Mark Holcombe—Private Securities Transactions without Prior Written Notice

Cleveland stockbroker fraud lawyerMark Robert Holcombe Allegedly Took Part in Two Separate Private Securities Transactions Involving Trident Brands, Inc. without Providing Prior Written Notice to Source Capital

Mark Holcombe allegedly took part in two separate private securities transactions involving Trident Brands, Inc. without providing prior written notice to Source Capital, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The AWC further alleges that Mark Holcombe violated NASD and FINRA Rules which require that “prior to participating in any private securities transaction, an associated person shall provide written notice to [his Firm] describing in detail the proposed transaction and the person’s proposed role therein.”

Holcombe, around January 2015, allegedly participated in two separate private securities transactions involving Trident Brands, Inc.(TDNT), the AWC reports.

What is more, TDNT was a company in which Holcombe allegedly served as Chairman of the Board of Directors, the AWC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Mark Holcombe’s alleged participation in private securities transactions without proper prior written notice.

Mark Robert Holcombe Allegedly Participated in TDNT’s Sale of Senior Secured Convertible Debentures without Providing Proper Notice to Source Capital

Mark Holcombe also allegedly participated in TDNT’s sale of senior secured convertible debentures to the same aforementioned third party for $2.3 million, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Furthermoe, Holcombe allegedly sold two million shares of his own TDNT stock to a third party for $100,000, the AWC states.

Holcombe also allegedly failed to notify Source Capital regarding the aforementioned private securities transaction, the AWC notes.

Holcombe, based on said behavior, allegedly violated FINRA and NASD Rules and therefore is receiving a nine-month suspension and fine of $10,000, according to the aforementioned AWC.

Holcombe first became associated with a FINRA member in April 1998 and was registered as an Investment Banking Representative through member firm Source Capital Group, Inc. from April 2014 through December 22, 2015, the AWC reports.

One should also note that, according to the AWC, Mark Holcombe neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged acts of unapproved securities transactions and are currently investigating Mark Holcombe’s alleged sale of unapproved securities without proper prior written notice. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Mark Holcombe’s alleged sale of unapproved securities without proper prior written notice may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.