The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Mark Tudor. According to his publicly available FINRA BrokerCheck report, Mark Tudor has been the subject of a customer dispute.

Mark Tudor was a Florida based securities broker. He worked in the securities industry for twenty-one years. During his career, he was registered with six different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Chatfield Dean & Co. (1997)
  • First Union Brokerage Services (1997-2000)
  • Wachovia Securities (2000-2009)
  • Morgan Keegan & Company (2009-2013)
  • Raymond James & Associates (2013-2018)

The Allegations

In September 2018, a customer alleged that Mark Tudor engaged in selling away, breached contract, committed fraud, managed their account negligently, breached his fiduciary duty, recommended unsuitable investments, and made material misrepresentations and omissions of material facts. This case was settled for $40,000 in damages. Mark Tudor was terminated from his position at Raymond James in October 2018 following the allegations.

What Does This Mean?

The term “selling away” is used when securities brokers begin recommending investments outside the scope of their member firms. These types of investments are usually unapproved private securities that do not trade on any public securities exchanges. These types of investments can often prove harmful to investors due to their speculative and illiquid nature. Securities firms are supposed to adequately monitor their registered brokers to prevent them from engaging in any outside activities that can prove harmful to member firm customers.

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 Tudor, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.