Marc Harrison Allegedly Engaged in Excessive Trading
Marc Harrison (CRD #: 1605568), a broker registered with Reid & Rudiger, is the subject of a FINRA investigation. This disclosure appears on his BrokerCheck record, accessed on October 16, 2024. Keep reading if you have questions regarding his alleged conduct.
FINRA Investigation
On August 14, 2024, FINRA announced it had made a preliminary determination to recommend that disciplinary action be brought against Marc Harrison alleging failure to supervise and resulting in excessive trading.
Excessive Trading
FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.”
Background Information
Marc Harrison has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Series 79TO Investment Banking Registered Representative Examination
- SIE – Securities Industry Essentials Examination
- Series 87 Research Analyst Exam – Part II Regulations Module
- Series 7 General Securities Representative Examination
- Series 4 Registered Options Principal Examination
- Series 24 General Securities Representative Examination
He is a registered broker in five states.
Marc Harrison has registered with eight firms. These are the four most recent:
- Emmett A Larkin Company (CRD #: 6625)
- Gruntal & Co. (CRD #: 372)
- Marketfield Securities (CRD #: 7682)
- Rosenkrantz Lyon & Ross (CRD #: 3227)
Kurta Law Can Help
If you worked with Marc Harrison and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.