Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial advisor Mark Kemp (Kemp) has at least 14 disclosable events. These events include 11 customer complaints alleging that Rivero engaged in some form of investment related misconduct in the handling of the client’s accounts. In addition, Kemp has been terminated for cause by two firms and has had a regulatory matter. Kemp is currently employed by McNally Financial Services Corporation (McNally Financial). Kemp’s customer complaints alleges that Kemp recommended unsuitable investments in different investment products including reverse convertibles and direct participation programs among other allegations and complaints.
In April 2022 a customer complained that Kemp violated the securities laws by alleging that Kemp made unsuitable investment recommendations specific to reverse convertible securities. The investor alleged damages of $157,600 and the claim is currently pending.
In July 2021 a customer complained that Kemp violated the securities laws by alleging that Kemp violated equitable principles of trade and fair dealing, violation of Securities Act of 1933, violation of Securities Exchange Act of 1934, violation of Texas Securities Act, fraud, negligent misrepresentation, breach of fiduciary duty, and other claims. The claim is currently pending and the investor seeks $370,006.75 in damages.
In May 2021 a customer complained that Kemp violated the securities laws by alleging that Kemp engaged in fraud, negligent misrepresentation, breach of fiduciary duty, and other claims. The claim is currently pending and the investor seeks $100,00 in damages.
