Mark D'Ercole Tied To Portsmouth Financial Services Investor Dispute About Misrepresentation

Investors have reportedly disputed the sales practices of securities broker Mark Andrew D'Ercole (also known as Mark Andrew Dercle and Mark Anthony Dercle) [CRD: 820220, San Francisco, California], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mark D’Ercole worked for Portsmouth Financial Services from February 21, 2003, to December 31, 2022. See the following information to learn more about the disclosures tied to D'Ercole’s BrokerCheck report.

Portsmouth Financial Services Investor Accused D’Ercole Of Inadequate Due Diligence, Failure To Supervise

Notably, a Portsmouth Financial Services client filed FINRA Arbitration No. 24-01438 about Mark D’Ercole. Mainly, the client alleged that D'Ercole made unsuitable recommendations, made misrepresentations, and failed to supervise certain securities brokers. Because of this, the client allegedly incurred damages connected to GWG L Bonds. Therefore, on October 17, 2024, Portsmouth Financial Services settled this matter by paying the client $301,343.17 in damages.

Mark D’Ercole Disclosed Unsuitable Recommendations Allegations By Portsmouth Financial Services Client

Particularly, a client of Portsmouth Financial Services disputed Mark D’Ercole’s sales practices by filing Civil Action No. 30-2018-01000807-CU-FR-CJC on June 21, 2018. Allegedly, D'Ercole made unsuitable recommendations involving a Section 79 plan and a whole life insurance policy. It appears that D'Ercole allegedly caused the client to sustain damages. Consequently, the client seeks compensation from Portsmouth Financial Services or D'Ercole in the amount of $593,000 in this ongoing matter.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor D’Ercole?

Did you suffer any investment-related losses because of Mark D’Ercole? Contact Soreide Law Group at (888) 760-6552 or online and speak to a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the US. Also, our securities attorneys work on a contingency fee basis and advance all costs. D'Ercole and brokerage firms D'Ercole worked for deny accusations of sales practice violations.