Mark Perry— Unsuitable Investment Recommendations

Mark S. Perry Allegedly Made Unsuitable Investment Recommendations to Four Elderly Customers; Perry Allegedly Concentrated Customers’ Accounts in Precious Metal Sector Securities and Recommended Customers to Buy Leveraged Mutual Funds or ETF’s for Extended Periods

Mark Perry allegedly made unsuitable investment recommendations to four elderly customers and allegedly concentrated his customers’ accounts in precious metal sector securities and recommended customers to buy leveraged mutual funds or ETF’s for extended periods of up to 963 days, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Mark Perry’s alleged unsuitable investment recommendations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Mark Perry’s alleged unsuitable investment recommendations.

Perry’s conduct allegedly violated NASD and FINRA Rules, according to the aforementioned AWC. What is more, Perry allegedly caused his member firm to maintain inaccurate books and records when he misstate several customers’ risk tolerance on new account forms, also purportedly in violation of FINRA Rules, the AWC notes.

Furthermore, Perry also allegedly made misleading and promissory statements in written communications with a customer, in violation of FINRA Rules, and also allegedly failed to report two customer complaints to his member firm, the AWC states.

Mark Perry Suspended by FINRA

Mark Perry, based on the aforementioned alleged behavior, allegedly violated FINRA and NASD Rules, and hence has been suspended by FINRA, according to the aforementioned  AWC presently being examined by attorneys Alan Rosca and James Booker.

Perry came into the securities industry way back in November 1983 when he became associated with a FINRA member firm, and then became associated with other member firms including Royal Alliance Associates, Inc. from April 2003 to March 2015, and Independent Financial Goup, LLC from April 2015 to September 10, 2015, the AWC reports.

Perry was then allowed to resign from Royal due to the fact that he was “under internal review for violations of firm’s e-mail correspondence policy”, the AWC notes.

One should also note that, according to the AWC, Mark Perry 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 investment fraud and are currently investigating Mark Perry’s alleged unsuitable investment recommendations. 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 Perry’s alleged unsuitable investment recommendations 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 (1234 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.