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Mark Baksic Involved in Suitability Dispute

May 6, 2022 Unsuitable Investments

Mark Baksic (CRD #: 5749934), a broker registered with Western International Securities, was involved in an investor dispute, according to his BrokerCheck record, accessed on April 29, 2022. If you have questions about Mark Baksic’s conduct as a broker, read on.

Investor Dispute

In a dispute filed on January 4, 2022, an investor made unspecified allegations against Mark Baksic involving unsuitability. This dispute was denied by the firm.

Investors should know that firms can deny disputes without allowing external review, and investors can still pursue FINRA arbitration following a denial.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as those that match an investor’s profile. Investors’ profiles include information such as clients’ age, financial goals, and risk tolerance. Brokers must use this information to tailor their recommendations to clients’ goals.

Investors who have lost money through unsuitable investment recommendations can recoup their losses through FINRA arbitration.

Background Information

Mark Baksic has passed the following exams:

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

Mark Baksic is a registered broker in six states and a registered investment adviser in California, Pennsylvania, Texas, and Wisconsin.

He has also worked for GBS Advisors (CRD#:16906) and GBS Financial (CRD#:16906).

Kurta Law Can Help

If you worked with Mark Baksic 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.