Vernon Litigation Files another Claim on behalf of four investors against Brokerage Firm Charged with Supervising Financial Advisor Marc Korsch
Vernon Litigation Group, a top-tier securities litigation law firm, announces the filing of more claims against Marc Frederick Korsch, a registered investment broker and advisor. The arbitration claims were filed with the Financial Industry Regulatory Authority (FINRA).
Korsch is currently licensed through Arkadios Wealth Advisors (Arkadios Capital), a Georgia-based financial institution with an office in Sarasota, Florida. Korsch was previously registered with Centaurus Financial, Inc., a California-based financial institution with an office in Sarasota. Each of these brokerage firms that supervised Korsch are regulated by FINRA.
BrokerCheck® Disclosures
According to Korsch’s FINRA BrokerCheck® public profile, Korsch has several disclosures against him. FINRA defines a disclosure as “customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings” in which they were involved.
FINRA indicates that Korsch had three customer complaints and disputes against him in the past four years. According to public records, one of these complaints led to a FINRA arbitration award of nearly $1 million in total damages to a former client (against the firm charged with supervising Korsch). The complaint alleged wrongdoing on behalf of Korsch while working for a previous employer at the time, Trustmont Financial Group, Inc. With this most recent filing, Vernon Litigation Group now has multiple FINRA arbitration claims pending against the brokerage firm charged with supervising Korsch during the relevant period. Additionally, FINRA BrokerCheck® also shows five judgments/liens against Korsch, four of which are six-figure dollar amounts.
Vernon Litigation Group is engaged in an ongoing investigation of supervision, compliance, and regulatory issues surrounding Marc Korsch, including REIT and Annuity product sales.
If you are a current or former client of Marc Korsch and/or Centaurus Financial, Inc., please contact us at 239-319-4434 for a confidential, no-cost consultation. Our investors’ rights attorneys have decades of experience representing investors in various securities litigation claims across the country.
About Vernon Litigation Group
Vernon Litigation Group represents investors across the United States and abroad. Our firm handles a number of financial claims and disputes, including securities and investment fraud, investor representation, breach of fiduciary duty, FINRA arbitration, and more. Our firm also represents investors in exposing conflicts of interest, greed, incompetence, negligence, theft, and other wrong doing committed by brokerage firms, investment advisors and brokers, financial planners, banks, and Trust Companies.
Call our firm today at (239) 319-4434 and learn more about your rights and options moving forward.