Former Connecticut Broker Warren M. Rockmacher Under Investigation for Unsuitable Recommendations at Investacorp

Silver Law Group is investigating former Connecticut-based Investacorp, Inc. (CRD# 7684) broker Warren M. Rockmacher (CRD# 2005652) after FINRA suspended and then permanently barred the broker.

Rockmacher currently has a FINRA arbitration pending that alleges unsuitable recommendations and misrepresentation with damages in the amount of $75,000.

On May 12, 2016, FINRA suspended Rockmacher for failing to comply with an arbitration award or settlement agreement or failed to respond to a FINRA request to provide information on the status of compliance.  Two weeks later, FINRA barred Rockmacher completely from the securities industry.

FINRA’s BrokerCheck tool is a valuable way to examine a broker’s background.  The investor tool discloses FINRA arbitrations that have been settled, are pending or have been denied; bankruptcies, civil judgments and tax liens; employment separations and other discharges; criminal proceedings; and regulatory actions.  According to an InvestmentNews report, only about 12 percent of financial advisors have any type of disclosure events on their records.

Rockmacher has 12 disclosures on his FINRA BrokerCheck report.  That is a high amount of disclosures by any measure but especially high in light of the InvestmentNews report.

Rockmacher’s FINRA BrokerCheck disclosures began in 2003.  Between 2003 and 2015, three FINRA arbitrations alleging misrepresentations, unsuitable recommendations, and “fraudulent behavior” were settled.  In March 2016, FINRA opened an investigation into Rockmacher’s activities.  Almost two months later, Investacorp discharged Rockmacher for failing to disclose an outstanding legal matter to the firm.

Rockmacher was in the securities industry for 21 years prior to being barred by FINRA.  In that time, he was employed by 12 different firms mostly in the Connecticut and Massachusetts areas.  His most recent employment prior to Investacorp was at Chase Investment Services Corp. (CRD# 25574) from November 2007 to April 2012 at its Westport, Connecticut branch.

If you have invested with Warren M. Rockmacher and Investacorp, Inc. or Chase Investment Services Corp. and have lost money doing so, you may be able to recover some or all of your losses.  Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.