Last Updated: February 2025 (Overland Park, KS)
Mark Roberts Investigation Summary
Here’s what you need to know about Overland Park, KS, stockbroker Mark Ronald Roberts:
- Name: Mark Ronald Roberts
- Current Employer: CreativeOne Securities, LLC
- DBA: Affinity Asset Management, Affinity Veterans, Affinity Tax
- CRD Number: 2734867
- Function: Stockbroker / Financial Advisor
- Primary Location: Overland Park, KS
- Aliases: Mark Roberts
- Can Mark Roberts be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Discharged by a Prior Employer: Yes
- Highest Settlement or Award: $4,733
- Pending Customer Dispute Seeks Damages of: $650,000
If you’ve sustained damages from Mr. Roberts, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark Roberts As Your Stockbroker?
Mr. Roberts has previously been involved in multiple disputes, including:
- A settled dispute involving delayed liquidation of a customer’s brokerage account. The case was resolved for $4,733 in 2008. The customer alleged that Mr. Roberts delayed liquidating the account, resulting in a loss in value.
- A pending arbitration filed in 2024 (Case #24-01906) seeks $650,000 in damages. The claimant alleges that Mr. Roberts recommended an inappropriate investment strategy involving Indexed Universal Life Insurance (IUL) products, which resulted in substantial losses.
Allegations of Broker Misconduct Against Mark Roberts
Customers of Mark Roberts have alleged the following misconduct in connection with the handling of their accounts:
- Inappropriate Investment Recommendations:
The pending arbitration alleges that Mr. Roberts recommended an unsuitable Indexed Universal Life (IUL) insurance product, violating FINRA Rule 2111 on suitability. - Failure to Act in the Client’s Best Interests:
Past disputes and allegations highlight failures to prioritize client objectives, such as the delayed liquidation case in 2008, which caused financial harm to the customer. - Employment Termination Following Allegations:
Mr. Roberts was discharged by Thrivent Investment Management in 2008. Allegations included affixing client signatures without authorization, false representation of completed account paperwork, and discretionary trading. These actions allegedly violated firm policies and FINRA’s principles of commercial honor (FINRA Rule 2010).
FINRA Rule 2010-states that a member: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA mandates that brokers report disputes, regulatory actions, and employment terminations. Disclosures like these are serious indicators of misconduct and mismanagement.
Current Investigation for Resident of Midwest Who Was Sold an Athene USA Annuity
We are currently investigating Roberts on behalf of a senior citizen residing in the midwest who alleges that Roberts recommended selling an existing annuity, which triggering substantial penalties in order to fund the purchase an annuity sponsored by Athene USA. Roberts convinced this customer that the new annuity would outperform the existing annuity thereby justifying the significant monetary penalties incurred. This has proven to be inaccurate. Selling one annuity to fund the purchase of a new annuity (known as “annuity switching: ) seldom is sound financial advice and often times is recommended in order to generate commissions.
Better Business Bureau Reviews of Athene USA Are Very Unfavorable
Follow this link for 73 Customer Reviews of Athene USA on the Better Business Bureau website. The average of 73 customer reviews, many of which involve annuities, is just 1.07 out of 5 stars.
See this for our prior investigations of cases involving Annuities
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Mark Ronald Roberts, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.