Erez Law is currently investigating 31-year industry veteran Somerset Securities, Inc. broker Thomas Hamlin (CRD# 2208505) regarding iCap Equity, LLC investment losses, a high-risk Regulation D private placement was unsuitable for many investors. He has been registered with Somerset Securities, Inc. in Portland, Oregon, since 2013, and with Somerset Wealth Management, LLC in Portland, Oregon, since 2014. Previously, he was registered with Raymond James Financial Services Advisors, Inc. in Portland, Oregon, from 1997 to 2012, when he was terminated regarding, “failure to disclose outside business activity.”
Thomas Hamlin Customer Complaints
He has been the subject of four customer complaints in 2023, according to his CRD report:
December 2023. “Alleged unsuitable recommendations to purchase iCap Equity private placement. iCap Equities filed for bankruptcy on 9/12/2023.” The customer is seeking $504,476 in damages, and the case is currently pending. The complaint took place while he was registered with Somerset Securities, Inc.
November 2023. “Alleged unsuitable recommendation to purchase iCap Equity private placement. iCap Equity filed for bankruptcy on 9/12/2023.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint took place while he was registered with Somerset Securities, Inc.
October 2023. “Alleged unsuitable recommendation to purchase iCap Equities private placement. iCap Equities filed for bankruptcy on 9/12/2023.” The customer is seeking $285,000 in damages, and the case is currently pending. The complaint took place while he was registered with Somerset Securities, Inc.
September 2023. “Alleged unsuitable recommendation to purchase iCap Equities private placement. iCap Equities filed for bankruptcy on 9/12/2023.” The customer is seeking $355,000 in damages, and the case is currently pending. The complaint took place while he was registered with Somerset Securities, Inc.
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, Somerset Securities, Inc. may be liable for investment or other losses suffered by Thomas Hamlin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.
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