October 2020- Shenandoah, TX
According to publicly available records, Mark Sitter (CRD#1810591), a stockbroker formerly employed by Capital Financial Services, discloses a pending customer dispute and 3 prior 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.
In March of 2019 FINRA case #19-00655 was filed by a Capital Financial Services, Inc., customer alleging misrepresentation, breach of fiduciary duty and failure to supervise and is seeking damages of $500,000. This case is still pending.
In 11/2017 a customer of Capital Financial Services filed an arbitration seeking $100,000 and alleging that Sitter misrepresented the nature of an investment that was unsuitable. The case was settled for $72,000.
Sitter has been employed by KCD Financial, Inc. since August of 2019. Before that time he was with Capital Financial Services, Inc and Merrill Lynch, Pierce, Fenner & Smith.
If you had an account with Mark Sitter that suffered losses, you may be entitled to collect damages from his prior employer. Call 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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