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Trusts Allege Mark Albright Made Unsuitable Investment Recommendations

May 5, 2023 Unsuitable Investments

Mark Albright (CRD #: 4413263), a broker registered with Raymond James Financial Services, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on April 28, 2023. Investors may have also engaged his services through  Raymond James Financial Services Advisors. Keep reading to learn more about his alleged conduct as a broker.

Pending Dispute

On February 23, 2023, several claimants filed a dispute alleging that Mark Albright gave unsuitable investment recommendations and failed to provide them with full accounting from 2015-2023. They seek $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe investor characteristics like their age, tax status, and risk tolerance.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Mark Albright has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Mark Albright is a registered broker in 38 states and the District of Columbia. He is also a registered investment adviser in Kansas and Texas.

He has also worked for Ameriprise Financial Services (CRD#:6363) and IDS Life Insurance Company (CRD#:6321).

Kurta Law Can Help

If you worked with Mark Albright and you have concerns about your investments, please contact us today at 877-600-0098 or 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.