Marc Frederick Korsch of Sarasota, Florida, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Korsch recommended risky corporate bonds when Korsch was associated with Centaurus Financial Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02896 (December 29, 2022).
FINRA Public Disclosure shows that Korsch is referenced in forty-seven (47) other customer initiated investment related disputes concerning Korsch’s conduct while associated with securities broker dealers. On August 22, 2018, a customer initiated investment related FINRA securities arbitration claim involving Korsch’s conduct resulted in the customer being awarded $848,002.31 in compensatory damages and $100,000.00 in punitive damages because Trustmont Financial Group Inc. was held liable for failure to supervise, unsuitable recommendations, and misrepresentation in connection with annuity exchanges and a REIT purchase. FINRA Arbitration No. 17-00474.
On September 16, 2021, a FINRA securities arbitration claim involving Korsch’s conduct was settled for $29,500.00 in damages based upon allegations that Korsch made misrepresentations of material fact, made unsuitable recommendations, and breached his fiduciary duties in connection with the sale of real estate securities when Korsch was associated with Centaurus Financial Inc. FINRA Arbitration No. 21-02029.
On October 27, 2022, another complaint involving Korsch’s conduct was settled for $12,500.00 in damages based upon allegations that Korsch failed to follow instructions and made unsuitable recommendations in connection with the sale of corporate bonds.
Korsch was also referenced in a FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Korsch was negligent, made misrepresentations of material fact, made unsuitable recommendations, and breached his fiduciary duties in connection with the sale of corporate bonds. FINRA Arbitration No. 22-01202 (December 9, 2022).
On March 4, 2022, Korsch was barred from associating with any FINRA member in any capacity because Korsch failed to respond to FINRA’s request for information. Case No. 2020066487501. According to FINRA Public Disclosure, the regulator sent Korsch a Notice of Suspension on December 1, 2021, and a Suspension from Association letter on December 27, 2021. The stockbroker was provided with three months from the Notice of Suspension to cooperate with FINRA or otherwise seek termination of the suspension. Since Korsch failed to comply by the deadline, he was automatically barred by FINRA.
Korsch was associated with Centaurus Financial Inc. in Sarasota, Florida, as a stockbroker from February of 2014 to February of 2021, and was associated with Arkadios Capital in Sarasota, Florida, as a stockbroker from March of 2021 to September of 2021.
