Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 20, 2017 indicate that Oregon-based Ameriprise Financial Services broker/adviser Mark Degner has been sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Degner (CRD# 2364726).
Mark Degner has spent 24 years in the securities industry and has been registered with Ameriprise Financial Services in Medford, Oregon since March 2017. Previous registrations include LPL Financial in Medford, Oregon (1999-2017); Merrill Lynch in New York, New York (1995-1999); Smith Barney in New York, New York (1993-1995); and Lehman Brothers in New York, New York (1993). He has passed five securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on April 25, 2003; Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 9, 1993; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 9, 1993; Series 7 (General Securities Representative Examination), which he obtained on July 7, 1993; and Series 24 (General Securities Principal Examination), which he obtained on June 1, 1999. He is a registered broker and investment adviser with 26 US states and territories: Alaska, Arizona, California, Colorado, Florida, Hawaii, Idaho, Illinois, Iowa, Louisiana, Massachusetts, Montana, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.
According to his BrokerCheck report, he has received one FINRA sanction.
In February 2018 FINRA sanctioned Mark Degner in connection to allegations he “negligently made material misstatements in connection with the sale of 20-year interest rate-linked certificates of deposit” to elderly clients, and misrepresented the investments as not subject to survivor benefit limitations, though they were subject to such. FINRA’s findings state that based on his recommendation, the five clients in question purchased $685,000 worth of CDs, and that because of the survivor benefit limitation, two of the clients’ estates were unable to fully redeem the products. FINRA found that due to the recommendations, the five clients or their estates suffered losses totaling approximately $75,000. He was issued a 20-day suspension and a fine of $7,500.
If you have complaints regarding Mark Degner, 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 by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.