Mark John Nuovo- Former Euro Pacific Capital Broker–Barred By FINRA-Ponzi Scheme

Mark John Nuovo- Former Euro Pacific Capital Broker–Barred By FINRA-Ponzi Scheme https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g December 4, 2013 March 11, 2016

In November 2013, FINRA announced that Mark John Nuovo (CRD# 2010267) was barred from association with any FINRA member in any capacity, based on findings that he introduced customers to a promoter who sold securities offered by a company that purportedly sold and serviced medical insurance through membership organizations or other large groups.

The Securities and Exchange Commission has filed a complaint in the US District Court for the Northern District of Texas charging two company executives with fraud for operating a Ponzi scheme. Individuals Nuovo introduced to the promoter invested a total of $2.55 million in securities offered by the fraudulent company. Nuovo was paid about $107,500 for referring investors but did not disclose his compensation to investors. Nuovo misled potential investors by suggesting that he had personally invested between $300,000 and $1,000,0000 and that the success of the company would permit him to retire.

Nuovo failed to inform his activities to his firm and concealed the activity by using his personal email address and cell phone number and by falsely stating to his firm that he was not involved in any private securities transactions.

According to FINRA records, Nuovo was registered with the following firms:

Euro Pacific Capital 7/2008-1/2012
Uvest Financial Services 11/2007-4/2008

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Mark John Nuovo- Former Euro Pacific Capital Broker–Barred By FINRA-Ponzi Scheme