Mark Nelson Holloway of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $10,000.00 in damages supported by allegations that (1) Holloway made omissions and misrepresentations to the customer concerning oil and gas direct investments and mutual funds and (2) Holloway placed the customer in speculative investments that were not appropriate for the customer while Holloway was associated with WFG Investments Inc. Financial industry Regulatory Authority (FINRA) Arbitration No. 17-01411 (Nov. 20, 2018).
FINRA Public Disclosure reveals that Holloway is referenced in two customer initiated investment related disputes pertaining to accusations of his misconduct during the time that he was associated with securities broker dealers including WFG Investments Inc. and Jeffries LLC. In particular, a customer filed an investment related arbitration claim regarding Holloway’s activities where the customer sought $50,000.00 in damages based upon allegations that while Holloway was associated with Jeffries LLC and WFG Investments Inc., misrepresentations had been made to the customer concerning convertible preferred stock investments that were sold to the customer; and no adequate due diligence had been undertaken on the investments placed in the customer’s account. FINRA Arbitration No. 16-03688 (Jan. 3, 2017).
Thereafter, a customer initiated investment related arbitration claim involving Holloway’s conduct was settled for $12,000.00 in damages founded on accusations that while Holloway was associated with WFG Investments Inc., the customer was provided poor investment advice concerning a convertible stock transaction executed in the customer’s account; and false or misleading statements had been made to the customer concerning the stock transaction. FINRA Arbitration No. 17-00298 (Feb. 22, 2017).
Holloway’s registration with WFG Investments Inc. has been terminated as of May 4, 2017. Since May 11, 2017, Holloway has been employed by Oak Hills Securities Inc.
