Goodman & Nekvasil P.A., May Recover Investor Losses – William Mark Heiden (Mark Heiden) Licensed with Wedbush Securities Inc.
Since 2013, Mark Heiden has been licensed with Wedbush Securities Inc. Mark Heiden was previously licensed with Morgan Stanley. FINRA reports that four complaints and/or arbitration claims were filed involving Mark Heiden’s conduct with Wedbush Securities Inc. alleging wrongful, intentional fraudulent and deceptive activities in accounts, unsuitable and unauthorized trading, breach of fiduciary duty, constructive fraud, fraud by misrepresentation and omission, breach of written contract, failure to supervise and control, violation of state and federal securities laws, and/or falsifying documents. These claims were settled for $630,000, $549,920, $353,000, and $75,000. Mark Heiden contributed $839,000 in total to these four settlements. According to FINRA, a complaint involving Mark Heiden’s conduct with a previous firm was also settled.
FINRA also reports that three arbitration claims involving Mark Heiden’s conduct with Wedbush Securities Inc. and/or Morgan Stanley are currently pending. These claims allege breach of fiduciary duty, violation of industry rules, financial elder abuse, unsuitable investments, omissions, and/or fraud. These pending arbitration claims seek damages of $950,718.24, $855,299, and $600,000.
If you lost any money on investments with Mark Heiden, you may be able to recover your losses from Wedbush Securities Inc. and/or Morgan Stanley. This is because Wedbush Securities Inc. and Morgan Stanley had a duty to supervise Mark Heiden.
If you lost money on investments with Mark Heiden 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 Wedbush Securities Inc. and/or Morgan Stanley concerning Mark Heiden’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 $170 million on behalf of victimized investors. If you lost money on investments with Mark Heiden 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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