Soreide Law Group comes to you with new information in regard to securities broker Mark Lee Elafros (CRD#: 2337393, Chicago, Illinois). Evidently, Elafros worked for securities firms Madison Avenue Securities (2013 to 2016), Ausdal Financial Partners (2016 to 2018), American Trust Investment Services Advisory (2018 to 2019), Brookstone Capital Management (2020 to 2021), and Charles Schwab (2021 to present). FINRA BrokerCheck shows that two investors complained about Elafros’ sales practices at Ausdal and Madison. Here’s a summary of those disclosures.
Evidently, a client brought a FINRA Arbitration Claim in May 2021 regarding investments in unit investment trusts and private placements. Supposedly, Mark Elafros’ sales were unsuitable. Basically, suitability concerns an investor’s risk tolerance, investment objectives, financial needs, and more. For this reason, the client asked for compensation to resolve this ongoing matter.
Notably, in June 2017, a client of Madison Avenue Securities disputed Mark Elafros’ actions as a financial advisor. It appears that Elafros caused the client to incur losses from unsuitable recommendations. The investor reportedly purchased a fixed annuity, real estate security, and business development company (BDC). Supposedly, Madison Avenue Securities acted in breach of fiduciary duty based on Elafros’ conduct. Not only that, but the investor alleges misrepresentation relating to those investment transactions. As a result, Madison Avenue Securities opted to resolve this matter through a $40,000 payment to the client in September 2018.
Did Mark Elafros cause you to suffer losses through sales practice violations? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped many United States investors get compensation after incurring losses caused by their financial advisors and securities brokers. Please note that Elafros denies all allegations of his sales practice violations.
Soreide Law Group comes to you with new information in regard to securities broker Mark Lee Elafros (CRD#: 2337393, Chicago, Illinois). Evidently, Elafros worked for securities firms Madison Avenue Securities (2013 to 2016), Ausdal Financial Partners (2016 to 2018), American Trust Investment Services Advisory (2018 to 2019), Brookstone Capital Management (2020 to 2021), and Charles Schwab (2021 to present). FINRA BrokerCheck shows that two investors complained about Elafros’ sales practices at Ausdal and Madison. Here’s a summary of those disclosures.
Evidently, a client brought a FINRA Arbitration Claim in May 2021 regarding investments in unit investment trusts and private placements. Supposedly, Mark Elafros’ sales were unsuitable. Basically, suitability concerns an investor’s risk tolerance, investment objectives, financial needs, and more. For this reason, the client asked for compensation to resolve this ongoing matter.
Notably, in June 2017, a client of Madison Avenue Securities disputed Mark Elafros’ actions as a financial advisor. It appears that Elafros caused the client to incur losses from unsuitable recommendations concerning a fixed annuity, real estate security, and business development company (BDC). Supposedly, Madison Avenue Securities acted in breach of fiduciary duty based on Elafros’ conduct. Not only that, but the investor alleges misrepresentation relating to those investment transactions. As a result, Madison Avenue Securities opted to resolve this matter through a $40,000 payment to the client in September 2018.
Did Mark Elafros cause you to suffer losses through sales practice violations? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped many United States investors get compensation after incurring losses caused by their financial advisors and securities brokers. Please note that Elafros denies all allegations of his sales practice violations.
LINCOLN LUCAS MASON (LINCOLN L MASON) formerly of Edward Jones of Arnolds Park, Iowa, from 03/29/2019 - 12/23/2021, was suspended for 90 days and fined $5,000.00 by FINRA. Mason was previously registered both as an investment advisor and as a broker. According to the FINRA report, without admitting or denying FINRA’s findings, LINCOLN L MASON […]
Investors have reportedly disputed the sales practices of securities broker John Howard Saunders [CRD: 870131, Vero Beach, Florida], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Saunders has been registered with UBS Financial Services Inc. since May 11, 2007, operating from both Vero Beach, Florida, and Roanoke, Virginia. Read on to discover […]
Investors potentially experienced sales practice violations due to securities broker Edward Muster [CRD: 1012341, Boca Raton, Florida], based on public information on FINRA BrokerCheck. Evidently, Edward Muster worked for Herbert J. Sims Co. Inc. from May 14, 1998, to July 7, 2020. Keep reading to find out more about Edward Muster’s disclosures. Herbert J. Sims […]
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