Mark Stanley is Facing an Options Strategy Dispute

Mark Stanley (CRD #: 6626725), a broker registered with Osaic Wealth, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 23, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On June 17, 2024, an investor alleged that Mark Stanley did not obtain his authorization for an options strategy that resulted in the sale of stock and subsequent capital gains taxes. 

On November 15, 2023, investors alleged Mark Stanley induced them to surrender a variable annuity and invest the proceeds in a managed account. They alleged this was not in their best interest. The dispute settled for $159,000.83. 

What is an Options Strategy? 

A “call” option gives an investor the right to buy a stock for a certain price once the price of the stock goes above the strike price by a specified deadline. A “put” option gives the buyer the right to sell shares once the stock reaches the strike price by the specified deadline. Depending on what type of options contract the investor buys, the investor is placing a bet that the price of a stock will either increase or decrease. Options trading strategies are often unsuitable because they are speculative and therefore likely to lose money.

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Mark Stanley has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

He is a registered broker in nine states and is a registered investment adviser in Texas and Washington. 

Mark Stanley has registered with two firms: Osaic Wealth (CRD #: 23131) and Hornor, Townsend & Kent (CRD #: 4031). 

Kurta Law Can Help 

If you worked with Mark Stanley and you 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.