Warren Marc Rockmacher, of Trumbull, Connecticut, a stockbroker formerly registered with Investacorp, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to cooperate in a FINRA investigation by declining to provide FINRA with information requested of him. Case No. 2015044980801 (Aug 29, 2016).
FINRA’s sanction of Rockmacher came after imposing a suspension of his securities registration based upon allegations that Rockmacher failed to furnish information to FINRA staff confirming whether he had compiled with the terms of a customer initiated investment related settlement or award concerning allegations of his wrongdoing. Letter No. 07-00345 (May 12, 2016).
FINRA Public Disclosure reveals that Rockmacher has been identified in nine customer initiated investment related disputes containing allegations of his misconduct while employed with Citizens Investment Services Corp., Citicorp Investment Services, Chase Investment Services Corp., Investacorp, Inc., Banc of America Investment Services, and JP Morgan Securities LLC. Specifically, on September 2, 2003, a customer filed an investment related written complaint involving Rockmacher’s conduct, in which the customer requested $9,893.00 in damages based upon allegations that he failed to inform the customer about sales charges on mutual fund transactions effected in the customer’s account.
Subsequently, on June 12, 2004, a customer filed an investment related written complaint regarding Rockmacher’s activities, where the customer requested $7,000.00 in damages based upon allegations that Rockmacher made misrepresentations to the customer about mutual fund products. On August 9, 2007, another customer initiated investment related written complaint involving Rockmacher’s conduct was settled for $17,941.61 in damages based upon allegations that he engaged in fraudulent activities relating to the customer’s certificate of deposit investment, wherein $10,000.00 belonging to the customer had been mishandled by Rockmacher.
Additionally, on October 9, 2013, a customer initiated investment related civil action regarding Rockmacher’s activities was resolved for $16,000.00 in damages based upon allegations that he made misrepresentations to the customer concerning an annuity. On November 30, 2015, another customer initiated investment related written complaint involving Rockmacher’s conduct was settled for $7,844.22 in damages grounded upon allegations that Rockmacher facilitated the customer’s real estate security and variable annuity purchases despite the products not having been suitable for the customer.
Further, on August 12, 2016, a customer filed an investment related written complaint regarding Rockmacher’s activities, where the customer requested $75,000.00 in damages based upon allegations that Rockmacher made unsuitable investment recommendations and misrepresentations to the customer concerning direct investment products effected in the customer’s account. Moreover, Rockmacher was named in a customer initiated investment related civil action on April 18, 2017, founded upon allegations that Rockmacher effected a purchase of Noble Royalty Access Fund 15 in the customer’s account even though the investment was not suitable for the customer.
Rockmacher’s registration with Investacorp, Inc. was terminated on April 28, 2016, based upon allegations that he failed to provide the firm with notification concerning a legal dispute.
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