National investment fraud lawyers KlaymanToskes is investigating broker Thomas Hamlin (CRD# 2208505) of Somerset Securities, Inc., following the filing of two customer complaints alleging $640,000 in collective investor damages due to unsuitable recommendations to invest in iCap Equities private placement, which has since filed for bankruptcy.
Following iCap Equity’s filing for Chapter 11 bankruptcy (No. 2:23-bk-01243) in the Eastern District of Washington, recent allegations by iCap’s third-party restructuring company, Paladin, suggests that iCap may have operated a Ponzi scheme, funneling investor funds to reimburse previous investors while neglecting promised real estate endeavors.
KlaymanToskes believes investment firms and financial advisors may have misrepresented the risk-factors related to investments in iCap, in addition to failing to conduct due diligence on iCap’s investment offerings, leading to unsuitable recommendations. iCap investors may be entitled to a financial recovery through the filing of a FINRA arbitration claim.
According to FINRA BrokerCheck, broker Thomas Hamlin has been registered as a broker/advisor with Somerset Securities, Inc. since 2013 in Portland, OR.
Investors that suffered losses with broker Thomas Hamlin are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigations of broker Thomas Hamlin:
If you suffered losses with broker Thomas Hamlin, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Thomas Hamlin. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Somerset Securities, Inc. are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Thomas Hamlin, or have concerns regarding your investment portfolio at Somerset Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.