Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 3, 2017 indicate that New York-based Oberon Securities broker Mark Horan has been the subject of customer complaints and a FINRA sanction. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Horan (CRD# 2130737).
Mark Horan has spent 21 years in the securities industry and has been registered with Oberon Securities in New York, New York since December 2016. Previous registrations include Oldfield Capital Group in New York, New York; Cavu Securities in New York, New York; UBS Financial Services in Florham Park, New Jersey; and Merrill Lynch in Florham Park, New Jersey. He is currently not registered with any state or firm.
According to his BrokerCheck report, Mark Horan has received one FINRA sanction and six customer complaints.
In 2015 a customer alleged Mark Horan, while employed at UBS Financial Services, didn’t disclose that an investment was unapproved by UBS and failed to disclose a conflict of interest. The complaint settled for $350,000.
In 2014 FINRA sanctioned Mark Horan in connection to allegations he participated in a private securities transaction. He was issued an 18-month suspension from acting in a general securities capacity and was fined $15,000.
In 2012 he was terminated from his position at UBS Financial Services following allegations he “received company warrants from [a] privately held company to which he had introduced UBS clients and others.”
In 2008 a customer alleged Mark Horan, while employed at UBS Financial Services, sold an auction rate security prior to widespread illiquidity in the market for auction rate securities. The firm repurchased the security at par value, for $3,650,000.
In 2002 a customer alleged he, while employed at Merrill Lynch, recommended speculative high yield bond funds. The complaint settled for $70,000.
If you have complaints regarding Mark Horan, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.