Valmark Securities, Inc. Financial Advisor Thomas Olexa Investment Losses
Posted on Friday, February 1st, 2019 at 12:09 pm
Did you suffer from losses due to Valmark Securities, Inc. financial advisor Thomas Olexa (CRD# 1726384)? Olexa has been registered with Valmark Securities, Inc. in Schaumburg, Illinois since 2012.
Olexa has been the subject of four customer complaints between 2002 and 2018, according to his CRD report. The most recent complaint is regarding:
August 2018. “Allegation Activity Dates 11/2015 – 4/26/2017 Client alleges that registered representative did not specifically inform client and her husband (the insured) of a life insurance policy’s suicide exclusion when the registered representative recommended new life insurance coverage to update and consolidate existing coverage on client’s husband. Within the 2-year suicide exclusion period, it was alleged by the insurance carrier that client’s husband committed suicide and accordingly the insurance carrier refused to pay the death benefit of the policy.” The customer is seeking $2,211,041 in damages and the case is currently pending. The case is regarding insurance.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Valmark Securities, Inc. may be liable for investment or other losses suffered by Olexa’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.