Mark Sonntag Named in Dispute Involving GWG L Bonds

Mark Sonntag (CRD #: 1939350), a broker registered with B. Riley Wealth Management, is the subject of a pending dispute, according to his BrokerCheck record, accessed on August 5, 2022. Investors may also have worked with him through B. Riley Wealth Advisors. Read on if you have questions about his conduct as a broker.

Investor Dispute

On May 26, 2022, an investor named Mark Sonntag in a dispute involving an unsuitable investment in GWG Holdings L Bonds. The client seeks $75,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately suit investors’ financial goals. Brokers must evaluate the information described in an investor’s profile, including the following characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investment will be held)
• Investing experience
• Tax status

Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Mark Sonntag 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 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Mark Sonntag is a registered broker in 15 states and a registered investment adviser in Florida.

He has also worked for the following firms:

• National Securities Corporation (CRD#:7569)
• Cambridge Investment Research (CRD#:39543)
• Schlager Sonntag & Levin (CRD#:144104)
• Cambridge Investment Research Advisors (CRD#:134139)
• Asset & Financial Planning (CRD#:110709)
• Prime Capital Services (CRD#:18334)
• Nathan & Lewis Securities (CRD#:8503)
• New England Securities (CRD#:615)
• Lincoln Financial Advisors (CRD#:3978)
• The Lincoln National Life Insurance Company (CRD#:2580)
• John Hancock Distributors (CRD#:468)
• John Hancock Mutual Life Insurance Company (CRD#:5181)

Kurta Law Can Help

If you worked with Mark Sonntag 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.