Investor Alleges Charles Marques Failed to Explain Investments

Charles Marques (CRD #: 4711890), a broker registered with LPL Financial, was the subject of a recent dispute, according to his BrokerCheck record, accessed on August 21, 2022. Keep reading if you want to know more about his conduct as a broker.

Investor Dispute

On May 3, 2022, an investor alleged that Charles Marques failed to explain certain investments and the unsuitability of these investments. This dispute was denied by the firm.

Another dispute, filed on August 23, 2016, alleged that Charles Marques made misrepresentations and executed unauthorized trades. This dispute was also denied.

Investors should know, however, that firms don’t need to permit an external review before denying disputes. Investors may be able to recover their losses by pursuing FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, and otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the omission or misrepresentation of information about an investment, such as its risks, limitations, or potential returns.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information about an investor’s age, risk tolerance, and investment goals.

Investors who rely on their broker for recommendations may be able to recoup their losses by seeking out FINRA arbitration.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which restricts brokers from engaging in discretionary trading beyond pre-authorized accounts. These accounts must receive approval from both the firm and the client before discretionary trading can occur.

Background Information

Charles Marques has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Charles Marques is a registered broker in Florida, New Jersey, New York, Ohio, and Utah. He is also a registered investment adviser in Florida.

He has also worked for the following firms:

• Invest Financial Corporation (CRD#:12984)
• CUSO Financial Services (CRD#:42132)
• Princor Financial Services (CRD#:1137)
• IFMG Securities (CRD#:14416)
• Citicorp Investment Services (CRD#:23988)
• American Express Financial Advisors (CRD#:6363)
• IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Charles Marques and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.