Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that New York-based Dawson James broker Mark Kalter has been sanctioned by FINRA and received resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kalter (CRD# 1998911).
Mark Kalter has spent 23 years in the securities industry and has been registered with Dawson James Securities in New York, New York since February 2016 previous registrations include Woodstock Financial Group in Garden City, New York; Meyers Pollock Robbins, which has since been expelled by FINRA, in New York, New York; Monitor Investment Group, which has since been expelled by FINRA; Biltmore Securities, which has since been expelled by FINRA, in Fort Lauderdale, Florida; Windsor Reynolds Securities in Honolulu, Hawaii; Stratton Oakmont, which has since been expelled by FINRA, in Lake Success, New York; and Smith Barney Harris Upham in New York, New York. He is a registered broker with eight US states and territories: Michigan, Minnesota, New York, Ohio, Pennsylvania, Texas, Virginia, and Washington.
According to his BrokerCheck report, Mark Kalter has received one customer complaint, one pending customer complaint, and two regulatory sanctions.
In March 2016, a customer alleged Mark Kalter, while employed at Woodstock Financial Group, violated the Securities Act of 1934, engaged in churning or excessive trading, breached his fiduciary duty, negligently failed to supervise, and committed fraud. The customer is seeking $182,000 in damages in the pending complaint.
In 2014, FINRA sanctioned Mark Kalter following allegations he, with two other registered representatives, attempted to settle a customer complaint away from his member firm, Woodstock Financial Group. He was issued a 10-day suspension.
In 2012, a customer alleged Mark Kalter, while employed at Woodstock Financial Group, made unsuitable investment recommendations and purchased shares of a stock without authorization. The complaint settled in 2013 for $46,500, to which Mr. Kalter individually contributed $4,900.
In 1996, the Georgia Securities Commissioner sanctioned Mark Kalter following allegations he was “not of good business reputation” and did “not appear qualified by training or experience to act as a securities salesman.” His registration in Georgia was denied.
If you or someone you know has a complaint regarding Mark Kalter, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.