Erez Law is currently investigating former National Securities Corporation broker Mark Cline (CRD# 3206962) regarding the suitability of private placement investment recommendations. He was registered with National Securities Corporation in Wildwood, Florida from 2014 to January 2022.
Mark Cline Customer Complaints
He has been the subject of 12 customer complaints between 2019 and 2022, according to his CRD report:
July 2022. “Claimants allege investment in GWG was not suitable and the representatives failed to properly disclose the risk.” The customer is seeking $55,000 in damages.
May 2022. “Alleging suitability problems with an options investment strategy.” The customer is seeking $500,000 in damages.
May 2022. “Alleging unsuitable investment in GWG Holdings L Bonds.” The customer is seeking $90,000 in damages.
June 2021. “Suitability.” The customer is seeking $100,000 in damages.
December 2019. “Suitability.” The customer is seeking $50,000 in damages and the case was settled for $20,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $400,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $450,000 in damages and the case was settled for $20,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $175,000 in damages and the case was settled for $20,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $75,000 in damages and the case was settled for $25,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $100,000 in damages and the case was settled for $30,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $285,000 in damages and the case was settled for $20,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $100,000 in damages and the case was settled for $35,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $162,000 in damages and the case was settled for $50,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $200,000 in damages and the case was settled for $38,500. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $75,000 in damages and the case was settled for $25,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
December 2019. “Suitability.” The customer is seeking $800,000 in damages and the case was settled for $250,000. The complaint was regarding private placements and took place while he was registered with National Securities Corp.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, National Securities Corporation may be liable for investment or other losses suffered by Mark Cline’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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