Mark Arthur is Facing a Suitability Dispute

Mark Arthur (CRD #: 2594232), a previously registered broker with Centaurus Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on November 27, 2023. Keep reading if you have questions. 

On September 28, 2023, an investor alleged that Mark Arthur recommended an unsuitable, speculative, high-risk, and illiquid investment. The investor is seeking $50,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

High-risk and illiquid investments are often unsuitable. Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Mark Arthur has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He has registered with eight firms: 

• Centaurus Financial (CRD #: 30833)
• J.P. Turner & Company (CRD #: 43177) 
• MetLife Securities (CRD #: 14251) 
• Interstate Johnson Lane Corporation (CRD #: 431) 

Kurta Law Can Help 

If you have worked with Mark Arthur and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or 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.