Mark Allen Frommer of Chicago, Illinois, a stockbroker formerly registered with Morgan Stanley, is referenced in a customer initiated investment related written complaint on December 3, 2021, in which the customer sought $700,000.00 in damages supported by allegations of unauthorized trading by Frommer when he was registered with Morgan Stanley.
Frommer has been identified in five more customer initiated investment related disputes regarding accusations of his conduct when employed by securities broker dealers, including Morgan Stanley. FINRA Public Disclosure shows that a customer initiated investment related FINRA securities arbitration claim concerning Frommer’s conduct was settled for $18,000.00 in damages based upon allegations of unsuitable mutual fund trades by Frommer while he was employed by Morgan Stanley. The claim alleges that the stockbroker fraudulently misrepresented the risks of investing.
A different customer filed an investment related complaint regarding Frommer’s activities where the customer requested compensatory damages founded on accusations of failure to follow instructions relating to direct investments and over-the-counter equities during the time that Frommer was associated with Lehman Brothers.
On September 18, 2019, an additional customer filed an investment related complaint involving Frommer’s conduct in which the customer sought compensatory damages supported by allegations of an unauthorized arrangement that related to borrowing against the customer’s securities as well as purchasing stocks and hedge funds when Frommer was registered with Morgan Stanley.
Frommer is also identified in a customer initiated investment related written complaint on July 7, 2020, where the customer requested compensatory damages based upon accusations of misrepresentation by Frommer concerning GS Petershill IV. According to the complaint, the customer received the wrong information relating to capital call requirements and the length of the investment.
On April 1, 2021, another customer filed an investment related FINRA securities arbitration claim concerning Frommer’s conduct in which the customer sought compensatory damages founded on allegations that between 2013 and 2016, Frommer engaged in unsuitable trading relating to unit investment trusts and direct participation programs, including DPPs and LPs.
On August 30, 2019, Frommer’s stockbroker and investment adviser representative registrations at Morgan Stanley were terminated. Since September 19, 2019, Frommer has been a stockbroker and investment adviser representative of Oppenheimer Co. Inc.
