FINRA has suspended Mount Pleasant, S.C. stockbroker Mark S. Perry from associating with any brokerage firm in any capacity for a period of eighteen months. Perry was most recently employed by Independent Financial Group. Before that, he was associated with Royal Alliance Associates and Cambridge Investment Research Advisors.
Perry made unsuitable investment recommendations to four elderly customers. He over-concentrated the customer’s accounts in precious metal sector securities; recommended the unsuitable purchase and holding of leveraged mutual funds (ETFs) for a period of up to 963 days; misstated several customers’ risk tolerance on firm records; and made misleading promises and statements to his clients.
Since 2012, Perry has had eight disclosures reported to FINRA, many related to his recommendation of unsuitable investments. The investor claims lawyers of McCarthy Lebit are investigating Mark S. Perry. If you lost money due to Mark S. Perry, please contact Hugh Berkson at 1-866-932-1295.
Hugh Berkson is a Securities Attorney with McCarthy, Lebit, Crystal & Liffman, Co. LPA. Hugh is rated AV® Preeminent™ by Martindale-Hubbell®.
He obtained a business degree in Finance from the University of Texas at Austin in 1989, and is a 1994 graduate of Case Western Reserve University School of Law, where he was a member of the Order of the Barristers and received both the American Jurisprudence Award, (National Mock Trial) in 1993 and the Jonathan M. Ault Mock Trial Prize for 1993-1994.
