Peiffer Wolf is currently investigating claims against Mark Cline of Cline Financial Group and National Securities Corporation for recommending unsuitable investments.
Brokers like Mark Cline are responsible for ensuring that the products they recommend are suitable for investors.
According to FINRA’s BrokerCheck website for Public Disclosures, Mark Cline is the subject of 13 disclosures, 12 of which are pending customer disputes. All 12 customer disputes were filed in December 2019 and involve Mark Cline allegedly placing clients in unsuitable investments. According to FINRA’s BrokerCheck website, clients are seeking over $2.8 million in damages from Mark Cline.
To review Mark Cline’s Brokercheck report, click here:
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Prior to National Securities Corporation, Mark Cline had been a registered broker with Great Nation Investment Corporation, United Equity Securities, LLC, C C F Investments, Inc., and The Leaders Group, Inc. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating Mark Cline’s practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140
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