(Updated November 30, 2018)
Mark Sam Kolta Allegedly Engaged in Unsuitability, Misrepresentations & Negligence; Four Pending Customer Disputes are Requesting Amounts between $120K & $450K
Mark Kolta, a New York broker, is facing four pending customer disputes requesting amounts between $120,000 and $450,000 for alleged unsuitability, misrepresentations and negligence, according to FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Mark Kolta’s alleged unsuitability, misrepresentations and negligence. Investors who believe they may have lost money in activity related to Mark Kolta’s alleged unsuitability, misrepresentations and negligence are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Mark Kolta Had at Least 13 Customer Disputes & 10 Years in the Securities Industry with 6 Firms
Mark Kolta is facing a pending customer dispute filed on October 1, 2018, which alleges misrepresentations and negligence, breach of fiduciary duty, and breach of contract, and is requesting damage amount of $422,000, FINRA notes.
Another pending customer dispute filed on July 16, 2018 against Kolta alleges breach of fiduciary duty, negligence, misrepresentations and unsuitable recommendations, and is requesting damage amount of $120,000.00, and a pending customer dispute filed on June 4, 2018 alleges misrepresentations, unsuitable recommendations, breach of fiduciary duty, and breach of contract and negligence, FINRA notes, and is requesting damage amount of $450,000.
Kolta had at least 13 customer disputes in his 10 year career in the securities industry, and has worked with 6 firms, FINRA stated. Kolta has been working at Wooden Capital Management in Garden City, NY since April 6, 2018.
Mark Kolta was also registered with the following firms, FINRA notes:
• Aegis Capital Corp. from June 8, 2017 until February 20, 2018, New York, NY
• National Securities Corporation from September 12, 2013 until June 2, 2017, New York, NY
• Cetera Advisors LLC from November 25, 2011 until September 27, 2013, New York, NY
• Chase Investment Services Corp. from April 30, 2008 until December 16, 2011, New York, NY
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 mentioned in this article, unless otherwise indicated.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Mark Kolta’s alleged unsuitability, misrepresentations and negligence. The firm takes most cases of this type on a contingency fee basis and advance 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, and 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 Mark Kolta’s alleged unsuitability, misrepresentations and negligence may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.