Tamara Totah Complaints: Old City Securities and Mars FX Claim
The White Law Group is investigating complaints involving Tamara Totah, a broker with Old City Securities LLC in New York, over her sales of the Mars FX hedge fund. Here is what is on her record and what your options may be.
Totah (CRD# 6592304) faces a pending FINRA arbitration claim seeking $7.25 million. The investor alleges she recommended an unsuitable investment in Mars FX US LP and misrepresented or left out important facts about it. Mars FX is a private hedge fund that filed for Chapter 11 bankruptcy in March 2026. Investors who lost money may be able to recover through FINRA arbitration.
Tamara Totah Complaints: The $7.25 Million Mars FX Claim
The claim was filed with FINRA Dispute Resolution Services and served on August 17, 2026 (FINRA Case No. 26-01759). The investor alleges unsuitability, misrepresentations and omissions, and violations of federal and state securities laws in 2023 and 2024. The claim also cites the Colorado Securities Act and seeks punitive damages, interest, attorneys’ fees and costs. Totah denies the allegations and says she will vigorously defend against them. The claim is pending, and no findings have been made.
Who Is Tamara Totah?
Totah has been registered with Old City Securities LLC (CRD# 171910) in New York since May 2019. BrokerCheck now lists her as Tamara Totah Picache. Before Old City, she was registered with Niagara International Capital Limited from 2016 to 2017. Her Series 82 license limits her to selling private securities offerings, and she is registered to sell in New York and Colorado.
What Happened to Mars FX?
Mars FX US LP was a Los Angeles-area currency and gold trading fund run that suspended redemptions in January 2025 and filed for Chapter 11 on March 23, 2026. Read more about the Mars FX bankruptcy and lawsuits.
Did You Invest in Mars FX Through Tamara Totah?
If you bought Mars FX through Tamara Totah or Old City Securities, you may have a claim. The White Law Group is a national securities fraud law firm with offices in Chicago and Seattle, and we represent investors in FINRA arbitration claims against brokers and brokerage firms. For a free consultation, call (888) 637-5510 or contact us online.
Frequently Asked Questions
How do I file a claim to recover money I invested in Mars FX through Tamara Totah?
Most investors in this situation go through FINRA arbitration rather than court. Most brokerage account agreements typically include a pre-dispute arbitration clause, and many retail investors don’t know they signed one. Arbitration can still result in a monetary award, and a claim can name both the broker and the brokerage firm.
What does “unsuitable” mean, and why does it matter for a Mars FX investment?
A broker must have a reasonable basis to believe an investment fits your goals, risk tolerance and finances. Under Regulation Best Interest, the recommendation must also be in your best interest. Mars FX was a private, hard-to-sell hedge fund with a $250,000 minimum and little public reporting. Putting too much of an investor’s money into a product like that, or playing down its risks, may support a claim.
Can Old City Securities be held responsible for my losses?
It may be. Brokerage firms must supervise their brokers, and they must investigate private offerings before their brokers sell them. A firm that falls short on either duty may be liable for investor losses.
