At Least Two of Marc Menton’s Customers Have Pending Disputes Accusing the Former Arizona Investment Adviser and Broker of Alleged Impropriety
A review of Marc Menton‘s Financial Industry Regulatory Authority, Inc. (FINRA) Brokercheck Report by securities attorney Alan Rosca reveals that two former Arizona broker’s customers filed disputes against him during May of 2020. Menton‘s previous clients were claiming at least $540,000 in losses.
One of the former Oppenheimer & Co. Inc. broker’s customers accuses him of negligence, fraud and various duty breaches across nine years beginning in 2010. Another claimant alleges that broker Menton provided them with unsuitable investment recommendations for six years starting in January 2014.
Securities attorney Alan Rosca and his Rosca Scarlato LLC colleagues aim to represent investors who claim significant assets losses due to investment advisers’ potential deceptive tactics. Rosca and his fellow lawyers are actively investigating all customer disputes brought forth by Marc Menton’s customers in recent months and others throughout his 31-year career. Anyone who has utilized Menton’s services should reach out to Alan Rosca or his lawyer colleagues at 888-998-0530 or arosca@rscounsel.law to discuss their experiences with him and options that may be available to them if they unearth any impropriety.
Marc Menton Settled at Least Four Other Claims During His Tenure at Oppenheimer & Co. Inc.
Menton started working at the Scottsdale-based Oppenheimer & Co. Inc. beginning in December 1988. The former broker’s FINRA Brokercheck Report shows all of his previous customer disputes happened during his 31-year tenure working for this employer. He was previously an employee of Greentree Securities Corp. for less than a year soon after passing his Series 63 Arizona broker exam in August of 1988.
One Recent Customer Alleges Menton’s Actions Resulted in Nearly a Half Million Dollars in Losses
One of broker Marc Menton’s former clients who worked with him from January of 2010 to December of 2019, claims up to $485,000 in losses. They accused him of breaching various duties he had to them, including allegedly violating the terms of their contract and his fiduciary responsibilities. The former client also accuses Menton of having breached the implied covenant of good faith and fair dealing as he worked with them. That same former client also accused Menton of unsuitability, elder abuse and both negligent and fraudulent concealment and misrepresentation when filing their claim against him.
Another Recent Menton Customer Accuses Him of Unsuitability
A former customer of Marc Menton also filed a claim this past May alleging that the former Arizona investment adviser made various unsuitable investments in their account between January of 2014 and the same month in 2020. That claimant reports up to $55,000 in losses due to Menton’s alleged impropriety.
Broker Marc Menton Has Settled or Lost At Least Four Other Customer Disputes During His 31-Year Investment Adviser Career
One of the more recently settled claims reported on Marc Menton’s FINRA Brokercheck Report is from 2010. It shows that Menton settled with the customer for $45,000 after he and another broker reportedly made unsuitable investments in their client’s account for five years beginning in November of 2005.
Broker Marc Menton settled another customer dispute in 2010 for $150,000 after the claimant accused him of engaging in risky and excessive trading practices across four years starting in January of 2006.
Menton’s FINRA Brokercheck Report also shows that he was sanctioned by the Chicago Board Options Exchange (CBOE) in 1995. The exchange holding company imposed a $3,000 fine and censured the broker for his last-minute handling of a covered call and option buyback situation.
Another customer dispute filed against Menton in 1993 resulted in the $34,000 settlement in favor of the broker’s former client. A fifth claim made by one of Arizona’s investment adviser’s customers in 1991 resulted in a $50,000 arbitrated settlement in favor of the claimant.
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.
Your Next Steps If You’re a Former Customer of Marc Menton
The securities attorneys at Rosca Scarlato LLC have extensive experience working with investors who have lost sizeable financial assets due to their investment advisers’ and brokers’ breaches of fiduciary duty, fraud and unsuitable recommendations. Attorney Alan Rosca is currently investigating customer disputes. He would like for Marc Menton’s former clients to consult with him regarding their experience in working with the Arizona broker and, more specifically, any concerns regarding losses they may have suffered related to his investment practices.
Rosca Scarlato encourages Marc Menton’s investors to contact their law firm for a complimentary, no-obligation consultation so that an attorney can review your case and advise you of your rights. Please note that the attorneys at Rosca Scarlato LLC take most of their cases on a contingency basis, which means that the firm’s lawyers advance the costs associated with representing investors, do not require any money down, and only get paid, at the conclusion of your case, for their fees and expenses if they are successful (expenses are reimbursed before fees are calculated). We only get paid if we win.
Attorney Alan Rosca and his fellow lawyers are reachable by phone at 888-998-0530. You can also reach them by emailing arosca@rscounsel.law or filling in the contact form on this page with further information about your experience with Menton’s activities.
