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.
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