Mark Reinking Accused Of Both Fraudulent And Negligent Behavior
November 8, 2018
The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Mark Reinking. According to his publicly available FINRA BrokerCheck report, Mark Reinking is presently the subject of two customer disputes.
Mark Reinking was a Colorado based securities broker. He worked in the securities industry for twenty-seven years. During his career, he was registered with six different securities firms.
His Registrations
- First American National Securities (1987-1992)
- IFG Network Securities (1992-1993)
- Intersecurities (1993-1997)
- Sunset Financial Services (1997-2010)
- Centaurus Financial (2010-2013)
- Leaders Group (2015-2017)
The Allegations
Mark Reinking is presently the subject of two pending customer disputes with identical allegations. The customers in these cases have alleged that Mark Reinking breached his fiduciary duty, engaged in fraud, breached contract, handled their account negligently, and made negligent misrepresentations. The first claim was filed in January 2018. The customers in this case are seeking $1 million in damages. The second claim was filed in April 2018. The customer in this case is seeking $300,000 in damages.
What Does This Mean?
Investment fraud occurs when a less than scrupulous securities broker intentionally deceives an investor in some form or another. This deception often leads to financial harm to the investor and is committed by the broker to further their own interests.
However, investors can also experience serious financial detriment due to a securities broker's negligence. This occurs when a broker does something that unintentionally harmed an investor. However, the broker is not let off the hook as securities brokers are expected to perform their jobs to a degree adequate enough to prevent negligent mistakes from taking place.
Regardless of a securities broker's intent, investors can experience serious financial harm due to their misdeeds. This why it important that securities firms are held liable for the actions of their registered securities brokers--so that harmed investors can one day be made whole again.
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 Reinking, 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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