Mark Cramer – Financial Advisor/Broker Mark Cramer Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Mark Cramer CRD #1313587
Mark Cramer is a currently licensed financial advisor with MML Investors Services LLC. Mark Cramer was previously licensed with MSI Financial Services, Inc.
According to FINRA, Mark Cramer was suspended from the securities industry for two months and fined $5,000 in September 2019.
According to FINRA Allegations:
In February 2017, while registered with MSI, Mark Cramer met with a prospective customer to discuss opening an IRA at MSI and purchasing a variable annuity. During that meeting, the customer completed and signed an application to purchase a variable annuity and documents required by MSI to open an IRA. However, the versions of the variable annuity application and account opening documents signed by the customer were outdated. Following the meeting, Mark Cramer forged the customer’s signature on updated versions of the variable annuity application and account opening documents. Mark Cramer subsequently submitted those documents to MSI for processing.
According to Mark Cramer’s CRD:
A customer dispute was filed alleging sales practice violations against Mark Cramer. The complainant alleges that in 2017, beginning when Mark Cramer was with his prior firm and continuing with his current firm, several of the documents that Mark Cramer sent to the carrier in relation to the complainant’s variable annuity purchase were forged. The complainant further alleges that Mark Cramer misrepresented information related to this variable annuity. This customer dispute was settled for $456,990.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Mark Cramer and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Mark Cramer’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Mark Cramer and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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