Marc Korsch, Formerly of Arkadios Capital, Named in Multiple Customer Disputes Alleging Unsuitable Recommendations

Korsch is facing six pending customer disputes total.

Marc Frederick Korsch (CRD#: 5525226) was registered as a broker with Arkadios Capital in 2021. Previously, Korsch was registered as a broker with Centaurus Financial from 2014 until 2021.

Korsch has sixteen disclosures on his BrokerCheck report since 2017. One customer dispute filed against Korsch was denied. Six of Korsch’s disclosures revolve around his personal financial judgments.

September 2021 Customer Dispute

• Status: Pending
• Allegations: While the Registered Representative was affiliated with Trustmont Financial Group, specifically 2012 through 2014, the customers invested approximately $900,000. While the Registered Representative was affiliated with Centaurus Financial, Inc, specifically 2014 through 2/5/2021, the customers invested approximately $150,000. The customer alleges that the Registered Representative recommended investments in high-commission, unsuitable, complex and risky investments.
• Damage Amount Requested: $700,000.00

September 2021 Customer Dispute

• Status: Pending
• Allegations: While the Registered Representative was affiliated with Trustmont Financial Group, specifically 2012 through 2014, the customers invested approximately $900,000. While the Registered Representative was affiliated with Centaurus Financial, the customer invested approximately $135,00. The customer alleges that the Registered Representative recommended investments in high-commission, unsuitable, complex and risky investments
• Damage Amount Requested: $700,000.00
• September 2021 Customer Dispute
• Status: Pending
• Allegations: The customers allege that the Registered Representative concentrated their account(s) in unsuitable, high-commission, complex and risky investments. No dates of alleged activity were disclosed in the Statement of Claim.
• Damage Amount Requested: $150,000.00

September 2021 Customer Dispute

• Status: Pending
• Allegations: The customer alleges that the Registered Representative concentrated his account(s) in high-commission, complex and risky investments. No dates of alleged activity were disclosed in the Statement of Claim.
• Damage Amount Requested: $400,000.00

August 2021 Customer Dispute

• Status: Settled
• Allegations: The customers allege that the Registered Representative made misrepresentations, recommended unsuitable, illiquid investments and breached his fiduciary duty. No specific dates are provided within the Statement of Claim.
• Damage Amount Requested: $250,000.00
• Settlement Amount: $29,750.00

August 2021 Customer Dispute

• Status: Settled
• Allegations: The customers allege that the Registered Representative made misrepresentations, recommended unsuitable, illiquid investments and breached his fiduciary duty. No specific dates are provided within the Statement of Claim.
• Damage Amount Requested: $200,000.00
• Settlement Amount: $29,500.00

June 2021 Customer Dispute

• Status: Pending
• Allegations: The customers allege that the Registered Representative recommended unsuitable investments and breached his fiduciary duty. No dates of alleged activity were disclosed in the Statement of Claim.
• Damage Amount Requested: $750,000.00

June 2021 Customer Dispute

• Status: Settled
• Allegations: The customer alleges that the Registered Representative recommended unsuitable investments and breached his fiduciary duty. The customer further alleges that initials on the investment documents are not hers. No dates of alleged activity were disclosed in the Statement of Claim.
• Damage Amount Requested: $300,000.00
• Settlement Amount: $22,500.00

October 2020 Customer Dispute

• Status: Pending
• Allegations: During the period July 2014 to present, the customers allege that the Registered Representative invested their accounts in unsuitable/high-risk investments and breached his fiduciary duty.
• Damage Amount Requested: $100,000.00
• Broker Comment: I vehemently deny any wrongdoing and assert that the allegations are completely without merit. The investments about which the customers complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment. The customers confirmed in writing that they not only received the requisite investment documentation/disclosures, but that they fully understood the characteristics and risks of the investments. At all times, I put the customer’s interest first and I will vigorously defend this matter to the fullest extent of the law.

February 2017 Customer Dispute

• Status: Pending
• Allegations: Korsch was a subject of the customer’s complaint against Trustmont Financial Group, Inc. that asserted the following causes of action: violation of Florida’s Securities and Investor Protection Act § 517.011 et al; breach of fiduciary duty; common law fraud; failure to supervise; suitability; negligence/negligent misrepresentation/omission; breach of contract; restitution; and negligent supervision.
• Damage Amount Requested: $500,000.00
• Broker Comment: The case was filed as a FINRA arbitration against the Registered Representative’s former broker dealer and the Registered Representative was not named in the arbitration nor was he required to pay any portion of the award/judgment.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Marc Frederick Korsch. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.