Soreide Law Group is actively investigating potential claims on behalf of investors who may have sustained losses through dealings with securities broker Marc Frederick Korsch (CRD: 5525226, Sarasota, Florida). Notably, Korsch was previously affiliated with employers Arkadios Capital from March 1, 2021, to September 3, 2021, and Centaurus Financial, Inc. from February 10, 2014, to February 5, 2021. Evidently, there have been several FINRA Arbitrations filed about Korsch, particularly by Centaurus Financial, Inc. clients. These allegations encompass a range of investment concerns, specifically involving unsuitable, high-risk, and illiquid investment products.
Centaurus Financial, Inc. Investor Accused Marc Korsch Of Recommending Risky, Illiquid Investments
First of all, a Centaurus Financial, Inc. client filed FINRA Arbitration: 22-02856 about Marc Korsch. Specifically, the client alleged that Korsch recommended unsuitable oil and gas investments and real estate securities. Because of this, the client reportedly sustained damages of $160,000. Therefore, on June 2, 2023, Centaurus Financial, Inc. settled this matter by paying the client $22,000 in damages.
Centaurus Financial, Inc. Investor Accused Marc Korsch Of Misrepresenting Unsuitable Investments
Evidently, on October 13, 2022, a Centaurus Financial, Inc. client filed FINRA Arbitration: 22-02199 about Marc Korsch. Particularly, the client alleged that Korsch misrepresented speculative and illiquid corporate bonds, oil & gas investments, and real estate securities. Because of this, the client sought punitive damages. On June 23, 2023, the matter was settled with a compensation amount of $38,500.
Centaurus Financial, Inc. Investor Accused Korsch Of Failing To Follow Instructions
Also, a Centaurus Financial, Inc. client filed a dispute about Marc Korsch. The client particularly alleged that Korsch failed to follow her instructions and recommended an unsuitable, high-risk, and illiquid corporate bond. Because of this, the client supposedly sustained losses. Therefore, on October 27, 2022, Centaurus Financial, Inc. settled this matter by paying the client $12,500 in damages.
Centaurus Financial, Inc. Investor Accused Marc Korsch Of Recommending High-Fee, Illiquid Investments
Evidently, on March 1, 2023, a Centaurus Financial, Inc. client filed FINRA Arbitration: 23-00498 about Marc Korsch. The client notably alleged that Korsch recommended high-fee, risky, and inappropriate alternative investments. The client, therefore, allegedly sustained damages of $50,000 and this arbitration is currently pending resolution.
Korsch Disclosed Breach Of Fiduciary Duty Allegations By Centaurus Financial, Inc. Client
Additionally, a client of Centaurus Financial, Inc. challenged Marc Korsch's sales practices by filing FINRA Arbitration: 23-01699 on June 16, 2023. Supposedly, Korsch misrepresented illiquid and unsuitable investments and failed to uphold his fiduciary duties. Particularly, the client claims to have sustained damages on real estate securities and corporate debt products. Therefore, the client is seeking compensatory relief from either Centaurus Financial, Inc. or Korsch in the ongoing case, with alleged damages totaling $147,000.
Marc Korsch Disclosed Allegations By Trustmont Financial Group, Inc. Client
Specifically, a client of Trustmont Financial Group, Inc. contested Marc Korsch's sales methods by initiating FINRA Arbitration: 17-00474. The client's allegations include failure to supervise, suitability, and misrepresentation, among others. Evidently, the products in question were annuity exchanges and a private real estate investment trust. Notably, FINRA Arbitrators issued an Award dated August 22, 2018, compelling Trustmont Financial Group, Inc. to pay $848,002.31 in compensatory damages and $100,000 in punitive damages.
Suffered Losses Due To Korsch?
Investors who have engaged with Marc Korsch and have questions about their legal options are encouraged to contact Soreide Law Group for a no-cost consultation. Specifically, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Korsch and the brokerage firms he worked for deny accusations of sales practice violations.
