Mark Kemp Suspended by Texas State Securities Board – Goodman & Nekvasil, P.A., May Recover Investor Losses
MCNALLY FINANCIAL SERVICES CORPORATION investment adviser, Mark Kemp Suspended by Texas State Securities Board.
CRD#: 2057200
To replace the clients’ loss of income, Kemp used reverse convertibles, which typically generate a higher stream of income than is available from other bonds or bank products. Kemp purchased reverse convertibles in certain client accounts and in quantities that exceeded the risk tolerances these clients were willing to endure.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
McNally Financial Services Corporation was also reprimanded for alleged failure to establish, maintain, and enforce a system to supervise the activities of its agents.
Mark Kemp Suspended by Texas State Securities Board.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 10/23/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.