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Mark Thompson Embroiled in a $1 Million Dispute

May 13, 2022 Unsuitable Investments

Mark Thompson (CRD #: 4632270), a broker registered with Arkadios Capital, is facing allegations of overconcentration and negligence, according to his BrokerCheck record, accessed on May 12, 2022. Keep reading for more information.

On March 2, 2022, an investor alleged that Mark Thompson violated FINRA Rule 2111 when he recommended unsuitable, alternative investments and overconcentrated their portfolio. The investor is seeking $1,000,000 and the dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor's profile. An investor's profile includes information about their risk tolerance, financial goals, and age. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

  • Investments can be unsuitable because they are high risk and likely to lose money (like alternative investments).
  • These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector.

There is a similar dispute from just two years earlier. On July 27, 2020, an investor alleged that Mark Thompson recommended unsuitable investments. The dispute was settled for $138,000.

Background Information

Mark Thompson has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

He is a registered broker in six states and is a registered investment adviser in Georgia.

Mark Thompson has worked with the following firms:

  • Arkadios Capital (CRD #: 282710)
  • EPG Wealth Management (CRD #: 302075)
  • ACG Wealth (CRD #: 150419)
  • Triad Advisors (CRD #: 25803)
  • LPL Financial Corporation (CRD #: 6413)
  • Lincoln Financial Advisors Corporation (CRD #: 3978)

Kurta Law Can Help

If you worked with Mark Thompson 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.