- March 25, 2020
- Brokers International Financial Services
Mark Christopher Perry (CRD # 2197284) was a Financial Advisor at Brokers International Financial Services, LLC in Urbandale, IA. Mark Perry has been in the securities industry since 1992 and was previously registered with AXA Advisors, LLC, Next Financial Group, Inc., PRUCO Securities, LLC and The Prudential Insurance Company of America.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Mark Perry has two pending customer complaints, alleging misappropriation of funds. The allegations are as follows:
• March 2020 – “Arbitration claims the Insurance Agent took checks made payable to his company totaling over $1.1 million, misappropriated funds, and $450,000 is unaccounted. Firm and Rep are named as responsible for supervision of the Agent’s activity for his own company where Rep happened to be employed.” Alleged damages are $450,719.25, and the matter is currently pending.
• December 2019 – “Arbitration claims the Insurance Agent took checks made payable to his company totaling over $1.3 million and misappropriated funds. Firm and Rep are named as responsible for supervision of the Agent’s activity for his own company where Rep happened to be employed.” Alleged damages are $1,342,483.20, and the matter is currently pending.
In addition, Mark Perry has four tax/civil liens totaling $260,000 from 2016 to 2019.
For a copy of Mark Perry’s CRD, click https://brokercheck.finra.org/individual/summary/2197284#disclosuresSection
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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