December 2016-Pompano Beach, FL
According to publicly available records Mark R. Holcombe , (CRD# 2901441) , a stockbroker who is currently under suspension who was last employed by Source Capital Group, disclose a recent regulatory sanction.
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.
Without admitting or denying the findings, Holcombe consented to sanctions and the entry of findings that he participated in two private securities transactions without providing written notice to his member firm. The findings state that Holcombe sold two million shares of stock in Trident Brands (TDNT) ,a company for which he served as chairman of the board to a third party for $100,000. In addition he participated in TDNT’s sale of senior secured debentures to the same third party for $2.3 million by executing the note purchase agreement on TDNT’s behalf.
Holcombe was fined $10,000 and suspended from associating with any FINRA member firm in any capacity for nine months.
Mark Holcombe was registered with Source Capital Group from 4/2014-12/2015. His prior registrations include Global Hunter Securities and Madison Williams and Co.
If you have questions about an account in an account handled by Mark Holcombe , contact us to discuss your legal 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.
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