There are options for clients of Ausdal Financial Partners, Inc. broker Mark MacArthur (CRD# 2411397) who lost money due to investments in private placements. He was registered with Ausdal Financial Partners, Inc. in Valencia, California, from 2006 to 2023.
In February 2020, the United States Securities and Exchange Commission (SEC) sanctioned him to pay a civil and administrative penalty and fine and disgorgement in the amount of $231,948. According to his BrokerCheck profile, the U.S. District Court for the Central District of California issued this complaint against Criterion Wealth Management Insurance Services, Inc., Robert Allen Gravette, and Mark Andrew MacArthur. It is alleged that the defendants breached their fiduciary duty when failing to disclose a glaring conflict of their financial interests. The SEC reported that between 2014 and 2017, the “defendants recommended that their advisory clients invest more than $16 million in four private placement funds, without disclosing that the fund managers for these investments had paid them more than $1 million in side compensation – income on top of the fees that defendants were already charging their clients directly. Because this additional side compensation was recurring and depended on Criterion’s clients remaining invested in the subject funds, Criterion, Gravette, and MacArthur not only had a financial incentive to recommend that their clients invest in the first instance, they were also incentivized to keep their clients in the funds going forward, rather than allocating their capital elsewhere.”
Mark MacArthur Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2026. “Unsuitable investments and lack of supervision related to private placements purchased in 2013 by the client’s late spouse, and investments within an advisory account with the Rep’s approved outside RIA.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding private placements and complex exchange traded funds (ETFs).
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Ausdal Financial Partners, Inc. may be liable for investment or other losses suffered by Mark MacArthur’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
