Rex Securities Law Investment Fraud Attorney Investigates Marc Korsch formerly with Centaurus Financial

Rex Securities Law Investment Fraud Attorney Investigates Marc Korsch formerly with Centaurus Financial

Rex Securities Law Investment Fraud Attorney Investigates Marc Korsch formerly with Centaurus Financial 150 150 Robert Rex, Esq.

Last Updated: November 2023 (Sarasota, FL)

Marc Korsch Investigation Summary

Here’s what you need to know about Sarasota, Florida, stockbroker Marc Korsch:

  • Name: Mr. Marc Frederick Korsch
  • Current Employer: Barred from acting as a broker by FINRA
  • DBA: NAV Advisors
  • Previous Firms: Arkadios Capital, Centaurus Financial, Trustmont Financial Group
  • Function: Stock Broker/ Financial Advisor
  • Aliases: Marc Korsch
  • Primary Location: Sarasota, Florida
  • CRD 5525226
  • Can Marc Korsch be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: Yes. Permanent Bar from Industry.
  • Highest Settlement or Award: $728,708
  • Eleven Pending Customer Disputes Seek Damages in Excess of $2.3 Million

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With Marc Korsch As Your Stockbroker?

In 3/2022 FINRA suspended Marc Korsch from the securities industry when he failed to cooperate with a FINRA investigation. Pursuant to FINRA Rule 9552(H) and FINRA Notice of Suspension Letters, Korsch was barred from association with any FINRA member in all capacities.

There are currently 11 pending customer disputes involving customers of Marc Korsch. These disputes, brought by customers of Arkadios Capital and Centaurus Financial, allege various causes of action. Nearly all the claims allege that Korsch sold unsuitable, complex, high-risk and illiquid investments. Cumulatively, these customers seek damages in excess of $2.3 million.

Korsch’s CRD discloses 46 customer disputes that have been resolved. These cases were brought by customers of Arkadios Capital, Trustmont Financial Group and Centaurus Financial. The allegations of wrongdoing are similar to the allegations made in the pending cases: high-risk, unsuitable, risky and inappropriate investments. More than $4.7 million has been paid to customers to resolve these prior cases.

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 Marc Korsch

More that fifty customers of Marc Korsch have alleged wrongdoing in connection with the handling of customer accounts, including:

  • Unsuitable Investment Recommendation
  • Recommended high risk investments
  • Recommended illiquid investments
  • Violations of Florida’s Securities and Investor Protection Act 517.011, et al.
  • Breach of Fiduciary Duty
  • Misrepresentation and Omission
  • High fee investments
  • Speculative Investments
  • Concentrated positions
  • High risk oil & gas investments
  • Allegations of forgery

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 Marc Korsch, 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.

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