Were you the victim of investment losses due to recommendations by Western International Securities, Inc. broker Mark Katz (CRD# 3055019)? He has been registered with Western International Securities, Inc. in Pasadena, California, since 2019. He was registered with Hilltop Securities Inc. in San Diego, California, from 2008 to 2019.
Mark Katz Customer Complaints
He has been the subject of four customer complaints between 2016 and 2024, two of which were denied, according to his CRD report:
February 2024. “Client alleged transactions in fixed income securities were not authorized and inappropriate that created losses in his accounts in 2023.” The customer sought $358,162.96 in damages, and the case was settled for $172,373.30. The complaint was regarding municipal debt, which occurred while he was registered with Western International Securities, Inc.
February 2020. “Unsuitable recommendations, poor performance, fiduciary violation, misrepresentation.” The customer sought $50,000 in damages, and the case was settled for $75,000. The complaint took place while he was registered with Hilltop Securities Inc., and it was regarding MLPs and non-traded REITs.
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, Western International Securities, Inc. may be liable for investment or other losses suffered by Mark Katz’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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