Did You Lose Money Because of Nick Owoyemi?
Filed: March 4, 2024
Nicholas Owoyemi (also known as Nick Owoyemi) has been the subject of one (1) customer complaint and two (2) termination events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Nicholas Adelani Owoyemi.
Who Is Nicholas Adelani Owoyemi of Newbridge Securities Corporation?
- Advisor Name: Nicholas Adelani Owoyemi
- Aliases: Nick Owoyemi
- CRD: 1822177
- Location: New York, New York
- Current Employer: Newbridge Securities Corporation
- Previous R.M. Stark & Co., Inc., Merrimac Corporate Securities, Inc., and Wallstreet*E Financial Services, Inc.
- Number of Known Customer Complaints: 1
- Number of Known Termination Events: 2
- Can Nicholas Owoyemi Be Sued: Yes, in Private Arbitration
- Can Nicholas Owoyemi’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $191,000
- Highest Settlement: $55,000
If you have suffered investment losses by Nicholas Owoyemi, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Nick Owoyemi For Broker Misconduct
As of this publication date, Nicholas Owoyemi has been the subject of 1 customer dispute and 2 termination events. Let’s review them below.
In September 2015, a FINRA arbitration was filed against or in reference to Nicholas Owoyemi by a customer of R.M. Stark & Co., Inc. alleging that Mr. Owoyemi’s improper use of discretion, failure to follow instructions, and purchase of unsuitable securities. Per the customer, he/she lost over $191,000 because of Mr. Owoyemi’s actions. On February 22, 2017, Mr. Owoyemi settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Owoyemi’s employer and/or insurance carrier.
In June 2012, Nicholas Owoyemi resigned from Merrimac Corporate Securities, Inc. after submitting paperwork to this firm that was different from the original documents he provided to an insurance company. The compliance officer’s identification of this discrepancy led to an internal investigation which uncovered some similar instances which were a violation of firm policy and possibly of finra rules 2120 and 2110. The firm fined the representative and offered him the opportunity to attempt to continue on probationary status under heightened supervision.
In November 2009, Merrimac Corporate Securities, Inc. terminated Nicholas Owoyemi for violating firm policy by submitting a pre-signed, incomplete photocopy document and by not obtaining clients initials on new information added to the document as well as incorrectly marking 3 transactions as unsolicited when in fact they were solicited.
How To File A Claim Against Nick Owoyemi of Newbridge Securities Corporation (previously with R.M. Stark & Co., Inc., Merrimac Corporate Securities, Inc., and Wallstreet*E Financial Services, Inc.) To Get Your Money Back
If you have questions about Nicholas Owoyemi, Newbridge Securities Corporation, R.M. Stark & Co., Inc., Merrimac Corporate Securities, Inc., Wallstreet*E Financial Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.
