Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, PETER BRIAN ROBERTSON is currently with OSAIC WEALTH INC of Irvine, California. Robertson registered as a broker with OSAIC WEALTH INC, June 1, 1998, and as an investment advisor on December 19, 1997.
PETER BRIAN ROBERTSON, according to FINRA’s BrokerCheck, has been in the securities industry for 37 years and has been listed with 4 firms. Robertson has 3 disclosures on his FINRA CRD report, all 3 are “Customer Disputes.” One dispute filed in 2011 was denied. The other two disputes were filed in 2024 and are currently pending.
On November 1, 2024, the “Customer Dispute” filed against PETER BRIAN ROBERTSON alleges, “Claimant alleges their RR (registered representative) recommended unsuitable Oil and Gas investments.” The damage amount requested is $2,999,950.00.
There is another pending “Customer Dispute” filed against PETER BRIAN ROBERTSON dated March 13, 2024, with allegations of, “Claimant alleges their RR (registered representative) recommended unsuitable Oil and Gas investments.” The damage amount requested is $100,000.00.
Investing in the oil and gas industry carries significant risks. Investors should fully grasp the risks before making investments in oil and gas. Price volatility is one of the largest risks associated with oil and gas investments. The supply and demand of oil and geopolitical events can cause oil and gas prices to fluctuate, which impacts the stocks of these companies. When brokers/financial advisors consider recommending oil and gas stocks to their clients they should consider the client’s investment goals, risk tolerance and their portfolio diversification.
Your broker/financial advisor may have recommended investing in risky oil and gas stocks, that may not have been suitable for the conservative, retired investor which resulted in serious losses. Oil and gas stocks can be very risky, especially to clients with low to moderate risk tolerance in their portfolios. Your broker has an obligation to explain these risks to you before you invest. This can also be devastating to clients’ irreplaceable retirement funds.
To discuss this article or any other securities related issues contact Soreide Law Group and speak to an experienced securities lawyer at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.
Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
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