Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related written complaint on October 15, 2020 where the customer requested $4,000,000.00 in damages based on accusations that unsuitable alternative investments were recommended by Trewitt while he was associated with VFG Securities as well as Integrated Financial Solutions Group Ltd. and Delta Investment Management LLC. According to the complaint, Trewitt breached a fiduciary duty to the customer in reference to purchases of REITs and direct investments. The claim also alleges misrepresentation and fraud.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Trewitt has been identified in eighteen more customer initiated investment related disputes concerning allegations of his wrongdoing during the period that he was associated with securities broker dealers including Madison Avenue Securities and VFG Securities. On April 13, 2018, a customer initiated investment related complaint regarding Trewitt’s conduct was settled for $101,576.00 in damages based upon accusations that the customer’s account at VFG had been overconcentrated in alternative investments including equipment leasing, asset-backed debt, promissory note, REIT, and direct investment products.
Trewitt has also been referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages founded on allegations that unsuitable recommendations were made by Trewitt which pertained to illiquid alternative investments. FINRA Arbitration No. 18-02324 (June 21, 2018).
On October 6, 2018, another customer filed an investment related FINRA securities arbitration claim regarding Trewitt’s conduct where the customer requested $1,954,304.00 in damages supported by accusations of an overconcentration of their assets in alternative investments. The customer alleged that they experienced losses on promissory notes, equipment leasing investments, and real estate securities.
Trewitt is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $25,000.00 in damages based on allegations that Trewitt breached a fiduciary duty to them and was negligent in reference to real estate security and direct investment products. FINRA Arbitration No. 18-01954 (Apr. 25, 2019). VFG Securities is accused of negligently supervising Trewitt resulting in the customer’s purchases of unsuitable investments.
On June 15, 2019, an additional customer initiated investment related complaint concerning Trewitt’s activities was settled for $25,000.00 in damages founded on accusations of unsuitable alternative investment transactions because of Trewitt. FINRA Arbitration No. 18-02181 (June 15, 2019). The customer allegedly sustained losses on direct investments, oil and gas limited partnerships and annuity products. The claim alleges that VFG Securities failed to supervise Trewitt.
On November 18, 2019, a different customer filed an investment related FINRA securities arbitration claim involving Trewitt’s conduct in which the customer sought $150,000.00 in damages based upon allegations that transactions were unsuitable and that Trewitt misrepresented information in regard to the customer’s investments. FINRA Arbitration No. 19-03424.
Trewitt has also been suspended by Texas Securities Board. REG19-SUS-04 (June 6, 2019). According to the regulator, Trewitt made unsuitable recommendations concerning private placements and business development companies as well as non-traded REITs.
Trewitt was registered with VFG Securities between November 9, 2010 and November 13, 2017. Between April 13, 2017 and June 14, 2017, Trewitt was registered with Niagara International Capital Limited.