May 2018-Plano, TX
According to publicly available records Mark A. Trewitt , (CRD# 1364490) , a stockbroker who formerly worked for VFG Securities discloses 3 pending and 10 final customer disputes.
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.
The three pending cases seek total damages of over $1 million in damages and relate to investments in oil and gas private placements.
The prior cases include:
FINRA Case 17-2010-a customer of VFG Securities sought damages of $150,000 for negligence and breach of fiduciary duty in connection with the recommendation to purchase private non publicly traded real estate investment trusts (REITs). That case settled for $77,952.
In March 2017 a customer of VFG Securities filed FINRA Case 17-0669 seeking damages of $300,000 alleging an over concentration of alternative investments, including limited partnerships, direct investments in equipment leasing, promissory notes and real estate investments. That case settled for $139,645.
In February 2017 a customer of Madison Avenue Securities and VFG Securities filed FINRA arbitration 17-0217 claiming damages of $400,000 and alleging that between 2007-2011 Trewitt sold the customer real estate investment trusts (REITs) and private placements that were misrepresented. The case settled for $48,413.
Trewitt worked for VFG Securities from 11/2010-11/2017 and Niagara International Securities from 4/2017-6/2017. Prior to that he was employed by Madison Avenue Securities in Plano, TX, from 9/2006- 11/2010.
Mark A. Trewitt discloses numerous other business activities with other entities, including:
- Insurance Funding Solutions
- Integrated Financial Solutions
- First Financial Resources
- Stop the Wealth Leakage, LLC
- Exceptional Risk Advisors
- First Life Funding & Succession Capital Alliance
- SDC Energy (Sandview Development Corp.)
- Kosmos Management, LLC
If you have questions about an account handled by Mark A. Trewitt, contact us to discuss your options.
Alternative investments include non publicly traded real estate investment trusts (REITS) , hedge funds, real estate, commodities and derivatives contracts and, managed futures. These investments tend to be complex, illiquid, nontransparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed.
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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