Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 12, 2018 indicate that Texas-based McNally Financial Services Corporation broker Mark Kemp has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kemp (CRD# 2057200).
Mark Kemp has spent 27years in the securities industry and has been registered with McNally Financial Services in San Antonio, Texas since 2010. Previous registrations include Next Financial Group in Corpus Christi, Texas (2008-2009); Hornor Townsend & Kent in Corpus Christi, Texas (1999-2008); Mony Securities Corporation in New York, New York (1990-1998); and the Mutual Life Insurance Company of New York in New York, New York (1990). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 7, 1990; Series 7 (General Securities Representative Examination), which he obtained on August 8, 2005; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 8, 1990. He is a registered broker with eight US states: Arkansas, California, Louisiana, New Mexico, Oklahoma, Oregon, South Carolina, and Texas.
According to his BrokerCheck report, he has received six customer complaints, one pending customer complaint, and one regulatory sanction, and he was discharged from two former employers in connection to alleged rule violations.
In November 2017 a customer alleged Mark Kemp, while employed at McNally Financial Services Corporation, committed common law fraud, negligently misrepresented material facts, breached his fiduciary duty, and acted negligently. The customer is seeking $100,000 in damages in the pending complaint.
In 2012 FINRA sanctioned Mark Kemp in connection to allegations he mis-marked order tickets as unsolicited when they were solicited. He was suspended for five days and issued a fine of $5,000.
In 2009 he was terminated from his position at Next Financial Group following allegations he solicited a penny stock investment in violation of firm policies and that he failed to observe high standards of commercial order and equitable principal trade.
In 2009 a customer alleged Mark Kemp, while employed at Hornor Townsend & Kent and Next Financial Group, failed to follow instructions, effected unauthorized trades, made unsuitable investment recommendations, and offered misleading advice. The complaint for $145,000.
In 2000 a customer alleged he, while employed at Mony Securities Corporation, misrepresented material facts related to an investment. The complaint settled for $1,333,000.
In 1998 a customer alleged he, while employed at Mony Securities Corporation, made false representations regarding the sale of World Home stock. The complaint settled for $345,000.
In 1998 he was terminated from his position at Mony Securities Corporation in connection to allegations he sold securities away from his member firm.
If you or someone you know has lost money investing with Mark Kemp, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: 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.