The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Mark E. Jones. According to his publicly available FINRA BrokerCheck report, Mark E. Jones has been the subject of multiple customer disputes over the course of his career.

Mark E. Jones is a Colorado based securities broker. He has worked in the securities industry for forty-five years. During his career, he has been registered with four different securities firms.

His Registrations

  • Independent Securities Corporation (1972-1974)
  • American Growth Fund Sponsors (1974-1976)
  • American Western Securities (1977-1978)
  • Merrill Lynch (1978-Present)

The Allegations

  • In October 1990, a customer alleged that Mark E. Jones executed unsuitable transactions in her account. This case was settled for $40,000 in damages.
  • In April 2002, a customer alleged that Mark E. Jones recommended unsuitable securities. This case went to arbitration where the customer was awarded $400,000 in damages.
  • In April 2007, a customer alleged that they experienced significant losses due to unsuitable derivatives Mark E. Jones placed them in. The customer also alleged that Mark E. Jones engaged in an unauthorized use of discretion. This case was settled for $387,616 in damages.
  • In May 2009, a customer alleged that Mark E. Jones failed to follow instructions. This case was settled fro $12,000 in damages.
  • In February 2014, customers alleged that Mark E. Jones recommended unsuitable securities and misrepresented and omitted material facts. This case was settled for $26,250 in damages.
  • In May 2019, a customer alleged that Mark E. Jones misrepresented key details. This case is currently pending. The customer is seeking an undisclosed amount in damages.

Misrepresentation

Securities brokers are obligated to provide their customers with all of the pertinent information about potential investments. When securities brokers leave out relevant information, it is known as omission. When securities brokers provide their customers with falsified information, it is known as misrepresentation. This can be done either on purpose in a fraudulent attempt to convince investors to purchase securities that they shouldn’t, or it can be done on accident through the broker’s own negligence. Regardless of intent, misrepresentation is detrimental to investors because it can cause them to purchase securities they would not have otherwise purchased.

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 E. Jones, please contact Oakes & Fosher for a free and private consultation.