Former Basketball Player MARK PAYNE Accused of $15.5 Million Investment Losses

Israels & Neuman, PLC

ROSEVILLE, CALIFORNIA

Have you lost money investing with current financial advisor and former basketball player Mark Payne in Roseville, California? Mark Payne, currently associated with Morgan Stanley, is the subject of a $15 million customer complaint filed with FINRA arbitration. The customer alleged that Payne managed a customer account, and that he made unsuitable recommendations related to options trading that caused $15.5 million in investment losses. The complaint was filed in January 2022 with FINRA arbitration.

Mark Payne played basketball at St. Mary’s in California before playing professionally in Spain, Greece, and France from 2011 to 2017. Payne then joined Morgan Stanley in August 2017, working at a branch in Roseville, California.

FINRA’s regulations provide that securities brokerage firm have a duty make suitable investment recommendations to customers, and the firm must also reasonably supervise the acts of its financial advisors like Mark Payne. If Morgan Stanley made unsuitable investment recommendations to its customers, it may be responsible for customer losses.

Click to view: Payne, Mark BrokerCheck 2.15.22

If you lost money with Mark Payne or LPL Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Topics

Client Reviews

What are past clients saying about Israels & Neuman, PLC?

View More
Submit a Law Firm Client Review

Aaron Israels was diligent, professional, knowledgeable and extremely thorough. My legal ordeal was quite cumbersome but Aaron was present, willing and ready to go the extra mile for me. I HIGHLY RECOMMEND, Israels and Neuman, PLLC for...

Kay H.

I have worked with many attorneys over the course of my career in both large and small businesses. Dave and Aaron are an outstanding legal team. I used Dave and Aaron for a personal situation that called for a hands on detailed approach. I found...

Fred S.

Aaron created our wills and offered solutions that made the process easy and pain free. We recently needed to amend our wills, and he made suggestions that made a better distribution that we had not thought of prior to meeting with him. He was...

Debra K.

I have worked with Aaron Israels for over eight years and can confidently say that he is the most honest and hard-working attorney I know. He not only gets results, but he also genuinely cares about his clients and colleagues. If you have a...

Tony E.

Mr. Aaron Israels set up our business by listening to us and creating a structure legal structure that was exactly what we wanted and needed. All of the work was set up in a binder for easy access to all information along with clear instructions...

Tom K.

Are You a Victim of Investment Fraud?

  1. 1 Free Confidential Consultation
  2. 2 Available 24/7
  3. 3 20+ Years of Experience
Fill out the contact form or call us at (616) 280-4303 to schedule your free confidential consultation.

Leave Us a Message