Investigation of Mark Augusta Customer Complaints and Lawsuits

Have you lost money with financial advisor Mark Fred Augusta, formerly of Wedbush Securities in Solana Beach, California?  The law firm of Israels & Neuman is investigating allegations of former customers related to Mark Augusta. Mark Augusta’s CRD report, a public record maintained by FINRA, states that Augusta has been the subject of nineteen (19) customer complaints and FINRA arbitration lawsuits.

Specifically, Mark Augusta’s CRD report states that customers alleged unsuitable investment recommendations in connection with the sales of Puerto Rico municipal bonds.  Another customer complained of structured CDs (certificates of deposit).

Mark Augusta was a registered representative of Wedbush Securities from January 2011 to May 2015.  He has been with Hilltop Securities from May 2015 to the present.  He has worked at branch offices in Solana Beach and Del Mar, California.

Brokerage firms like Wedbush Securities and Hilltop Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and in Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California and throughout the Los Angeles area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view:  Augusta, Mark BrokerCheck

If you lost money with Mark Augusta or Wedbush Securities, CONTACT Israels & Neuman at 720-599-3505 or 206-795-5798 for a free evaluation of your case.