Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 1, 2018 indicate that former New Mexico-based Merrill Lynch broker/adviser Marcus Parker was recently sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Parker (CRD# 1031962).
Marcus Parker has spent 35 years in the securities industry and was most recently registered with Wells Fargo Clearing Services in Santa Fe, New Mexico (2008-2017). Previous registrations include in Santa Fe, New Mexico (2001-2008); Salomon Smith Barney in New York, New York (1996-2001); Painewebber in Weehawken, New Jersey (1992-1996); Prudential Securities in New York, New York (1989-1992); Thomson McKinnon Securities in New York, New York (1985-1989); and Dean Witter Reynolds (1982-1985). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 25, 1997; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 30, 1982; SIE (Securities Industry Essentials Examination), which he obtained on December 12, 2017; and Series 7 (General Securities Representative Examination), which he obtained on July 17, 1982. He is currently not registered with any state or firm.
According to his BrokerCheck report, he was recently sanctioned by FINRA and has received one denied customer complaint.
In February 2018 FINRA sanctioned him in connection to allegations he refused to respond to requests for records and information associated with an investigation of his termination from a former member firm over allegations he failed to “appear for an interview and the questioning about misappropriation” from customer accounts at the firm. He was subsequently barred from acting as a broker or otherwise associating with a broker-dealer firm.
In 2008 a customer alleged Marcus Parker, while employed at Merrill Lynch, recommended unsuitable investments. The customer sought unspecified damages in the complaint, which was denied.
If you or someone you know has lost money investing with Marcus Parker, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.