Mark Stewart Brody, of Melville, New York, a stockbroker currently registered with Planned Financial Programs Inc., is the subject of a customer initiated investment related arbitration claim which was resolved for $55,000.00 in damages supported by allegations of Brody’s misrepresentation of information relating to common and preferred stock trades while he was employed by Planned Financial Programs Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02662 (December 4, 2020). The claim alleges Brody’s failure to effect suitable investment transactions.
This is not the first time that Brody has been accused of sales practice violations by a customer of Planned Financial Programs. FINRA Public Disclosure Planned Financial Programs Inc. shows that a customer initiated investment related arbitration claim concerning Brody’s conduct was settled for $39,000.00 in damages founded on accusations of Brody making unsuitable investment recommendations concerning a managed account at Planned Financial Programs. According to the claim, Brody failed to monitor the account. The claim also alleges overconcentration.
Brody has been registered with Planned Financial Programs as a stockbroker since August 1, 1990. He has been registered with Financial Planning Analysts LLC as an investment adviser representative since August 9, 2021.
