KESTRA INVESTMENT SERVICES & MARK D YADRON

Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against:

KESTRA INVESTMENT SERVICES LLC (Respondent).

The lawsuit states that the Claimant and family have a long history of investing with the KESTRA INVESTMENT SERVICES Financial Advisor, MARK D YADRON, which dates back to his prior firm. The lawsuit alleges that YADRON overconcentrated the Claimant’s investments in annuities. In June of 2025, the lawsuit alleges that the Claimant was sold $300,000 in a Prudential annuity, which according to the lawsuit, the Claimant does not remember agreeing to the investment. Then in late 2025, MARK D YADRON allegedly purchased $200,000 in a Brighthouse annuity for the Claimant. The lawsuit alleges that when confronted, YADRON denied that it was another annuity, and said it was 100% liquid. Fortunately, the Claimant was able to contact the insurance company during the free-look period and canceled the contract. According to the lawsuit, while MARK D YADRON was locking Claimant into illiquid annuities, he allegedly failed to send the Claimant monthly distribution to pay expenses.

The lawsuit alleges that the Respondent, KESTRA INVESTMENT SERVICES and their registered representative, MARK D YADRON's alleged recommendations in this case constitute a breach of fiduciary duty, negligence, and negligent supervision.  The lawsuit alleges the Claimant has suffered damages of approximately $200,000.00. KESTRA INVESTMENT SERVICES has yet to respond to the lawsuit, but it is assumed they will deny the charges. YADRON was not named in the lawsuit.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, MARK DAVID YADRON (MARK LYNN YODER, MARK D YADRON) has been in the securities industry for 30 years and has been listed with 7 firms. YADRON has been listed both as a broker and financial advisor with KESTRA INVESTMENT SERVICES of Prescott, Arizona since August of 2020.  He was previously registered with MERRILL LYNCH, FENNER, PIERCE & SMITH INC of Prescott, Arizona from 2013 – 2020.

MARK D YADRON, according to BrokerCheck, has 8 disclosures on his FINRA CRD report.  Six of the disclosures are “Customer Disputes,” 5 have settled and 1 was denied. The significance of YADRON’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, MARK D YADRON’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. Two of the allegations listed from the settled complaints were, “unsuitable investment recommendations,” and “unauthorized trading.”

To discuss this article or any other securities related issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost at:  888-760-6552.

Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis, no fee if no recovery.