Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 9, 2017 indicate that New York-based Ascendant Alternative Strategies broker Mark Martino has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Martino (CRD# 1010228).
Mark Martino has spent 35 years in the securities industry and has been registered with Ascendant Alternative Strategies in New York, New York since March 2017. Previous registrations include Axiom Capital Management in New York, New York; Smith Barney Harris Upham & Company in New York, New York; Drexel Burnham & Lambert; Shearson Lehman Hutton; Merrill Lynch; and Weiss Peck & Greer. He is a registered broker with 49 US states and territories.
According to his BrokerCheck report, he has received three customer complaints, one pending customer complaint and one regulatory sanction.
In April 2017 a customer alleged Mark Martino, while employed at Axiom Capital Management, committed fraud, breached his fiduciary duty, violated FINRA rules, and misrepresented and omitted material facts. The customer is seeking more than $305,100 in damages in the pending complaint.
In 2003 the National Association of Securities Dealers sanctioned him following allegations he “failed to adequately supervise activities of registered reps related to the issuance of 4 research reports.” He was issued a 60-day suspension and a fine of $15,000.
In 2002 a customer alleged Mark Martino, while employed at Axiom Capital Management, recommended unsuitable investments. The complaint settled for $9,500.
In 2001 a customer alleged Mark Martino, while employed at Axiom Capital Management, recommended unsuitable investments, misrepresented material facts, and breached his fiduciary duty. The complaint settled in 2002 for $95,000.
In 1994 a customer alleged he, while employed at Axiom Capital Management, made unsuitable and excessive trades. The complaint settled for $837,500.
If you or someone you know has lost money investing with Mark Martino, 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.