- May 9, 2022
- Principal Securities
Mark Gelbman (CRD#: 4533497) is a dually registered Broker and Investment Advisor at Kestra Investment Services, LLC in Clive, IA.
He entered the securities industry in 2002 and previously worked for Principal Securities, Inc.; LPL Financial, LLC; Northwestern Mutual Investment Services, LLC; VSR Advisory Services; VSR Financial Services, Inc.; Ameriprise Financial Services, Inc.; and IDS Life Insurance Company.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in January 2022, a customer dispute against Mark Gelbman was settled. The allegation states, “The client alleges that the representative misrepresented the variable annuity.” The customer dispute was settled for $17,156.71.
In addition, Mark Gelbman has been the subject of two additional disclosures, including the following:
- March 2021 — “Mark Gelbman was terminated for failure to adhere to the firm’s policies and procedures regarding discretionary trading.” Mark Gelbman was discharged by Principal Securities, Inc.
- December 2020 — “The client alleged that the variable annuity’s costs and fees were not properly disclosed to him, and he alleged the product was not suitable.” The customer dispute was settled for $6,300.
For a copy of Mark Gelbman’s FINRA BrokerCheck, click here.
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