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Colin Pomer Allegedly Sold Stock Without Client Authorization

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
June 30, 2023 at 10:36pm

Colin Pomer (CRD #: 7300378), a broker registered with MML Investors Services, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on June 22, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On April 17, 2023, an investor alleged that Colin Pomer executed unauthorized stock sales in or around May 2022, resulting in a tax liability. The client made further allegations relating to excessive financial planning fees and a life insurance policy Colin Pomer sold to him.

This dispute is currently pending.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. The firm must also approve the designation of an account as discretionary before this trading can occur.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Colin Pomer has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination

Colin Pomer is a registered broker in 14 states and a registered investment adviser in Texas and Vermont.

Kurta Law Can Help

If you worked with Colin Pomer and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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