Mark Sam Kolta of New York New York a stockbroker formerly registered with National Securities Corporation is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based on accusations of them being placed into unsuitable real estate security products by Kolta when he was employed by National Securities Corporation. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01794 (July 30, 2021).
FINRA Public Disclosure shows that Kolta has been identified in 29 additional customer initiated investment related disputes containing allegations of his misconduct while he was registered with securities broker dealers, including Cetera Advisors LLC, Aegis Capital Corp, National Securities Corporation, and Worden Capital Management LLC.
On November 27, 2020, a customer initiated investment related FINRA securities arbitration claim concerning Kolta’s activities was resolved for $25,000.00 in damages founded upon accusations of the violation of FINRA rules concerning direct investments purchases through Kolta at Cetera Advisors. FINRA Arbitration No. 20-00967. The claim alleges that omissions and misrepresentations were made by Kolta regarding direct participation programs and limited partnerships.
On January 14, 2021, a different customer initiated investment related FINRA securities arbitration claim involving Kolta’s conduct was settled for $115,000.00 supported by allegations that a contract between the customer and the securities broker dealer had been breached during the period Kolta was registered with National Securities Corp. FINRA Arbitration No. 19-01773 (January 14, 2021). According to the claim, the customer was placed into real estate securities, stocks, and over-the-counter equities in breach of fiduciary duty. The claim also alleges negligence.
Kolta is additionally the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $3,900,000.00 in damages based on accusations of unsuitable real estate security transactions for the National Securities Corp customer. FINRA Arbitration No. 20-04203 (January 19, 2021).
On March 23, 2021, another customer filed an investment related FINRA securities arbitration claim regarding Kolta’s activities. They sought $400,000.00 in damages founded upon allegations that Kolta made misrepresentations regarding real estate securities. FINRA Arbitration No. 21-00615. Kolta is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the National Securities Corp customer requested $300,000.00 supported by accusations of Kolta’s unsuitable real estate security transactions resulting in damages. FINRA Arbitration No. 21-01361 (June 14, 2021).
On June 29, 2021, a different customer filed an investment related FINRA securities arbitration claim concerning Kolta’s conduct where they sought $450,000.00 in damages based on allegations of unsuitability as it pertained to their REIT purchases. FINRA Arbitration No. 21-01640.
Kolta was registered with National Securities Corporation between September 12, 2013, and June 2, 2017. He was registered with Aegis Capital Corp from June 8, 2017, to February 20, 2018, and registered with Worden Capital Management from April 6, 2018, and October 14, 2021.
