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Written by 7:47 pm Blog, Current Investigations, Securities Fraud

CFP Board Reportedly Sanctions Advisor Mark Trewitt for Unsuitable Investments

CFP Board Reportedly Sanctions Advisor Mark Trewitt for Unsuitable Investments, featured by top securities fraud attorneys, the White Law Group

CFP Reportedly Orders Revocation to Mark Trewitt, Delta Investment Management, for Rules Violations  

Certified Financial Planner Board of Standards, Inc. (CFP Board) announced this week public sanctions against several representatives including reportedly Mark Andrew Trewitt (Gordonville, Texas). In July 2022, Trewitt reportedly agreed that CFP Board would issue a Revocation of his right to use the CFP® certification marks for allegedly “making unsuitable recommendations to customers, some of whom were seniors, to invest in risky and illiquid investments, such as private placements and real estate investment trusts, in inappropriate concentrations.”  

According to the announcement, Trewitt’s alleged conduct resulted in the Texas State Securities Board issuing a Disciplinary Order that reportedly suspended him for 90 days and included a prohibition on recommending private placements as an investment advisor representative. The Commission reportedly issued to Trewitt a Revocation, effective July 15, 2022.  

According to his BrokerCheck profile, Trewitt reportedly has a long list of disclosure events including 19 customer complaints filed against him during his career in the securities industry. Allegations include misrepresentation, fraud, investments in unsuitable alternative investments, overconcentration and breach of fiduciary duty, among others.  

Trewitt was reportedly affiliated with the following broker dealers and investment advisors, among others:  

IA, 6/6/2019, DELTA INVESTMENT MANAGEMENT, LLC (CRD#:149596) Plano, TX  
IA, 11/10/2010 – 12/31/2018, VFG ADVISORS, INC. (CRD#:150370), Plano, TX  

B, 11/09/2010 – 11/13/2017, VFG SECURITIES, INC. (CRD#:15121), PLANO, TX
B, 04/13/2017 – 06/14/2017, NIAGARA INTERNATIONAL CAPITAL LIMITED (CRD#:135327), NEW YORK, NY  

Potential Lawsuits to Recover Investment Losses  

The White Law Group is investigating potential securities claims involving representative Mark Trewitt and the liability his employers may have for failure to properly supervise him.          

When brokers abuse client accounts or conduct transactions that violate securities laws, such as making unauthorized trades or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.       

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.         

If you are concerned about investments with Mark Trewitt, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.     

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.     

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.     

 

Tags: , , , , , , , , Last modified: September 8, 2022