Investment Loss Options for Clients of Former Centaurus Financial, Inc. Broker Marc Korsch
Posted on Tuesday, April 6th, 2021 at 1:14 am
Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Centaurus Financial, Inc. broker Marc Korsch (CRD# 5525226). Korsch has been registered with Arkadios Capital in Atlanta, Georgia since March 2021. Previously, Korsch was registered with Centaurus Financial, Inc. in Sarasota, Florida from 2014 to 2021. Previously, Korsch was registered with Trustmont Financial Group, Inc. in Sarasota, Florida from 2011 to 2014.
Korsch has been the subject of three customer complaints between 2017 and 2020, one of which was closed without action, according to his CRD report:
October 2020. “During the period July 2014 to present, the customers allege that the Registered Representative invested their accounts in unsuitable/high-risk investments and breached his fiduciary duty.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding real estate securities and direct investments.
February 2017. “Korsch was a subject of the customer’s complaint against Trustmont Financial Group, Inc. that asserted the following causes of action: violation of Florida’s Securities and Investor Protection Act § 517.011 et al; breach of fiduciary duty; common law fraud; failure to supervise; suitability; negligence/negligent misrepresentation/omission; breach of contract; restitution; and negligent supervision.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding real estate investment trusts (REITs) and annuity exchanges. The complaint took place while Korsch was registered with Trustmont Financial Group, Inc.
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, Centaurus Financial, Inc. may be liable for investment or other losses suffered by Korsch’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.