Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 22, 2017 indicate that former Utah-based First Western Advisors broker/adviser Mark Sumsion has been the subject of customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Sumsion (CRD# 1812582).
Mark Sumsion has spent 28 years in the securities industry and was most recently registered with First Western Advisors in Provo, Utah; (2012-2017). Previous registrations include Liberty Partners Financial Services in Provo, Utah; Stonehurst Securities in Provo, Utah; Brecek & Young Advisors in Provo, Utah; Rydex Distributors in Rockville, Maryland; Freedom Financial in Omaha, Nebraska; Securities Service Network in Knoxville, Tennessee; Securities America in La Vista, Nebraska; and Shearson Lehman Hutton in New York, New York. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints.
In 2011 a customer alleged Mark Sumsion, while employed at Stonehurst Securities, breached his fiduciary duty, acted negligently, misrepresented material facts, committed fraud, and committed fiduciary abuse of disabled persons under the Welfare and Institutions Code. The complaint settled in 2012 for $130,000.
In 2010 a customer alleged Mark Sumsion, while employed at Stonehurst Securities, misrepresented and recommended unsuitable investments in three private placements: The LBS Fund, Paradise Dental and Exeter Dental. The complaint settled in 2012 for $160,000.
If you or someone you know has lost money investing with Mark Sumsion, 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.