Trewitt has been named in eighteen customer disputes between 2014 and 2019.
The Sonn Law Group is investigating allegations that Mark Trewitt committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Mark Trewitt (CRD#:1364490) was suspended in June 2019 by the Texas Securities Commission (TSC) for a period of 90-days. In their findings, the TSC stated:
On October 31, 2018, Respondent applied for registration as an investment adviser representative for Delta Investment Management, LLC (“Delta”) in connection with respondent’s application, the respondent submitted the form U4. Respondent’s form U4 reflected that he has been named in 16 separate investment-related, consumer-initiated actions, of which five remain pending a resolution. The disclosed complaints contain allegations relating to excessive concentrations in illiquid securities.
The Respondent made recommendations without a reasonable basis to believe the investments were suitable which constitutes an inequitable practice in the sale of securities. It is ordered that the respondent’s investment adviser representative be granted. It is further ordered that respondent is suspended for a period of 90 days.
Since the TSC published their findings, Trewitt has been named in an additional dispute. Trewitt’s history of customer disputes is as follows:
November 2019: Customer alleged misrepresentation and unsuitable alternative investments. The damage amount requested is $150,000. This matter is still pending.
October 2018: Customer alleged losses related to alternative investments and over-concentration. The customer is seeking almost $2M in damages. This matter is still pending.
July 2018: Customer alleged breach of fiduciary duty in the recommendations of unsuitable and over-concentrated illiquid alternative investments between 2011 and 2015. The customer is seeking $100,000. The matter is still pending.
June 2018: The customer alleged losses related to alternative investments and overconcentration. The matter was settled for $25,000.
May 2018: The customer’s alleged negligence and breach of fiduciary duty, as well as unsuitability. The matter was settled for $25,000.
April 2018: The customer alleged overconcentration of alternative investments and unsuitability. The matter was settled for over $100,000.
April 2018: The customer alleged overconcentration of alternative investments and unsuitability. The matter was settled for almost $140,000.
April 2018: The customer alleged negligence and breach of fiduciary duty. The matter was settled for almost $170,000.
April 2018: The customer alleged negligence and breach of fiduciary duty. The matter was settled for approximately $78,000.
March 2018: The customer alleged negligence and breach of fiduciary duty. The matter was settled for approximately $35,000.
August 2017: The customer alleged poor and unsuitable recommendations and advice and deceptive marketing practices. The matter was settled for approximately $101,000.
August 2017: The customer alleged unsuitable recommendations and misrepresentation of investment program safety. The matter was settled for approximately $63,500.
August 2017: The customer alleged breach of fiduciary duty and contract negligence based on the recommendation and sales of specific investments against Madison Ave Securities. The matter was settled for $21,000.
June 2017: The customer alleged breach of fiduciary duty, breach of contract, and negligent supervision. The matter was settled for $20,000.
June 2017: The customer alleged negligence, breach of fiduciary duty, and negligent supervision. The matter was settled for $200,000.
February 2017: The customer alleged unsuitable recommendations, over-concentration in high-risk investments, and breach of fiduciary duty. The matter was settled for approximately $48,400.
September 2014: The customer alleged misappropriation of investments. The matter was settled for $25,000.
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The Sonn Law Group is currently investigating allegations that Mark Trewitt committed misconduct. 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.
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