MARCH 2018– Pompano Beach, FL
We recently filed an arbitration complaint against Vanderbilt Securities, the former employer of former stockbroker Mark Kaplan on behalf of an elderly couple in their mid-80’s who reside in south Florida. The suit includes a claim on behalf of the couple’s disabled adult child and alleges churning, unauthorized trading and unsuitable investments.
The claim, which will be heard by an all public FINRA arbitration panel, seeks damages of between $100,000 and $500,000.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA arbitration is a process for resolving disputes over losses in investment accounts that is generally much more expedient and less costly than court litigation. In most instances, we offer representation on a contingent fee basis.
Recently Mark Kaplan was permanently barred from the securities industry by FINRA for abusing the account of a 93 year old retired clothing salesman who was experiencing a decline in his mental health.
See this for more details on that regulatory matter and Kaplan’s other issues with customers.
Kaplan has several other prior customer complaints that have already been settled on his FINRA record that allege churning or excessive trading of the account.
If you have suffered losses in an account handled by Mark Kaplan, call for a no charge consultation to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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Rex Securities Law
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870