The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of sales practice violations by securities broker Mark Barrand (CRD#: 4586528, Lone Tree, Colorado]. Specifically, 5 clients brought disputes to challenge Barrand’s recommendations or trading. These disputes suggest that Barrand provided bad investment advice and was responsible for client losses. Here is a summary of those disputes:
Cetera Investor Alleges Mark Barrand Failed To Perform Due Diligence on Direct Investments
Evidently, Barrand worked for Cetera Advisors LLC from 2004 to 2016. Apparently, a Cetera Advisors client contested Mark Barrand’s sales practices through bringing a complaint on February 13, 2019. Supposedly, Barrand neglected to undertake adequate due diligence with regard to direct investments he sold. Not only that, but he seemingly overlooked the client’s investment profile when making recommendations. Additionally, the client indicated that Barrand breached a fiduciary duty and negligently advised the client on direct investments. Apparently, on June 18, 2019, Cetera Advisors LLC opted to settle the client’s claim through a payment of $22,500.
FINRA BrokerCheck shows that Mark Barrand joined Ameriprise Financial Services on July 29, 2016. Evidently, a client of Ameriprise Financial Services Inc. contested Barrand’s sales of unit investment trusts and variable annuities. Mainly, the client suggested that Barrand falsified information or somehow misled the client about the investments. However, Ameriprise denied this client’s dispute on January 30, 2018.
Legacy Financial Services Clients Indicate Mark Barrand Negligently Sold Annuity
Clients of Legacy Financial Services questioned Mark Barrand’s sales practices through bringing FINRA Arbitration #: 09-01904. First of all, the clients indicated that Barrand misrepresented critical details about a variable annuity. Secondly, the clients suggested that Barrand failed to comply with his fiduciary responsibilities, placing his interests ahead of theirs. Thirdly, the clients indicated that Barrand or Legacy Financial Services violated securities rules or regulations. For this reason, Legacy Financial Services opted to settle this matter by paying the clients $20,000. Lars Soreide Highest Ethical Standard Award 2018
Experienced losses due to broker Mark Barrand? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.
The Logan Group Securities [CRD: 40259, Roseville, California] was censured and fined $70,000 in a FINRA disciplinary action, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026. FINRA found that the firm, listed in the report as Logan, Kevin Christopher dba The Logan Group Securities, willfully violated Reg BI and Form CRS requirements. The firm consented to the sanctions and to the entry of findings without admitting or denying them, according to the Letter of Acceptance, Waiver and Consent (AWC) issued July 27, 2026.
Brown Associates, Inc. [CRD: 5049, Chattanooga, Tennessee] was censured and fined $30,000 in an AWC issued by FINRA, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026.
RBC Capital Markets, LLC (CRD #31194, New York, New York) was censured and fined $275,000 after an AWC found the firm failed to develop and implement an anti-money laundering compliance program reasonably designed to detect and cause the reporting of suspicious transactions, according to FINRA's September 2026 disciplinary report.
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