Last Updated: July 2025 – Austin, TX
Here’s what you need to know about Austin, TX, former stockbroker Marvin Alan Bergstrom:
- Name:Marvin Alan Bergstrom
- CRD Number:19385
- Current Status:Not currently registered with any FINRA member firm
- Most Recent Employer: Crescent Securities Group, Inc. (2003–2023)
- Prior Employers:Choice Investments, Inc.; Rhodes Securities, Inc.; Principal Financial Securities; Edward D. Jones & Co.; Prudential Securities; A.G. Edwards & Sons, Inc.
- Function:Stockbroker / Financial Advisor
- Primary Location:Austin, TX
- Can Marvin Bergstrom be sued in FINRA arbitration?Yes
- Sanctioned by FINRA or other Securities Regulators?Yes
- Terminated by Employer after Allegations?Yes – Twice
- Highest Settlement or Award:$43,000
- Pending Customer Dispute Seeks Damages of:Up to $500,000
If you’ve sustained damages from Mr. Bergstrom, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Marvin A. Bergstrom As Your Stockbroker?
Marvin A. Bergstrom is the subject of multiple customer disputes and regulatory actions over the course of his lengthy career. Most recently, a pending FINRA arbitration case (Case No. 24-02570) was filed on December 4, 2024, by a customer of Crescent Securities Group, Inc., alleging:
- Unsuitable investment recommendations
- Excessive transactions
- Concentration of investments
- Misrepresentations and omissions
- Breach of fiduciary duty
- Lack of supervision
The claim involves various product types including asset-backed debt, government debt, OTC equities, and listed options. The customer seeks damages estimated between $100,000 and $500,000.
Two customer disputes earlier in his career resulted in settlements of $43,000 and $27,000.
Regulatory Actions (3 Final)
- Texas State Securities Board (1997):
- Found that Mr. Bergstrom made unsuitable recommendations to a senior investor based on age and experience—violating Section 12A(3) of the Texas Securities Act.
- Sanctions: $500 fine, 14-month supervisory ban, reprimand
- This type of violation would implicate FINRA Rule 2111 (Suitability) and FINRA Rule 2010 (Commercial Honor).
- Colorado Division of Securities (1997):
- Denied Bergstrom’s registration following the Texas enforcement action.
- Chicago Board Options Exchange (1983):
- Found that Bergstrom used discretion in a customer account without written authorization and signed a client’s name to an options agreement without proper approval.
- Sanction: Censure and 3-week suspension
Allegations of Broker Misconduct Against Marvin A. Bergstrom
Customer Disputes (2 Settled, 1 Pending)
- Breach of contract
- Breach of fiduciary duty
- Unauthorized trading
- Excessive transactions
- Concentration of investments
Other Cases Involving Unauthorized Trading
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Crescent Securities Brokers
Investigations of Other Rhodes Securities Brokers
If you have suffered investment losses in an account handled by Marvin A. Bergstrom, 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.