Omar K. Henry of New York New York a stockbroker formerly registered with Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to comply with FINRA during a time that he was probed or examined for possible violations of FINRA Rules. Case No. 2018058516001 (Dec. 31, 2018).
According to FINRA Public Disclosure, Henry had been issued a Notice of Suspension letter from FINRA on September 27, 2018 and a Suspension from Association letter on October 22, 2018. The stockbroker was provided three months to tend to FINRA’s requests or otherwise seek termination of his suspension. Henry’s failure to address this issue by December 30, 2018 caused him to be automatically barred from the securities industry.
FINRA Public Disclosure reveals that Henry is the subject of a customer initiated investment related complaint on April 9, 2018 in which the customer sought $451,844.09 in damages founded on accusations that during the time that Henry was associated with Cetera Advisors, the customer had been sold limited partnership interests or direct participation program interests which were wholly unsuitable and inappropriate given the customer’s risk tolerance, investment objectives, financial needs or other circumstances.
Henry was also terminated from prior securities broker dealer employer, J.P. Morgan Securities LLC, based upon allegations that he forged a customer’s signature on documentation to effect the change of the customer’s investments.
