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National Securities Corporation Broker Mark Cline Suitability Concerns

Posted on Wednesday, August 5th, 2020 at 9:04 pm    

Erez Law is currently investigating National Securities Corporation broker Mark Cline (CRD# 3206962) regarding the suitability of private placement investment recommendations. Cline has been registered with National Securities Corporation in Wildwood, Florida since 2014 and National Asset Management, Inc. in Wildwood, Florida since 2017. 

Cline has been the subject of 12 customer complaints in 2019, according to his CRD report:

December 2019. “Suitability.” The customer is seeking $50,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $400,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $450,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $175,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $75,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $285,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $162,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp.

December 2019. “Suitability.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $75,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

December 2019. “Suitability.” The customer is seeking $800,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Cline was registered with National Securities Corp. 

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, National Securities Corporation may be liable for investment or other losses suffered by Cline’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.