Published on:

Marlon O’Cole (Legend Securities Broker) Faces Complaint

Marlon O’ColeThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against New York-based Avenir broker Marlon O’Cole (CRD# 5054806).

Marlon O’Cole has spent nine years in the securities industry and has been registered with Avenir Financial Group in New York, New York since 2015. Previous registrations include Blackbook Capital in New York, New York (2015); EJ Sterling in New York, New York (2014-2015); Legend Securities in New York, New York (2013-2014); Liberty Partners in Melville, New York (2011-2013); Global Arena Capital in New York, New York (2010-2011); Prestige Financial Center in New York, New York (2008-2010); Meyers Associates in New York, New York (2006-2008); and PHD Capital (2006). Two of his former employers, Global Arena Capital and Prestige Financial Center, have since been expelled by the Financial Industry Regulatory Authority (FINRA). Mr. O’Cole is a registered broker with three US states: California, Georgia, and New York.

According to his BrokerCheck report, Marlon O’Cole is the subject of one regulatory sanction, three customer complaints, and two pending customer complaints.

  • In 2015 a customer alleged Marlon O’Cole, while employed at Legend Securities, “wasted over $80,000 of his savings without his permission.” The customer is seeking $250,000 in damages in the pending complaint.
  • In 2015 a customer alleged Marlon O’Cole, while employed at Legend Securities, executed unauthorized trades that resulted in losses. The customer is seeking more than $12,200 in damages in the pending complaint.
  • In 2014 a customer alleged Marlon O’Cole, while employed at Legend Securities, executed an unauthorized purchase of 8,000 shares of Plug Power. The complaint reached a non-monetary settlement.
  • In 2014 a customer alleged Marlon O’Cole, while employed at Legend Securities, executed an unauthorized over-buy of shares in Yahoo and an unauthorized purchase of TXMD shares. The complaint settled for more than $9,600.
  • In 2009 a customer alleged Marlon O’Cole, while employed at Legend Securities, engaged in unauthorized trading. The complaint settled for $28,000, to which Mr. O’Cole individually contributed $28,000.
  • In 2009 the Alabama Securities Commission sanctioned Marlon O’Cole following allegations he executed unauthorized transactions while employed at Prestige Financial Center. Mr. O’Cole was issued a fine of $10,000.

If you have lost money investing with Marlon O’Cole, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.