Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 28, 2016 indicate that New York-based Citigroup Global Markets broker/adviser Seth Marcus is the subject of settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Marcus (CRD# 2539153).
Seth Marcus has spent 18 years in the securities industry and has been registered with Citigroup Global Markets in New York, New York since 2007. He was previously registered with Citicorp Investment Services in New York, New York (1997-2007). He is a registered broker and investment adviser in 43 US states and territories.
According to his BrokerCheck report, Seth Marcus is the subject of one customer complaint, one pending customer complaint, and three denied customer complaints.
In January 2016, a customer alleged that Seth Marcus, while employed at Citigroup Global Markets, “recommended a risky investment and overly invested in one group of mutual funds which has produced a loss between $55k-$66k.” The customer is seeking $55,000 in damages in the pending complaint.
In 2004, a customer alleged that Seth Marcus, while employed at Citicorp Investment Services, recommended unsuitable investments involving mutual funds. The complaint settled in 2006 for $70,000.
In 2003, a customer alleged that Seth Marcus, while employed at Citicorp Investment Services, misrepresented material facts related to an investment. The customer sought damages exceeding $20,100 in the complaint, which was denied.
If you have lost money investing with Seth Marcus, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect 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.