Clients Dispute Sales Practices Of Hilltop Securities Broker, Financial Advisor Mark Katz

The Financial Industry Regulatory Authority (FINRA) reports that investors filed disputes concerning securities broker Mark Katz (CRD#: 3055019, San Diego, California). Evidently, Katz worked as a financial advisor and a securities broker with Hilltop Securities Inc. in San Diego, California from December 2008 to June 2019. He joined Western International Securities Inc. in July 2019 as a financial advisor and a securities broker. Namely, three clients of Hilltop Securities filed complaints alleging sales practice violations by Katz. Let’s take a closer look at what these investors allege.

Mark Katz’s Hilltop Securities Client Alleges Breach Of Fiduciary Duty, Financial Exploitation

Evidently, a client of Hilltop Securities filed a February 2020 complaint about Mark Katz’s actions at Hilltop Securities. First of all, the client alleges that Katz made unsuitable and unauthorized trades involving several securities. This includes asset-backed bonds, corporate bonds, equities, stocks, mutual funds, and unit investment trusts. Secondly, the financial advisor purportedly misrepresented information relating to these investments. Thirdly, the client alleged breach of fiduciary duty, financial exploitation, and self-dealing. Supposedly, Katz caused the client to experience $357,000 in losses. For this reason, they asked for compensation. However, Hilltop Securities denied this dispute on March 6, 2020.

Hilltop Client Alleges Katz Misrepresented Information Relating To Non-Traded REITs, MLPs

Also, a Hilltop Securities client disputed Mark Katz’s sales practices by bringing a February 2020 FINRA Arbitration Claim. In particular, the client contends that Katz provided unsuitable advice. It seems that the client invested in master limited partnerships (known as MLPs) and non-traded real estate investment trusts (non-traded REITs). Supposedly, those investments performed poorly. Moreover, the client contends that the Hilltop Securities broker made a fiduciary violation. Finally, Katz allegedly misrepresented information pertaining to these investments. Because of this, the client asked for $50,000 in compensation. Evidently, this matter awaits a resolution.

Mark Katz In Investor Dispute Alleging Unsuitable Recommendations

Moreover, a client of Hilltop Securities brought a dispute to the firm’s attention in August 2016. It seems that Mark Katz recommended for the client to invest in Mainstay Cushing Energy Income Fund. Supposedly, this was an unsuitable investment. Not only that, but it appears that Katz allegedly concealed valuable details about the investment. Finally, the complaint alleges that the securities broker took advantage of the client’s diminished capacity. However, Hilltop Securities denied this matter.

Losses Through Katz?

Did you suffer losses because of securities broker Mark Katz? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Katz denies all allegations of his sales practice violations.

Lars Soreide AVVO 2020 Top Lawyer