Last Updated: October 2023 (Albuquerque, New Mexico)
Mark Richards Investigation Summary
Here’s what you need to know about Albuquerque, NM , stockbroker Mark Richards:
- Name: Mr. Mark Wilkinson Richards
- Current Employer: Madison Avenue Securities dba MW Richards Financial, Seniors Financial of New Mexico
- Previous Firms: Linsco Private Ledger (now LPL Financial)
- Function: Stock Broker/ Financial Advisor
- Aliases: Mark Wilkinson Dickey
- Primary Location: Albuquerque, NM
- CRD 2730478
- Can Mark Richards be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discloses Outstanding Lien/Judgement: Yes
- Highest Settlement : $220,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark RIchards As Your Stockbroker?
In 2020 a customer of Madison Avenue Securities was paid $220,000 to resolve allegations that Mark Richards recommended the purchase of two alternative investments without disclosing the risks and the illiquid nature of the investments.
Mark Richards discloses an outstanding lien in the amount of $259,200 in favor of Catherine Richards, dated 2/10/2023, filed in Second Judicial District Court, County of Bernalillo, New Mexico.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Mark RIchards
A customer of Mark Richards has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to purchase alternative investments
- Failure to disclose illiquid nature of alternative investments
- Failure to disclose risks associated with alternative investments
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 Richards, contact us for a complimentary consultation with an experience 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.
