According to FINRA records, Mark C. Quale, a broker who began working for First Financial Equity Corp. in 12/2005 discloses that he was discharged by First Financial Equity in March 2016. He also discloses 4 prior customer disputes that are final.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In connection with his discharge from First Financial Equity in 3/2016, the company made the following allegations:
“Falsifying Client Signatures. Please see internal review disclosure for more detailed information”
In NASD Case 3-8708, a customer while Quale was employed by Merrill Lynch file an arbitration alleging unsuitable investments and failure to diversify. That case was settled for $550,000.
If you have losses in an account handled by Mark C. Quale you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900