Last Updated: April 2024 (Indian Harbour Beach, FL)
Mark Tevebaugh Investigation Summary
Here’s what you need to know about Indian Harbour Beach, FL, stockbroker Mark Tevebaugh:
- Name: Mr Mark Lee Tevebaugh
- Current Employer: One Ascent Wealth Management (RIA) , Previously Registered Broker
- DBA: Tevebaugh & Associates
- Previous Firms: NEXT Financial Group, Cetera Advisor Network, Blue Vase Securities
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Mark Tevebaugh
- Primary Location: Indian Harbour Beach, FL
- CRD 1567001
- Can Mark Tevebaugh be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award:$110,000
- Pending Customer Dispute Seeks Damages of $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 Tevebaugh As Your Stockbroker?
In 9/2023 a customer of Cetera Advisor Network filed a FINRA arbitration alleging that Mark Tevebaugh recommended investments, including a fixed annuity, that were unsuitable. Damages of $500,000 are sought in this currently pending matter.
Tevebaugh discloses 4 other customer disputes, including:
- In 2019 a customer of NEXT Financial companied that Tevebaugh invested $110,000 of their account into unsuitable and high risk real estate investment trusts (REITs) and Business Development Companies (BDCs). To resolve the matter the company repurchased the investments
[LEARN MORE]:
See this for more information on REITs and Other Alternative Investments
See this for our prior investigations of cases involving Annuities
Allegations of Broker Misconduct Against Mark Tevebaugh
Customers of Mark Tevebaugh have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Recommendations to invest in high risk products
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability -Regulation Best Interest
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
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.
If you have suffered investment losses in an account handled by Mark Tevebaugh, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
[LEARN MORE]: Investigations of other Next Financial Group brokers
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.
