Marc Korsch – Former Advisor with Arkadios Capital and Centaurus Financial
Barred by FINRA – Over 60 Customer Disputes Reported
The White Law Group is investigating potential securities claims involving former financial advisor Marc Frederick Korsch (CRD #5525226), who was previously registered with several brokerage firms including Arkadios Capital and Centaurus Financial, Inc. in Sarasota, Florida.
According to the Financial Industry Regulatory Authority (FINRA), Marc Korsch has been permanently barred from working in the securities industry as of 2021. This action follows a staggering 69 disclosures, including numerous settled customer disputes, pending claims, and regulatory actions.
FINRA Allegations and Bar
Korsch reportedly failed to respond to FINRA’s request for information during an investigation into his conduct, resulting in an automatic bar from associating with any FINRA member firm. This type of disciplinary action often follows serious concerns about a broker’s adherence to industry rules and regulations, particularly regarding investor harm.
Mounting Customer Complaints involving Marc Korsch
Public records indicate a pattern of complaints from investors dating back several years. Many of these customer disputes were settled for substantial amounts, while others remain pending or resulted in awards against Korsch. Claims include:
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Unsuitable investment recommendations
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Misrepresentation of risks
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Overconcentration in high-risk investments
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Failure to disclose material facts
Such allegations may suggest a failure to adhere to industry standards concerning suitability and due diligence obligations.
Brokerage Firms Involved
Marc Korsch was affiliated with the following firms during his career:
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Arkadios Capital (2021)
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Centaurus Financial, Inc. (2014–2021)
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Trustmont Financial Group, Inc. (2011–2014)
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Capital Financial Services, Inc. (2010–2011)
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Variable Investment Advisors, Inc. (2010)
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Gradient Securities, LLC (2009–2010)
Many of the customer disputes appear to have arisen during his time with Centaurus Financial and Arkadios Capital.
Broker Due Diligence Obligations
Broker-dealers are required by FINRA rules to supervise their representatives and conduct due diligence before recommending any investment product to their clients. If a financial advisor recommends unsuitable investments or engages in misconduct, the broker-dealer may be liable for failure to supervise.
FINRA Arbitration vs. Class Action – What Investors Should Know
If you’ve suffered losses due to Marc Korsch’s investment recommendations, you may be entitled to recover damages through FINRA arbitration. Unlike class action lawsuits, which can take years and result in a shared award among many plaintiffs, FINRA arbitration is typically a faster, more individualized process.
| FINRA Arbitration | Class Action Lawsuit |
|---|---|
| Individual claim | Group claim |
| Faster resolution (12–18 months typical) | Often takes several years |
| Tailored to your loss | Shared resolution, less control |
| Typically confidential | Public record |
Recovering Investment Losses – Marc Korsch
The White Law Group is currently investigating claims involving Marc Korsch and the brokerage firms that employed him. If you invested with Korsch and have concerns about your portfolio, you may be eligible to recover losses through FINRA arbitration.
Our firm exclusively handles securities arbitration cases nationwide and has recovered millions of dollars for wronged investors.
Free Consultation
If you have questions about investments made with Marc Korsch or believe you may have been a victim of broker misconduct, contact The White Law Group at (888) 637-5510 for a free consultation.
To learn more about The White Law Group and our representation of investors, visit us at www.whitesecuritieslaw.com.
FAQs
1. Why was Marc Korsch barred by FINRA?
FINRA barred Korsch for failing to cooperate with its investigation. This typically indicates serious regulatory concerns and can involve violations of industry rules.
2. Can I sue Marc Korsch directly?
Most cases are handled through FINRA arbitration against the broker-dealer that employed him, which is typically responsible for supervision and due diligence.
3. What types of investments are involved in the complaints?
While individual cases vary, many disputes involve high-risk alternative investments, overconcentration, and unsuitable recommendations.
