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Marc F. Korsch-Former Centaurus Financial Broker-Customers Seek Millions in Damages-Sarasota, FL

Marc F. Korsch-Former Centaurus Financial Broker-Customers Seek Millions in Damages-Sarasota, FL 150 150 Rex Securities Law

Marc Korsch Investigation

November 2021-Sarasota, FL

The FINRA records of  Marc F. Korsch ,   a  former stockbroker who was once employed by  Centaurus Financial  disclose 6 pending customer disputes, 6 prior customer disputes and 5 currently outstanding judgement/liens.

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.

In FINRA arbitration 17-0474, a customer of Mr. Korsch’s former employer, Trustmont Financial Group, alleged damages of $500,000 for the recommendation of transactions that were detrimental to the customer.  A FINRA arbitration panel awarded the customer $843,002 in damages, $100,000 in punitive damages, and attorney fees of $82,500.

Four other FINRA arbitrations were settled for a total of about $125,000. All of those claims involved real estate securities which the customers alleged were unsuitable and illiquid.

The currently pending claims include:

  • FINRA Case 21-2322- a customer of Centaurus Financial and Trustmont Financial seeks damages of $700,000 and alleges that Korsch recommended high commissions, unsuitable and risky real estate investments.
  • FINRA Case 21-2240-a customer of Centaurus Financial seeks damages of $400,000 and alleges that Korsch recommended high commissions, unsuitable and risky real estate investments.
  • FINRA Case 21-2295-a customer of Centaurus Financial seeks damages of $150,000 and alleges that Korsch over concentrated their account with high commission, unsuitable and risky real estate investments.
  • FINRA Case 21-1475-a customer of Centaurus Financial seeks damages of $750,000 and alleges that Korsch recommended  unsuitable  investments and breached his fiduciary duty.
  • FINRA Case 20-3603-a customer of Centaurus Financial seeks damages of $100,000 and alleges that Korsch recommended unsuitable and high risk real estate investments.

Marc Korsch  was employed by Arkadios Capital from 3/3021-9/2021. He was with Centaurus Financial from 2/2014-2/2021.  Prior to that he was employed by Trustmont Finanical Group from 3/2011-3/2014.

Korsch discloses 5 IRS tax liens totaling more than $1 million filed with Sarasota Clerk of the Court.

If you have losses in an account  handled by Marc F. Korsch , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

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, at no cost to you.

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

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