Written by The White Law Group• January 2, 2020• 3:22 pm• Blog

Omar K. Henry Broker Investigation

Financial Advisor Omar K. Henry, Cetera Advisors in New York, NY

Are you concerned about investments with Omar K. Henry in New York, NY? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public records on FINRA’s website, the regulator reportedly barred Henry from association with any FINRA member in any capacity. Respondent allegedly failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he reportedly is automatically barred from association with any FINRA member.

According to his FINRA BrokerCheck report, Henry was reportedly affiliated with Cetera Advisors in New York 2015 and 2016. Prior to that, he was reportedly registered with JP Morgan in Franklin, NJ for 3 years until he allegedly “resigned while under internal review for affixing a customer’s signature to a switch letter.”

FINRA’s investigation was reportedly in connection with a pending customer complaint on his broker report in 2018 while he was associated with Cetera for allegations of unsuitable investments in limited partnerships and/or direct participation program interests. Damage amount requested is reportedly $451,844.09.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Henry’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including New York and New Jersey. Our attorneys have recovered millions of dollars from many brokerage firms in the past.