Mark Stewart Involved in GWG L Bond Dispute

Mark Stewart (CRD #: 2074085), a broker registered with M Stevens Securities, is the subject of a pending dispute, according to his BrokerCheck record, accessed on February 9, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On August 2, 2022, an investor alleged that Mark Stewart recommended unsuitable GWG L Bonds in October 2018. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consult the information described in the 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 feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Mark Stewart has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 99TO – Operations Professional Examination
• Series 82TO – Limited Representative-Private Securities Offerings
• Series 79TO – Investment Banking Registered Representative Examination
• Series 57TO – Securities Trader Exam
• Series 52TO – Municipal Securities Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 55 – Limited Representative-Equity Trader Exam
• Series 7 – General Securities Representative Examination
• Series 14 – Compliance Officer Examination
• Series 27 – Financial and Operations Principal Examination
• Series 53 – Municipal Securities Principal Examination
• Series 4 – Registered Options Principal Examination
• Series 24 – General Securities Principal Examination

Mark Stewart is a registered broker in California and New York. He is also a registered investment adviser in California, Nevada, Texas, and Washington.

He has also worked for the following firms:

• Kingswood Capital Partners (CRD#:288898)
• Accelerated Capital Group (CRD#:41270)
• American Asset Advisory (CRD#:168444)
• Ascendiant Capital Markets (CRD#:152912)
• Finance 500 (CRD#:12981)
• Equity Trust Advisors (CRD#:44799)
• D. E. Wine Investments (CRD#:21188)
• Equitrade Securities Corporation (CRD#:29558)
• Quest Capital Strategies (CRD#:16783)
• American Express Financial Advisors (CRD#:6363)
• IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Mark Stewart 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.