Former NEXT Financial Group, Inc. broker Mark Tevebaugh (CRD# 1567001) faces customer complaints related to unsuitable investment recommendations. He was registered with NEXT Financial Group, Inc. in Indian Harbour Beach, Florida, from 2014 to 2020. Previously, he was registered with Cetera Advisor Networks LLC in Indian Harbour Beach, Florida, from 2005 to 2014.
Mark Tevebaugh Customer Complaints
He has been the subject of five customer complaints between 2002 and 2023, two of which was denied, according to his CRD report. The most recent complaints were regarding:
September 2023. “Claimant alleges their financial adviser recommended investments that were unsuitable.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding variable annuities, and it took place while he was registered with Cetera Advisor Networks LLC.
February 2018. “Customer alleges on or about September 2014 through October 2016, registered representative invested client’s funds in approximately $110,000 in an unsuitable and high risk REITs and BDC’s.” The customer is seeking $110,000 in damages, and the case is currently pending. The complaint was regarding real estate securities and business development companies, and it took place while he was registered with NEXT Financial Group, Inc.
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, NEXT Financial Group, Inc. may be liable for investment or other losses suffered by Mark Tevebaugh’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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