Mark Reffett, aka Alex Reffett, a broker and investment adviser based in Atlanta Georgia, is the subject of a pending customer dispute instituted against him on the allegation of unsuitability of investment recommendations and strategy according to an investigation by attorney Alan Rosca.
Investor attorney Alan Rosca of the Rosca Scarlato LLC law firm, is investigating conduct related to the pending customer dispute instituted against Mark Alexander Reffett on the allegations of unsuitability of investment recommendations and strategy.
Mark Reffett is currently registered with Arkadios Capital, ACG Wealth Inc, and EPG Wealth Management LLC, all of which are based in Atlanta Georgia.
The firms are Financial Industry Regulatory Authority (FINRA) member firms. He has been registered with Arkadios Capital since 6th March, 2017 and in the employment of EPG Wealth Management LLC since 3rd June, 2019.
He became registered with ACG Wealth on 20th June, 2013. He was in the employment of the firms when he carried out the alleged acts leading to the pending customer dispute.
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Mark Alex Reffett Is the Subject of a Pending Customer Dispute
Publicly available information reviewed by the investor attorney shows that Mark Alex Reffett was named defendant in a pending customer dispute initiated in 2020 according to the reports on his FINRA Brokercheck page.
The dispute was initiated on 15th May, 2020 against Mark Reffett with the client making the allegations that he employed an unsuitable investment strategy in alternative investments between the period of 2014 and 2016. The client in this dispute is seeking to recover $1,575,881 in damages at the resolution of the dispute.
Generally speaking, alternative investments could be said to be investments options that do not fall under the category of the general or conventional investments. This could be said to mean that alternative investments are investment options that are not either equities, debt investments or cash. Some of the investments that could be classified as alternative investments include commodities, real estate, paintings and arts among others.
Considering the types of alternative investments, it can be said that alternative investments are less liquid compared to the conventional investment options. For instance, it is relatively easier and faster to sell off a stock and get cash than it is to sell a real estate investment.
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Alternative investments also tend to be more expensive to invest into. Using the same example cited above, investing into real estate will be done for a higher cost depending on the value of the real estate. However, this cost is usually higher than the minimum amount required to invest in stocks or debt instruments.
In addition to this, investing in alternative investments could be more complex compared to investments in conventional securities. Conventional securities usually have readily available public information in the mandatory prospectus required to be published by various securities regulations.
Some alternative investments on the other hand might not have readily available public information as there might not be a requirement to publish such information. This could potentially make due diligence into the investments more difficult. Owing to the nature of alternative investments, brokers and investment advisers are expected to have proper and suitable strategies to facilitate their investments to maximize profits and avoid losses not doing so, could make them liable for losses incurred.
It should be noted that this is only for informational purposes and does not, in any way, constitute the opinion of the firm or legal advice. Investors who believe they have legal claims should reach out to an experienced attorney and seek legal advice for their specific situation.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Securities Lawyer Investigating On Behalf of Reffett Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating conduct related to Mark Alexander Reffett’s pending customer dispute on the allegations of unsuitability of investments recommendation and strategy.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of conducts related to Mark Reffett’s pending customer dispute on the allegations of unsuitability of investments recommendation and strategy, may contact attorney Alan Rosca for afree no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.