Last Updated: November 2023 (New York, NY)
Mark Elenowitz Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Mark Elenowitz :
- Name: Mr. Mark Harris Elenowitz
- Current Employer: Digital Offering LLC, Cambria Capital LLC
- Previous Firms: TriPoint Global Equities, Josephthal Lyon 7 Ross, Tamaron Investments
- Function: Stock Broker/ Financial Advisor
- Aliases: Mark Elenowitz
- Primary Location: New York, NY
- CRD 2057802
- Can Mark Elenowitz be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $400,000
- Discloses Personal Bankruptcy: Yes
- Pending Customer Dispute Seeks Damages of $1,500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark Elenowitz As Your Stockbroker?
In 2020 FINRA sanctioned (30 day suspension/$10,000 fine) Mark Elenowitz to resolve allegations that he recommended and sold private placement interests to customers without having a reasonable basis to believe that his recommendations were suitable. According to FINRA Elenowitz failed to conduct reasonable due diligence on the offerings, the issuers and the principals who formed and managed the issuers. The customers ultimately lost millions of dollars from investing in these offerings when it was later discovered that the principals were operating a Ponzi Scheme.
In 2018 a customer of TriPoint Global Equities was paid $400,000 to resolve allegations that Mark Elenowitz failed to perform adequate due diligence on a private placement recommended to the customer.
Another case is currently pending by a customer of TriPoint Global Equites alleging that Mark Elenowitz failed to complete due diligence on a private placement and for failure to disclose commissions. Damages of $1.5 million are sought in this currently pending matter.
Allegations of Broker Misconduct Against Mark Elenowitz
Customers of Mark Elenowitz have alleged the following wrongdoing in connection with the handling of customer accounts:
- Failure to perform adequate due diligence
- Failure to disclose commissions
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Mark Elenowitz, 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.