Mark Alan Cline of Wildwood, Florida, a stockbroker registered with National Securities Corporation, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Cline made unsuitable recommendations of real estate securities when Cline was associated with National Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01556 (February 24, 2023).
FINRA Public Disclosure shows that Cline is referenced in eighteen (18) customer initiated investment related disputes concerning Cline’s conduct while associated with securities broker dealers, including National Securities Corporation. On May 25, 2021, a customer initiated investment related FINRA securities arbitration claim involving Cline’s conduct was settled for $50,000.00 in damages based upon allegations that Cline engaged in unsuitable trading in private placements. FINRA Arbitration No. 19-02670.
On May 25, 2021, a customer initiated investment related FINRA securities arbitration claim involving Cline’s conduct was settled for $250,000.00 in damages based upon allegations that Cline made unsuitable recommendations of private placements. FINRA Arbitration No. 19-02655.
Cline is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $35,000.00 in damages based upon alleged unsuitable private placement recommendations. FINRA Arbitration No. 19-03633 (May 25, 2021).
On June 13, 2022, a customer filed an investment related FINRA securities arbitration claim involving Cline’s conduct in which the customer requested $100,000.00 in damages based upon allegations that Cline provided unsuitable investment advice. FINRA Arbitration No. 22-01129.
Cline is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $55,000.00 in damages based upon allegations that Cline made omissions of material fact regarding private placements. FINRA Arbitration No. 22-01585 (July 18, 2022).
On January 12, 2023, a customer filed an investment related FINRA securities arbitration claim involving Cline’s conduct in which the customer requested $100,000.00 in damages based upon allegations that Cline made unsuitable recommendations of GWG L bonds. FINRA Arbitration No. 22-02670.
Cline was associated with National Securities Corporation in Wildwood, Florida, as a stockbroker from January 8, 2014, to January 21, 2022.
