Thomas Edward Skypeck, of Saco, Maine, a stockbroker formerly registered with Broker International Financial Services, was permanently barred from associating with any broker or adviser or becoming a broker or adviser to the public regarding investments pursuant to a Securities and Exchange Commission (SEC) Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b), containing findings that Skypeck violated the Maine Uniform Securities Act, committed forgery and theft. In the Matter of Thomas E. Skypeck, File No. 3-17203 (Apr. 6, 2016).
According to the Order, between September 1, 2012 and November 30, 2012, he did not provide his firm with information about his outside business dealings with a dealer of precious metals; conduct violative of FINRA Rule 3270 and 02-032 C.M.R. ch. 504, § 86(42). Skypeck reportedly used his spouse’s information to enter into an arrangement with the dealer of precious metals. The Order also stated that Skypeck took control of a customer’s coin collection with no intention of returning the customer’s property.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on May 1, 2017, a customer filed an investment related arbitration claim involving Skypeck’s conduct, in which the customer requested $500,000.00 in damages based upon allegations that Skypeck effected variable annuity sales and precious metals transactions that were not suitable for the customer during the period that Skypeck worked at Woodbury Financial, Cambridge Investment Research, and the O.N. Equity Sales Company.
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