Last Updated: November 2023 (Addison, Texas)
Mark Zorn Investigation Summary
Here’s what you need to know about Addison, Texas, stockbroker Mark Zorn:
- Name: Mr. Mark Elliot Zorn
- Current Employer: Cetera Advisor Network
- DBA: FFEC Wealth Partners
- Previous Firms: Kestra Investment Services, SWS Financial Services, Merrill Lynch
- Function: Stock Broker/ Financial Advisor
- Aliases: Mark Zorn
- Primary Location: Addison, Texas
- CRD 2056837
- Can Mark Zorn be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of unspecified amount
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mark Zorn As Your Stockbroker?
In 4/2023 a customer of Kestra Investment Services initiated a dispute alleging that Mark Zorn recommended the purchase of unsuitable investments including limited partnerships and direct investments. No specific damage amount is alleged in this currently pending matter.
In 2010, while employed by NFP Securities (now Kestra), a customer made a claim for damages of $32,000, alleging that Mark Zorn misrepresented the commissions generated in the sale of mutual funds and a variable annuity. The firm denied the claim and the customer apparently did not pursue the matter further.
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.
Allegations of Broker Misconduct Against Mark Zorn
Customers of Mark Zorn have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Misrepresented amount of commissions charged on sale of mutual funds and variable annuity
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 Zorn, 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.
