Goodman & Nekvasil P.A., May Recover Investor Losses | Mark Eliot Silverman (Mark Silverman) Financial Advisor Suspended from Securities Industry
From 2015 until Mark Silverman’s resignation in 2017, Mark Silverman was licensed with MML Investors Services, LLC. Mark Silverman was previously licensed with Park Avenue Securities LLC. According to FINRA’s records, Mark Silverman was permitted to resign by MML Investors Services, LLC on January 10th, 2017. MML Investors Services, LLC reported to FINRA that Mark Silverman was accused of failing to comply with company policies and procedures governing applications for traditional life insurance.
Subsequent to Mark Silverman’s resignation from MML Investors Services, LLC, FINRA investigated Mark Silverman and brought a disciplinary action against Mark Silverman. FINRA reports that Mark Silverman was suspended for two months from the securities industry by the Financial Industry Regulatory Authority (FINRA) on May 26th, 2017.
FINRA also reports that 2 claims involving Mark Silverman’s conduct have been filed, alleging that Mark Silverman used altered documents to issue new traditional life insurance policies and/or fraudulently opened brokerage accounts to transfer shares of stock in which Mark Silverman was the custodian or joint account owner and sold such shares for Mark Silverman’s personal use. The claims were settled for $911,884.88 and $30,000.
If you lost any money on options with Mark Silverman, you may be able to recover your losses from MML Investors Services, LLC and/or Park Avenue Securities LLC. This is because MML Investors Services, LLC and Park Avenue Securities LLC had a duty to supervise Mark Silverman.
If you lost money on options with Mark Silverman and believe that 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 against MML Investors Services, LLC and/or Park Avenue Securities LLC concerning Mark Silverman’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.
Goodman & Nekvasil, P.A. has recovered approximately $180 million on behalf of victimized investors. If you lost money on options with Mark Silverman 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.