Last Updated: November 2023 (Fort Lauderdale, FL)
Mark Hermes Investigation Summary
Here’s what you need to know about Fort Lauderdale, FL, stockbroker Mark Hermes:
- Name: Mr. Mark A. Hermes
- Current Employer: PHX Financial Inc.
- Previous Firms: Joseph Gunnar & Co., Westpark Capital Inc. , Newport Coast Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Mark Hermes
- Primary Location: Fort Lauderdale, Florida
- CRD 4200965
- Can Mark Hermes be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discloses Currently Outstanding IRS Tax Liens: Yes
- Customer Made a Claim for Damages and Company Denied It: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark Hermes As Your Stockbroker?
In 3/2023 a customer of Joseph Gunnar & Co. alleged that they opened an account with $50,000 and requested conservative investments. Three years later the entire $50,000 was lost. The customer alleges that Mark Hermes employed a strategy excessively trading speculative short term investments in order to generate excessive commissions for the firm and Hermes. The firm ‘denied’ the claim and it appears that the customer has not pursued the matter further. See below for our advice if a firm has “denied” your claim.
Mark Hermes discloses two outstanding IRS tax liens totaling about $50,000, filed in federal court in Plantation, Florida.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
Firms seldom, if ever, offer any resolution when a customer deals directly with them, or if they do, will attempt to have you settle your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Allegations of Broker Misconduct Against Mark Hermes
Customers of Mark Hermes have alleged the following wrongdoing in connection with the handling of customer accounts:
- Excessively trading account (churning)
- Short Term trading
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 Hermes , 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.
