Goodman & Nekvasil P.A, May Recover Investor Losses – Mark Charles Koehler Discharged by Cetera Advisor Networks, LLC
From 2006 until Mark Koehler’s firing in 2015, Mark Koehler was licensed with Cetera Advisor Networks, LLC. Mark Koehler was subsequently licensed with Kovack Securities, Inc. According to FINRA’s records, Mark Koehler was fired by Cetera Advisor Networks, LLC on January 23, 2015. Cetera Advisor Networks, LLC reported to FINRA that Mark Koehler was fired for accepting blank, signed forms from customers in violation of Cetera Advisor Networks, LLC policy, short term trading in mutual funds and other customer account trading activity under Cetera Advisor Networks, LLC review.
Subsequent to Mark Koehler’s firing by Cetera Advisor Networks, LLC, FINRA investigated Mark Koehler and brought a disciplinary action against Mark Koehler. Mark Koehler was permanently barred from the securities and investment banking industry on June 29, 2017. Mark Koehler consented to the sanction and to FINRA findings that Mark Koehler refused to produce information and documents requested by FINRA after it commenced an investigation following receipt of a tip that Mark Koehler had engaged in unsuitable trades in the account of a senior customer. The findings stated that during its investigation, FINRA also reviewed trading in certain other of Mark Koehler’s customer accounts, including those associated with a second customer and her senior customer parents. The findings state that FINRA sought to investigate, among other activity, whether Mark Koehler engaged in unsuitable trading, including short-term mutual fund switching and excessive trading in customer accounts, placed undue influence on the second customer before her death, and failed to disclose his status as a named beneficiary in the second customer’s will to his member firm.
FINRA also reports two previous settlements of complaints involving Mark Koehler’s conduct. One of these complaints settled for $35,000 with Mark Koehler paying $10,000 of this settlement.
If you lost any money on investments with Mark Koehler while Mark Koehler was employed with Cetera Advisor Networks, LLC and/or Kovack Securities, Inc., you may be able to recover your losses from Cetera Advisor Networks, LLC and/or Kovack Securities, Inc. This is because Cetera Advisor Networks, LLC and Kovack Securities, Inc. had a duty to supervise Mark Koehler.
If you lost money on investments with Mark Koehler 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 against Cetera Advisor Networks, LLC and/or Kovack Securities, Inc concerning Mark Koehler’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 $300 million on behalf of victimized investors. If you lost money on investments with Mark Koehler 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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