Haselkorn & Thibaut, a national law firm dedicated to protecting investors, has initiated an investigation into Mark Sitter (CRD# 1810591), a financial advisor based in Shenandoah, Texas, currently registered with KCD Financial, doing business as Chasewood Wealth Management. If you are an investor who worked with Mark Sitter or invested through Chasewood Wealth Management, this comprehensive report will help you understand your options and what to look out for in your portfolio. Our team is standing by for a free, confidential consultation at 1-888-885-7162.
Who Is Mark Sitter?
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With 37 years of securities industry experience, Mark Sitter serves clients out of Shenandoah, Texas, and is currently affiliated with KCD Financial (Chasewood Wealth Management). Over his lengthy career, he has also been associated with Capital Financial Services and Merrill Lynch. Mark Sitter holds credentials such as the Securities Industry Essentials Examination (SIE), Series 63, and Series 7 licenses. He is registered in both Texas and Michigan.
- Current Broker-Dealer: KCD Financial, Inc. (doing business as Chasewood Wealth Management)
- CRD Number: 1810591
- Office Location: Shenandoah, Texas
For more information about his registration status and professional background, you can view his FINRA BrokerCheck profile.
Investor Complaints and Disclosures
Transparency and disclosure are some of the most critical factors when evaluating the suitability of a financial advisor. Here is a detailed rundown of the complaints and disclosures associated with Mark Sitter, based on public regulatory records and client filings.
| Year | Allegations | Role/Firm | Outcome | Claimed Damages |
|---|---|---|---|---|
| 2019 | Breach of fiduciary duty, failure to supervise, misrepresentation regarding annuity & real estate investments | Capital Financial Services | Closed without action | $500,000 |
| 2017 | Misrepresentation relating to allegedly unsuitable investments | Capital Financial Services | Settled | $72,000 |
| 2002 | Recommendation of risky mutual fund investments | Merrill Lynch | Settled | $4,000 |
| 2001 | Recommendation of unsuitable mutual fund investments | Merrill Lynch | Settled | $75,000 |
Additional Details:
- Mr. Sitter was also named on a Form D filing for Inspired Healthcare Capital, a senior living development company that filed for bankruptcy. The company had reportedly collected more than $100 million in fees and commissions through private placements and alternative investments, which stopped issuing investor distributions.
- There are no recorded fines, suspensions, regulatory actions, or civil lawsuits against Mark Sitter according to recent database searches by FINRA, SEC, and state regulators.
- Some complaints were closed without a finding, while others resulted in settlements.
Current Regulatory Status
As of the most recent records (March 19, 2026):
- Registered and in good standing with KCD Financial (Chasewood Wealth Management)
- No current SEC or FINRA actions
- No state regulatory sanctions
- No civil lawsuits found under his name
- No liens or judgments recorded
Key Investment Risks and What They Mean for You
Each investor complaint, even if settled or closed without action, brings valuable lessons for those considering or currently working with an advisor. Here are several points to consider based on this history:
- Breach of fiduciary duty allegations suggest concerns over putting clients’ interests first.
- Misrepresentation complaints may indicate issues with how investment products were described and presented to clients.
- Supervision concerns highlight the importance of oversight when advisors recommend complex products like annuities, real estate investments, or private placements.
- Alternative investment sales (such as Inspired Healthcare Capital) can be especially risky, and halted distributions often leave investors unsure of their next steps.
What If You Suffered Losses With Mark Sitter or Chasewood Wealth Management?
If you, or someone you know, invested with Mark Sitter, especially in real estate investment trusts (REITs), annuities, or private placements such as those linked to Inspired Healthcare Capital, it is important to have your financial situation independently reviewed. Allegations related to suitability, misrepresentation, or failure to supervise may entitle investors to pursue compensation through legal action such as FINRA arbitration.
Haselkorn & Thibaut encourages investors with questions or losses tied to this advisor or broker-dealer to act now. Early action can be critical in preserving your legal options and maximizing your chances of recovery.
Why Choose Haselkorn & Thibaut?
- No recovery, no fee: You pay us nothing unless we recover funds for you
- Over 50 years’ experience in securities law and investment dispute resolution
- 98% success rate on cases handled
- Millions recovered on behalf of wronged investors
- Serving clients nationally
Contact Us for a Free Consultation
If you have concerns about your investments, your advisor, or distributions that have stopped without clear explanation, Haselkorn & Thibaut is here to help. Our confidential consultations are risk-free, and you will never pay unless we collect for you. Every case is unique. Call us today at 1-888-885-7162 or visit us online for guidance tailored to your circumstances.
Investing should bring confidence. If you suspect mistakes, misrepresentations, or unsuitable investment advice from Mark Sitter, Chasewood Wealth Management, or KCD Financial, let our dedicated team of securities attorneys review your case at no cost or obligation to you.
