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Mark Brosa Allegedly Failed to Return Investor’s Funds

Mark Brosa (CRD #: 5481188), a broker formerly registered with Ameriprise Financial Services, allegedly borrowed funds from an investor, according to his BrokerCheck record, accessed on October 31, 2024. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On August 19, 2024, an investor alleged that Mark Brosa borrowed $40,000 from December 2023 through January 2024 and failed to return the funds despite promising to do so. This dispute was settled for $50,800.

FINRA Rule 3240

FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

Termination from Edward Jones

On February 11, 2020, Mark Brosa was fired from Edward Jones following allegations that he took possession of a deceased client’s vehicle in 2019 and was listed as an insured party. He allegedly did not pay for the vehicle, and the vehicle’s insurance was allegedly updated and paid for by the deceased client’s sister.

Civil Lien

On November 18, 2019, Mark Brosa incurred a civil lien of $1,669.65.

Background Information

Mark Brosa has passed the following exams:

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

He previously worked for Ameriprise Financial Services (CRD#:6363) and Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Mark Brosa 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 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. 

 

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