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Marc Hallick Allegedly Overconcentrated Margin Positions

Marc Hallick (CRD #: 4652410), a broker registered with Raymond James & Associates, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 22, 2023. Keep reading if you have questions regarding his alleged conduct. 

On November 2, 2023, an investor alleged that Marc Hallick deployed an unsuitable investment strategy that involved short selling concentrated positions on margin. He allegedly failed to explain the material facts and risks associated with the strategy.

The investor is seeking $6.5 million.

What is Margin Investing? 

Investing on margin is when an investor opens a margin account and borrows money from a brokerage firm in order to purchase more securities. Using borrowed money is called “leverage” and it increases the risk that the investor will lose money. Margin accounts may come with interest charges, significant broker fees, and the risk of a margin call. 

Concentrated margin investments may be especially unsuitable given their high risk. Investments should always factor in an investor’s risk tolerance. 

Background Information 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 31 Futures Managed Funds Examination
  • Series 7 General Securities Representative Examination

He is a registered broker in 24 states and D.C. He is a registered investment adviser in Florida and Texas. 

Marc Hallick has registered with the following firms: 

  • Raymond James & Associates (CRD #: 705) 
  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Morgan Stanley (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Marc Hallick and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.