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Mary Catherine Evans formerly with Mutual Securities, Inc. Has 7 Customer Complaints For Alleged Broker Misconduct

Who is Mary C. Evans formerly with Mutual Securities, Inc.?

Mary Evans (CRD #1091961) who was formerly registered with Mutual Securities, Inc. and located in Denver, Colorado is a subject of one of our many securities industry sales practice abuse investigations. Prior to Mutual Securities, Inc., Mary Evans was associated with two other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Mary Evans has been the respondent into arbitration claims filed by his former customers. In those arbitrations, the investors alleged, among other things, breach of duty of loyalty, breach of duty to deal fairly and honestly with claimants, breach of duty of full disclosure, breach of duty to act in good faith and in claimant’s best interests, negligence, fraud, in violation of federal and state securities laws as well as FINRA rules of conduct. The most recent arbitration award against his former employer and himself resulted in an arbitration award the amount of $773,527.

Mary Evans failed to satisfy the most recent arbitration award and was suspended indefinitely by FINRA from association with any member firm in any capacity until that award is paid.

Mutual Securities, Inc. Broker Misconduct

In her career, Mary Evans has been the subject of 7 customer complaints that we know about, 3 of those complaints were filed in the last two years to recover investment losses. As set forth above, Mary Evans was a respondent in arbitration proceeding, an award was entered against her in connection with one of the customer complaints in the amount of $773,527. One of Mary Evans’ 7 customer complaints was settled in favor of investors for $879,000. There are currently 3 pending customer complaints filed against Mary Evans’ former employer Mutual Securities, Inc. for investment losses caused by her alleged misconduct.

Allegations Against Mary Evans  

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

  • Clients alleged that the investments in their accounts, did not correspond to their investment objectives, were highly speculative and unsuitable for them.
  • Client alleged that her accounts at poor performance due to lack of diversification.
  • Client alleged that her representatives and vested her portfolio in an undiversified manner and high-risk securities that were unsuitable for her.
  • The claimant’s allegations included breach of contract, breach of fiduciary duty, negligence, misrepresentation or omission, violations of federal and state securities laws, and violations of various FINRA rules.

Mary Evans Red Flags & Your Rights As An Investor

Of course, Mary Evans 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 Mary Evans at Mutual Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Mary Evans has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Mutual Securities, Inc. also raises questions about 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 Mutual Securities, Inc.

If you have questions about Mutual Securities, Inc. and/or Mary Evans 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.

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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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