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Mark Sitter Of KCD Financial And Formerly With Capital Financial Services Has 6 Customer Complaints For Alleged Broker Misconduct

Who is Mark Sitter of KCD Financial?

Mark Sitter (CRD #1810591) who is currently registered with KCD Financial and located in Shenandoah, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to KCD Financial, Mark Sitter was associated with Capital Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Mark Sitter Customer Complaints

Mark Sitter has been the subject of 6 customer complaints that we know about. Three of Mark Sitter’s 6 customer complaints were settled in favor of investors.  Three of Mark Sitter’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Mark Sitter

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimant alleged unsuitable investments by Mark Sitter.
  • Client alleged Mark Sitter’s misrepresentation, breach of fiduciary duty, failure to supervise.
  • Client alleged Mark Sitter misrepresented the nature of an investment suitable for a portfolio.
  • Customer alleged Mark Sitter made unsuitable investment recommendations.
  • Customer alleged Mark Sitter’s unsuitable investment recommendations
  • The client alleged that her Merrill Lynch Focus Twenty Fund investment by Mark Sitter did not have very little risk.

Mark Sitter Red Flags & Your Rights As An Investor

Of course, Mark Sitter did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Mark Sitter at KCD Financial and Capital Financial Services on alert to review carefully the activity and performance of their accounts and question whether Mark Sitter has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at KCD Financial and Capital Financial Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At KCD Financial Due To Mark Sitter

If you have questions about KCD Financial, Capital Financial Services, and/or Mark Sitter and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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