Mark Rychel Allegedly Recommended Unsuitable Oil and Gas Investment
Mark Rychel (CRD #: 2262582), a broker registered with Lincoln Financial Securities, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on July 16, 2022. Investors may also have engaged Mark Rychel’s services through BCR Financial Services. If you have questions about his conduct as a broker, keep reading.
In a dispute filed on April 29, 2022, an investor alleges that Mark Rychel recommended an unsuitable oil and gas investment. This dispute remains pending.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to take their investor’s profile into account when making investment recommendations. Investors’ profiles describe various client characteristics, such as their age, tax status, and overall financial situation.
Investors who rely on their broker for recommendations may be able to recover their losses through FINRA arbitration.
Mark Rychel 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
- Series 4 – Registered Options Principal Examination
- Series 24 – General Securities Principal Examination
Mark Rychel is a registered broker in 48 states, Puerto Rico, and the District of Columbia. He is also a registered investment adviser in Florida, Ohio, Pennsylvania, and West Virginia.
He has also worked for the following firms:
- American Express Financial Advisors (CRD#:6363)
- IDS Life Insurance Company (CRD#:6321)
- American Express Service Corporation (CRD#:10518)
- Polaris Financial Services (CRD#:14521)
Kurta Law Can Help
If you worked with Mark Rychel and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.