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Broker Misconduct Investigation: Tom Rapp (M Holdings Securities)

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Updated on: January 21, 2025

National investment loss lawyers KlaymanToskes is investigating broker Thomas Rapp a/k/a Tom Rapp (CRD #1792438) of M Holdings Securities and Greenberg and Rapp Financial Group.

According to FINRA BrokerCheck, Thomas Rapp a/k/a Tom Rapp of M Holdings Securities and Greenberg and Rapp Financial Group is facing a pending customer complaint seeking $1,234,482.59 in damages for allegedly failing to exercise reasonable care and diligence in the sale of a Fixed Universal Life Insurance policy and failing to disclose the policy’s characteristics, costs, and pricing.

Investors that suffered losses with broker Tom Rapp are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Financial Advisor Tom Rapp Faces $1.2 Million Investor Complaint

Financial advisor Tom Rapp is currently involved in an investor complaint filed in December 2024 regarding his activities as a representative of M Holdings Securities. The customer complaint alleges inadequate care and diligence in the sale of a Fixed Universal Life Insurance policy, including alleged failures to disclose the policy’s characteristics, costs, and pricing. The complaint alleges damages of $1,234,482.59. Rapp reportedly serves as a founding partner at Greenberg and Rapp Financial Group in Morristown, New Jersey. He has been registered as a broker and investment advisor with M Holdings Securities since 2004.

Investment Losses with Broker Tom Rapp?

Investment Losses with Broker Tom Rapp?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. 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:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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.

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 Tom Rapp, or have concerns regarding your investment portfolio at M Holdings Securities, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.