the securities industry over allegations that he facilitated more than $1.4 million in private securities transactions away from his firm, according to the SEC record.
In 2009, SEAN DONALD PREMOCK formed Mocktrading Investments and Mock Trading Group.  According to the U.S. Attorney’s Office, Premock used those firms to defraud his mostly elderly and inexperienced clients, including family members, promising he would invest their money in low-risk, safe investments. Many of Premocks’ clients trusted him with their life savings. Premock invested approximately half of the client funds and used the remainder for his own personal use.
According to the U.S. Attorney’s Office, after SEAN DONALD PREMOCK lost his securities licenses he continued telling clients that he was a licensed broker and financial advisor, and then subsequently lost almost all of his clients’ money, nearly $1 million.
According to FINRA’s BrokerCheck, SEAN DONALD PREMOCK, was barred by FINRA in 2013, and by the Florida Office of Financial Regulation (OFR) in 2013. He was barred by the SEC in 2019. He has 12 Disclosures on his CRD report with FINRA, and Premock was in the securities industry for 11 years and was listed with 2 firms, the most recent below:
06/29/2001 - 12/03/2010  KOVACK SECURITIES INC - FT. LAUDERDALE, FL 
If you’ve experienced losses due to the actions or recommendations of SEAN DONALD PREMOCK, formerly of Kovack Securities of Ft. Lauderdale, Florida, contact the Florida-based, Soreide Law Group, and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552. 
Soreide Law Group represents clients nationwide before FINRA and works on a contingency fee basis.