MARC KORSCH of SARASOTA, FL Barred By FINRA

MARC FREDERICK KORSCH (MARC KORSCH) CRD#: 5525226, a representative previously registered both as a broker and as an investment advisor, according to FINRA’s BrokerCheck, has been in the securities industry for 12 years and has 14 Disclosures on his FINRA CRD report. Seven of the disclosures are “Customer Disputes.” The significance of Korsch’s FINRA Customer Complaints 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, MARC KORSCH’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
5/6/2022 Update: Marc Korsch Now Barred from acting as a broker or otherwise associating with a broker-dealer firm as of March 2022.

In Marc Korsch’s 12 years in the securities industry, he's been registered with 6 firms.  Korsch is currently not registered, but his most recent firms were:
03/01/2021 - 09/03/2021  ARKADIOS CAPITAL - SARASOTA, FL 
02/10/2014 - 02/05/2021  CENTAURUS FINANCIAL, INC. - SARASOTA, FL
There were 4 Customer Disputes listed against MARC KORSCH so far in 2021.
On June 7, 2021, there was a complaint filed against Korsch alleging, “The customer alleges that the Registered Representative recommended unsuitable investments and breached his fiduciary duty. The customer further alleges that initials on the investment documents are not hers. No dates of alleged activity were disclosed in the Statement of Claim.” The settlement amount was, $22,500.00.
There is a pending complaint filed on June 15, 2021, alleging, “The customers allege that the Registered Representative recommended unsuitable investments and breached his fiduciary duty. No dates of alleged activity were disclosed in the Statement of Claim.”  The damage amount requested is $750,000.00.
On August 12, 2021, a Customer Dispute was settled following allegations. “The customers allege that the Registered Representative made misrepresentations, recommended unsuitable, illiquid investments and breached his fiduciary duty. No specific dates are provided within the Statement of Claim.” The settlement amount was $29,500.00.
Another Customer Dispute that is pending was filed against MARC KORSCH on August 12, 2021, alleging, “The customers allege that the Registered Representative made misrepresentations, recommended unsuitable, illiquid investments and breached his fiduciary duty. No specific dates are provided within the Statement of Claim.” The damage amount requested is, $250,000.00.
It has been brought to our attention that MARC KORSCH may have allegedly been selling the MVP Parking REIT to some of his clients.
FINRA Rule 2210 requires that a broker/dealer's communications be fair, balanced and not misleading. According to FINRA, recent reviews by FINRA of communications with the public regarding real estate programs have revealed deficiencies. Some communications may have contained inaccurate or misleading statements regarding the potential benefits of investing in real estate programs or failed to adequately explain that some of the distribution constitutes return of principal.  FINRA states that some communications have not provided sufficient discussions of the risks associated with investing in the products in order to balance the presentation of benefits.
If you’ve experienced financial losses due to the actions or recommendations of MARC KORSCH formerly of ARKADIOS CAPITAL and CENTAURUS FINANCIAL, INC. both of SARASOTA, FLORIDA, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis, no fee if no recovery, and represents our clients nationwide before FINRA.