Mark Panfil Resigns from Morgan Stanley

Mark Panfil (CRD #: 1875773), a broker registered with Aegis Capital Corporation, resigned from his previous firm, according to his BrokerCheck record, accessed on December 15, 2022. Read on to learn more about his alleged conduct as a broker.

Resignation from Morgan Stanley Smith Barney

On October 7, 2022, Mark Panfil resigned from Morgan Stanley following allegations that he engaged in undisclosed outside business activities and alleged concerns that he compensated another employee outside of firm systems and without the firm’s knowledge or approval.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose to their firm any business they engage in outside the firm, including any compensation they expect to receive.

Other business activities

Mark Panfil’s detailed BrokerCheck report currently lists the following outside business activities:

• Investor in Queens Gaming Collective, a women’s gaming co-op.
• Owner of La Cresta Motorsports, a company formed to buy and sell cars.
• Investor in SKVI, an underwear company.
• Blue Anchor Wealth Management 
• Agent/Producer at ACC Corporation, an insurance agency.

Background Information

Mark Panfil has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination

Mark Panfil is a registered broker in 28 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

• Morgan Stanley (CRD#:149777)
• RBC Capital Markets (CRD#:31194)
• Wachovia Securities (CRD#:19616)
• Prudential Securities (CRD#:7471)
• Citigroup Global Markets (CRD#:7059)
• Lehman Brothers (CRD#:7506)
• Baraban Securities (CRD#:7659)

Kurta Law Can Help

If you worked with Mark Panfil 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.