Mark A. Lisser, of New York, New York, a stockbroker formerly associated with Global Arena Capital Corp, has been named in a customer initiated investment related arbitration claim on October 26, 2015, in which the customer has requested $61,458.00 in damages based upon allegations against Lisser of churning the customer’s account, using margin in the customer’s account in an excessive matter, and effecting unsuitable investment transactions.
FINRA’s Public Disclosure reveals that Lisser has been subject to eight other customer initiated investment related arbitration claims. Particularly, on March 11, 2016, Lisser was named in a customer initiated investment related arbitration claim, in which the customer requested $150,000.00 in damages based upon allegations that Lisser effected unsuitable equity trades in the customer’s account.
On December 3, 2014, Lisser settled a customer initiated investment related arbitration claim for $25,000.00 based upon the customer’s allegations against Lisser of improperly utilizing the customer’s margin account, excessively trading the customer’s account, and effecting transactions in investments which were not suitable for the customer. On January 20, 2014, Lisser settled a customer initiated investment related arbitration claim for $160,000.00 in damages based upon allegations that Lisser breached his fiduciary and contractual obligations with the customer, churned the customer’s account, effected unsuitable investment transactions, and defrauded the customer.
Lisser was named in a pending customer initiated investment related arbitration claim on January 16, 2014, in which the customer has requested $109,000.00 in damages based upon allegations against Lisser of excessively utilizing the customer’s margin account, and excessively trading the customer’s assets.
On June 11, 2009, Lisser settled a customer initiated investment related arbitration claim for $14,900.00 based upon allegations against Lisser of effecting trades in the customer’s account which had not been authorized by the customer, and illegally utilizing the customer’s margin account. Lisser settled a customer initiated investment related arbitration claim for $4,025.00 based upon allegations against him of effecting unauthorized trades in the customer’s account.
After Lisser’s termination from Global Arena Capital Corp in December of 2014, he became registered with Garden State Securities, Inc. from December of 2014 through April of 2016. Since 2001, Lisser has been associated with six different broker dealers, four of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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