Articles Tagged with National Securities Corp

Non-Traditional Investment Losses

If you were an investor who sustained losses while working with Mark Alan Cline, contact Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today. Our brokerage firm misconduct lawyers work with clients who have suffered financial losses due to the negligent, fraudulent or other wrongful actions of their financial representatives.

Based out of Wildwood, Florida, Cline operates the Cline Financial Group.  According to its website, Cline Financial Group offers what are known as non-traditional investments such as Real Estate Investment Trusts (“REITs”), Delaware Statutory Trusts (“DSTs”) and Non-Traded Preferred Stocks.  Based on Cline’s official record with the Financial Industry Regulatory Authority (“FINRA”), the entity that regulates all brokerage firms and advisors, he is an employee of National Securities Corporation.  The official record is known as the CRD, and according to Cline’s record he has 12 customer complaints.  Interestingly, all of the complaints were filed in December of 2019 and all of these customer disputes allege claims involving suitability of the investments recommended. The customer disputes are all pending and range in controversy from $50,000 to $800,000.

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