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Investor Seeks Six Figures in Suitability Dispute with Mark Horstmann

May 20, 2022 Unsuitable Investments

Mark Horstmann (CRD #: 4079505), a broker registered with Cambridge Investment Research, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on May 15, 2022. If you want to learn more about Mark Horstmann’s conduct as a broker, keep reading.

Alleged Unsuitable Investment Recommendation

In a dispute filed on March 9, 2022, an investor alleges Mark Horstmann recommended an unsuitable investment in 2015, as well as other unspecified allegations. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate the suitability of an investment for their investor’s financial goals. Brokers must take into account the investor’s profile, which contains the following information about their client:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Investors seeking to recover losses caused by unsuitable investments may be able to do so by pursuing FINRA arbitration.

Background Information

Mark Horstmann has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 24 - General Securities Principal Examination

Mark Horstmann is a registered broker in nine states and a registered investment adviser in Missouri.

He has also worked for the following firms:

  • Geneos Wealth Management (CRD#:120894)
  • Compass Wealth Management (CRD#:112054)
  • Cetera Advisors (CRD#:10299)
  • Vestax Securities (CRD#:10332)

Kurta Law Can Help

If you worked with Mark Horstmann 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.