Articles Tagged with Mark Trewitt

AdobeStock_1800313-1-300x204Stoltmann Law Offices is continuing to investigate Mark Trewitt, a former registered broker with VFG Securities. Mr. Trewitt allegedly acted negligently and breached his fiduciary duty in connection to investments in private non-traded real estate investment trusts (REITs), oil and gas products and direct investments. He also allegedly misappropriated funds related to an investment in KBR Barons Cove. These are all against securities rules and regulations. Many of these investments are risky and illiquid and come with high costs and have historically underperformed safe benchmarks, such as US treasury bonds. Many of these investments are not suitable for all customers. A broker must take into account a customer’s age, net worth, investment sophistication and investment objectives. If a broker recommends a security that is not suitable for the customer, his brokerage firm can be sued for financial losses. According to the Financial Industry Regulatory Authority (FINRA), Mr. Trewitt was previously registered with Sun Investment Services Company, AIG Equity Sales Corp, Cadaret, Grant & Co., Ogilvie Security Advisors Corp, Walnut Street Securities, Kalos Capital Inc., Madison Avenue Securities, Niagara International Capital Ltd and VFG Securities in Plano, Texas from November 2010 until November 2017. He has 13 customer disputes against him, 11 of which are currently pending. He is not currently registered as a broker within the industry.

Recently, an arbitration claim was filed against VFG Securities and broker Mark Andrew Trewitt. The customers allege that they suffered more than $300,000 in investment losses. Allegedly, Trewitt heavily concentrated their accounts in alternative investments, including Aequitas IOF II Fund, Vertical Capital Recovery Fund, Cole Capital Income Trust, and others. The lawsuit alleges that Trewitt was reckless with the Claimants’ money, ignoring all warnings and market signals with the energy market collapsing. They are alleging negligence, misrepresentations, and breach of fiduciary duty. Their single largest loss was in the Aequitas Opportunity Fund II, that the Securities and Exchange Commission stated was acting like a ponzi scheme. It has since filed for bankruptcy. Many investments in oil and gas and energy are not suitable for all investors. A broker must take into account an investor’s age, net worth, investment objectives and investment sophistication before recommending or selling a security. If he does not, his brokerage firm may be liable for losses because it had a duty to reasonably supervise him.
According to FINRA public records, Mr. Trewitt was registered with Sun Investment Services, AIG Equity Sales Corp, Cadaret, Grant & Co., Ogilvie Security Advisors Corp, Walnut Street Securities, Kalos Capital, Madison Avenue Securities and Niagara International Capital Limited. He is currently registered with VFG Securities in Plano, Texas and has been since November 2010. He has seven customer disputes against him, six of which are currently pending.

Stoltmann Law Offices is investigating Mark Trewitt, a registered broker with VFG Securities in Plano, Texas. Trewitt has been accused of making unsuitable investment recommendations and misrepresentations, many of them involving direct participation products (DPPs) and private placements including non-traded real estate investment trusts (REITs) and other alternative investments. Many of these investments are risky and illiquid and come with high costs and have historically underperformed safe benchmarks, such as US treasury bonds. Many of these investments are not suitable for all customers. A broker must take into account a customer’s age, net worth, investment sophistication and investment objectives. If a broker recommends a security that is not suitable for the customer, his brokerage firm can be sued for financial losses. Please call our Chicago law firm at 312–332–4200 today to speak to an attorney about your options of suing VFG Securities for losses sustained with Mark Trewitt.

Trewitt was registered with Sun Investment Services, AIG Equity Sales, Cadaret, Grant & Co., Ogilvie Security Advisors Corp, Walnut Street Securities, Kalos Capital and Madison Avenue Securities. He is currently registered with VFG Securities in Plano and has been since November 2010. He has four customer disputes against him, three of which are currently pending.

AdobeStock_17493500-1-300x102Stoltmann Law Offices is investigating Mark Trewitt, a Plano, Texas-based broker with VFG Securities. Trewitt allegedly purchased investments through inducements and misrepresentations, made unsuitable recommendations and misrepresented material facts, committed misappropriateion in connection to an investment in KBR Barons Cove, made “poor and unsuitable recommendations and advice,” and participated in “deceptive marketing practices,” among other transgressions. All of these are against securities laws and Trewitt’s firm, VFG Securities, may be liable for losses because of its failure to reasonably supervise him. We are securities attorneys who represent clients who have lost money with brokers. Their firms can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis and may be liable for losses. Please call 312-332-4200 today for a free consultation to find out how.

Trewitt was registered with Sun Investment Services Company, AIG Equity Sales Corp, Cadaret, Grant & Co., Ogilvie Security Advisors Corp, Walnut Street Securities, Kalos Capital and Madison Avenue Securities. He is currently registered with VFG Securities in Plano, Texas and has been since November 2010. He has four customer disputes against him, three of which are currently pending.

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