Mark James Derosa (CRD #4180250) Has a Regulatory Action Disclosure on FINRA BrokerCheck

Mark James Derosa (CRD #4180250) is a broker with a regulatory action disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on June 16, 2026. It reflects one regulatory event. If you invested with Mark Derosa and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Mark Derosa’s FINRA BrokerCheck Report reflects one regulatory action disclosure. A summary of the disclosure is below:

On April 10, 2026, the New York State Department of Financial Services initiated a regulatory action involving Mark Derosa. Mark Derosa’s FINRA BrokerCheck report states that the regulator said he used an unlicensed agency name. The period ran from about June 1, 2021, through March 30, 2024. This violated Section 2101(f) of the Insurance Law. A stipulation and consent resolved the matter on April 21, 2026. Mark Derosa’s FINRA BrokerCheck report lists the product type as insurance. It also notes a $2,000 civil and administrative penalty.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires members to observe high standards of commercial honor and just and equitable principles of trade. Regulatory disclosures can raise questions about whether conduct met those standards.

Rule Summary #2: FINRA Rule 3270 (Outside Business Activities)

FINRA Rule 3270 requires registered persons to give firms prior written notice before certain outside business activity. The rule can matter when separate business activity may affect a customer’s view of the broker or the firm.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Mark Derosa’s FINRA BrokerCheck report, Mark Derosa:

Is currently registered with Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Mark Derosa has passed Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Richard Brothers Financial Advisors, LPL Financial Corporation, and MetLife Securities Inc.

Kurta Law Can Help

If you have worked with Mark Derosa, you may have concerns about his activity. Kurta Law may be able to help. The firm can review your legal options. Contact Kurta Law at 877-600-0098. Email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud Lawyer

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can explain possible next steps.