Publicly available records published by the Financial Industry Regulatory Authority on March 24, 2017 indicate that former New York-based Cova Capital Partners broker Michael Oromaner has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking investors who have complaints regarding Michael Oromaner (CRD# 2857559).
Michael Oromaner has spent sixteen years in the securities industry and was most recently registered with Cova Capital Partners in Syosset, New York (2016-2017). Previous registrations include Salomon Whitney Financial in Farmingdale, New York; Avenir Financial Group in Huntington, New York; Legend Securities in East Meadow, New York; Brookville Capital Partners in Uniondale, New York; Prestige Financial Center in Garden City, New York; New Castle Financial Services in Melville, New York; and EKN Financial Services in Woodbury, New York. He is currently not registered with any state or firm.
According to his BrokerCheck report, Michael Oromaner has received two regulatory sanctions, five customer complaints and one pending customer complaint.
In May 2016 FINRA sanctioned him following allegations he failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. He was issued a temporary suspension.
In March 2016 a customer alleged Michael Oromaner, while employed at New Castle Financial Services, Brookville Capital Partners, and Legend Securities, used high pressure sales techniques, made unsuitable investment recommendations, churned investments, and charged excessive and hidden commissions. The customer is seeking $750,000 in damages in the pending complaint.
In 2010 FINRA sanctioned him in connection to allegations he did not follow a stop loss instructions. He was issued a 10-day suspension and a fine of $5,000.
In 2002 a customer alleged Michael Oromaner, while employed at National Securities, caused “margin problems.” The complaint settled for $150,000.
If you have lost money investing with Michael Oromaner, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.