Mark Joel Rubin (CRD #1936202) Has Customer Dispute Disclosures on FINRA BrokerCheck

Mark Joel Rubin (CRD #1936202) is a broker with customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 21, 2026. It reflects four customer disputes. If you invested with Mark Rubin and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Mark Rubin’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Two examples are summarized below. Two additional customer dispute disclosures remain.

On March 9, 2026, a customer alleged Mark Rubin sold an unsuitable promissory note. The customer requested $550,000 in damages. Mark Rubin FINRA BrokerCheck lists the product as a promissory note. Raymond James & Associates, Inc. denied the complaint on May 8, 2026. Rubin’s statement says the client chose to loan funds to a trucking company for a 9% interest rate. His statement also says he discussed repayment risk and suggested U.S. government bonds as a safer option.

On June 28, 2024, a customer alleged Mark Rubin sold certain stock after being told not to sell it. The customer also alleged that shares were bought back without consultation. Mark Rubin FINRA BrokerCheck lists the product as listed equity. The matter settled on June 11, 2025, for $30,750. Rubin did not contribute to the settlement.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A broker should match the recommendation to the customer’s profile. That profile can include risk tolerance, time horizon, and liquidity needs. Complaints about unsuitable investments may raise questions about how the recommendation fit those facts.

Rule Summary #2: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 limits discretionary trading in customer accounts. A broker generally needs prior written authority before using discretion. Unauthorized trading complaints may raise questions about whether the customer approved the transaction.

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 his FINRA BrokerCheck report, Mark Rubin:

Is currently registered with Raymond James & Associates, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Mark Rubin has passed Series 7. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Morgan Stanley, Citigroup Global Markets Inc., Lehman Brothers Inc., and Ampal Securities Corporation.

Kurta Law Can Help

If you have worked with Mark Rubin and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Unauthorized Trading

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 and explain possible next steps.