Securities Lawyer Blog | Victim of Fraud?

Oct/11

19

Mark Alan Weber of Palm City, FL, Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

Mark Alan Weber (CRD #2322177, Registered Representative, Palm City, Florida)
 
submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days.
 
Without admitting or denying the findings, Weber consented to the described sanctions and to the entry of findings that he exercised discretion in customers’ accounts. The findings stated that although each of the customers had given Weber verbal authorization to use discretion in their accounts, Weber did not obtain the customers’ prior written authorization or his member firm’s written acceptance of the accounts as discretionary.
 
The findings also stated that the firm did not permit discretion to be utilized in retail
brokerage accounts. The suspension was in effect from September 6, 2011, through September 19, 2011. (FINRA Case #2008015184801)
 
This article was obtained on FINRA’s website under ‘Disciplinary Actions’ Oct. 2011.

Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have sustained a stock/securities loss through Mark Alan Weber, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com

Soreide Law Group, PLLC., representing investors nationwide before FINRA  the Financial Industry Regulatory Authority.

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