Mark Cramer Allegedly Forges Variable Annuity Documents
March 8, 2019
The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Mark Cramer. According to his publicly available FINRA BrokerCheck report, Mark Cramer has been the subject of a customer dispute in his career.
Mark Cramer is an Ohio based securities broker. He has worked in the securities industry for thirty-five years. During his career, he has been registered with three different securities firms.
His Registrations
- Metropolitan Life Insurance Company (1984-2007)
- MSI Financial Services (1984-2017)
- MML Investors Services (2017-Present)
The Allegations
In April 2018, a customer alleged that Mark Cramer forged documents to purchase them a variable annuity. This case was settled for $456,990 in damages. He was officially sanctioned by FINRA in October 2019 due to these alleged actions. FINRA fined him $5,000 and suspended him from acting as a securities broker in any fashion for a period of two months.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages. Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Mark Cramer, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.
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