Keith Flynn Tomer, of Doylestown, Pennsylvania, a stockbroker registered with Securian Financial Services, was the subject of a customer initiated investment related complaint that was settled on May 4, 2020, for $15,060.44 in damages based upon allegations that Tomer made unnecessary delays in liquidating an estate account which resulted in decreased value in the account at the time of liquidation in March of 2020.
Tomer was previously suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tomer falsely attested to having confirmed a customer’s intention to transfer funds. Letter of Acceptance, Waiver, and Consent No. 2015047705904 (October 13, 2015).
According to the AWC, In October 2015, Tomer, then associated with Securian Financial Services, faced a situation where a customer’s email account was compromised by an imposter. The imposter requested a transfer of $50,000.00 from the customer’s Securian account to an outside bank, following a previous fraudulent transaction of $37,000.00. Tomer, inadvertently facilitating this fraudulent request, signed off on the transaction without verifying the customer’s intent through a direct phone call, a standard protocol he neglected to follow. Subsequent fraudulent attempts led to the transfer of an additional $60,000.00. Therefore, Tomer violated FINRA Rule 2010.
Tomer has been associated with Commonwealth Financial Network in Doylestown, Pennsylvania since May 8, 2023