Mark Otta: Complaint for ETF Investments

Mark OttaCalifornia-based RBC Capital Markets broker/adviser Mark Otta is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Otta (CRD# 2590012).

Mark Otta has spent twenty years in the securities industry and has been registered with RBC Capital Markets in Fresno, California since 2002. Previous registrations include Sutro & Company in San Francisco, California (1998-2002) and Smith Barney in New York, New York (1995-1998). He is a registered broker and investment adviser with seventeen US states and territories: Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Missouri, Montana, Nevada, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Vermont, and Washington.

According to his BrokerCheck report, Mark Otta is the subject of one pending customer complaint and one regulatory sanction, and was discharged from his position at Smith Barney.

In November 2015 a customer alleged Mark Otta, while employed at RBC Capital Markets, did not exercise proper supervision over two mutual fund and exchange-traded fund purchases. The customer is seeking damages exceeding $47,700 in the pending complaint.

In 1998 the State of Hawaii sanctioned Mark Otta following allegations he transacted business in the state prior to his registration as a salesperson. He was issued a fine of $750.

In 1998 Mark Otta was discharged from his position at Smith Barney following allegations he violated firm policy regarding correspondence.

If you have lost money investing with Mark Otta, you may be able 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: Fitapelli Kurta only gets paid if and when you collect funds.  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.

This information is based on publicly available documents provided by FINRA on March 21, 2016.