Mark Sachse Allegedly Over-Concentrated a Customers Account

Mark Sachse

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 8, 2018 indicate that Oklahoma-based Purshe Kaplan Sterling broker/adviser Mark Sachse has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Sachse (CRD# 2198070).

Mark Sachse has spent 20 years in the securities industry and has been registered with Purshe Kaplan Sterling Investments in Oklahoma City, Oklahoma since October 2017. Previous registrations include Wunderlich Securities in Dallas, Texas (2012-2017); Southwest Securities in Dallas, Texas (2002-2012); RBC Dain Rauscher in New York, New York (1998-2002); Dain Rauscher (1998); and Rauscher Pierce Refsnes in Dallas, Texas (1997-1998). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 5, 1997; Series 7 (General Securities Representative Examination), which he obtained on July 16, 1997; Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on May 29, 2003; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on. He is a registered broker with eight US states: Alabama, Arkansas, Georgia, Illinois, Kansas, Oklahoma, Tennessee, and Texas.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one denied customer complaint.

In September 2017 a customer alleged Mark Sachse, while employed at RBC Dain Rauscher, over-concentrated the account in unsuitable, risky securities, including exchange-traded products. The customer is seeking unspecified damages in the pending complaint.

In 2004 a customer alleged Mark Sachse, while employed at RBC Dain Rauscher, executed unauthorized trades and used margin without authorization. The customer sought $31,500 in the complaint, which was denied.

In 1999 a customer alleged Mark Sachse, while employed at RBC Dain Rauscher, failed to diversify the account. The complaint settled for $80,000.

If you or someone you know has lost money investing with Mark Sachse, call the experienced attorneys at 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.