Tom Holly Facing Investor Suitability Complaints

Soreide Law Group is investigating possible investor claims against securities broker John Thomas Holly AKA Tom Holly [CRD#: 1713313, Boca Raton, FL]. Holly has worked for (1) B. Riley Wealth Mgmt. since 2022; (2) B. Riley Wealth Advisors Inc. since 2004; and (3) National Securities Corporation from 2004-2022.

Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that clients of National Securities Corporation disputed the sales practices of the securities broker. Evidently, investors allege sales practice violations in these disputes, including that Holly made unsuitable recommendations. Here is a brief summary of the disclosures about Holly:

National Securities Corporation Client Accuses Tom Holly Of Unsuitable Advice

Evidently, on July 18, 2022, a National Securities Corporation client filed FINRA Arbitration #: 22-01592 about Tom Holly. Specifically, the client alleged that Holly made unsuitable recommendations. Because of this, the client purportedly sustained damages pertaining to investments in private placements. Therefore, the client requested $100,000 in compensation from National Securities Corporation or Holly. Evidently, this arbitration is pending a resolution.

Holly Allegedly Makes Excessive Transactions In Account Of First Union Securities Financial Network Client

Also, a client of First Union Securities Financial Network contested Tom Holly's sales practices by filing FINRA Arbitration #: 02-01425. Supposedly, Holly made excessive and unsuitable transactions. Allegedly, the over-the-counter equities transactions connected to this securities broker caused the client to sustain damages. Therefore, First Union Securities Financial Network opted to settle the matter on April 7, 2003, by compensating the client in the amount of $190,000.

JW Genesis Securities Client Accuses Tom Holly Of Misrepresentation

Evidently, a client of JW Genesis Securities contested Tom Holly’s sales practices, according to a complaint. Supposedly, Holly made unsuitable recommendations and misrepresentations. Allegedly, the corporate bond transactions involving this securities broker resulted in damages for the client. Therefore, JW Genesis Securities opted to settle the matter on February 28, 2001, by compensating the client in the amount of $6,000.

JW Genesis Securities Client Accuses Holly Of Unsuitable Transactions

Also, on February 5, 1998, a JW Genesis Securities client filed an investment-related complaint about Tom Holly. Specifically, the client alleged that Holly made unsuitable transactions. For this reason, the client claims that they experienced damages relating to investments in stocks. Therefore, the client requested $6,000 in compensation from JW Genesis Securities or Holly. However, the securities broker-dealer denied this complaint.

Did National Securities Corporation Securities Broker Tom Holly Cause You To Experience Damages?

Have you experienced damages through any sales practice violations by Tom Holly? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment damages. Soreide Law Group, who has successfully recovered money for investors throughout all 50 states, represents clients through a contingency fee arrangement and advances all costs. Holly and brokerage firms Holly associated with deny any and all allegations of sales practice violations.