Mark Alan Kemp, a currently registered broker and investment adviser, is subject to multiple customer dispute disclosures alleging negligence, unsuitable investment recommendations, and breach of fiduciary duty, among others, according to his Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding Kemp’s customer dispute disclosures. Investors who are concerned about their investments with Mark Kemp may contact Alan Rosca and his colleagues for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our webpage.
Kemp Is Subject to Multiple Customer Dispute Disclosures
- A customer dispute disclosure was reportedly made in March of 2023 (Case #: 23-00392). The customer alleged unsuitable recommendations and overconcentration and requested $555,928 in alleged damages.
- Broker Mark Kemp was reportedly subject to a customer dispute disclosure received in April of 2022 (Case #: 22-00728). The claimant alleged unsuitable recommendations relating to reverse convertible securities and requested $157,600.
- Another customer dispute disclosure was allegedly filed in July of 2021 and alleged negligent misrepresentation, breach of fiduciary duty, and breach of contract, among others (Case #: 21-01777). The claimant reportedly requested $370,006.75.
- Broker Mark Kemp was allegedly subject to a customer dispute disclosure filed in November of 2017 (Case #: 17-03103). The claimant alleged a violation of negligent misrepresentation and breach of fiduciary duty, among others. $100,000 was requested and the dispute was reportedly settled for $9,950.
- In September of 2009, a customer dispute disclosure was allegedly disclosed on Kemp’s Brokercheck (Case #: 09-05086). The clients alleged unauthorized trading and unsuitable recommendations relating to securities and annuities and requested $320,000 in damages. The dispute reportedly settled for $43,000.
- Another customer dispute disclosure was reportedly received in June of 2009 (Case #: 09-03476), which alleged unsuitable recommendations and strategies and unauthorized trading. $538,900 was requested in alleged damages and the reported settlement was $145,000.
- A customer dispute disclosure was allegedly received in March of 2009 (Case #: 09-03476). The client alleged unauthorized trading relating to a trade in their variable annuity and requested $13,455.
- In September of 2000, a customer dispute disclosure was reportedly added to Mark Kemp’s Brokercheck disclosing a case filed in the District Court of Nueces County, TX (case no. 00-4498C). The case reportedly alleged false representations and fraud relating to the sale of World Home Industries securities and alleged $300,000 in damages. Another similar customer dispute disclosure dated December 1999, disclosed a second case filed in the same court, under case no. 98-6057F. The case alleged civil conspiracy and misrepresentations to fraudulently induce plaintiff to purchase Worldhome Industries and reportedly asked for $100,000 in damages. A third case making similar allegations was reportedly filed in the same court under case no. 98-6029-D. According to the Brokercheck disclosures, the three disputes were reportedly settled as part of a joint settlement for $1,133,000.
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. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by Mark A. Kemp, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Concerned about investments with
Mark Kemp Has Been a Registered Broker Since 1990
According to his Brokercheck, Mark Kemp currently serves as a broker (since 2010) and investment adviser (since 2018) with McNally Financial Services Corporation, located in Corpus Christi, Texas.
From 2008 to 2009, Kemp reportedly was registered as a broker with Next Financial Group, Inc., in its Corpus Christi, Texas office. Kemp allegedly was employed as a broker by Hornor, Townsend & Kent, Inc., in Corpus Christi, Texas, from 1999 to 2008.
Potential Compensation Claims for Concerned Mark Kemp Customers
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding currently registered broker and investment adviser Mark Kemp’s customer dispute disclosure alleging unsuitable recommendations, negligence, and breach of fiduciary duty, among others.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment loss lawyer and former adjunct professor of securities regulation, has over 14 years of experience representing investors in cases alleging broker misconduct.
Investors who are concerned about their investments with Mark Kemp may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our webpage.
