Broker Fraud: William Mark Heiden and Wedbush Securities Inc

William Mark Heiden and Wedbush Securities Inc

Did you suffer investment losses after working with William Mark Heiden (also known as W. Mark Heiden), a broker and financial advisor previously registered with the Financial Industry Regulatory Authority (FINRA) through the Newport Beach, California office of Wedbush Securities Inc. (Wedbush) If so, the attorneys of Investment Loss Recovery Group want to help you. We are now investigating potential complaints against Mr. Heiden.

Our law firm works with clients nationwide who have lost money due to the negligence and/or misconduct of brokers and financial advisors whom they had trusted to provide sound investment advice and to ethically and responsibly handle their accounts. We bring more than 40 years of combined legal experience to our clients as well as in-depth knowledge of the financial services industry. Both of our attorneys have backgrounds as licensed securities brokers and as defense counsel for large Wall Street brokerage firms.

Contact us today if you incurred investment losses after working with Mr. Heiden or Wedbush. We will review your potential claims in a free and confidential consultation.

Who Is W. Mark Heiden?

You can find information about W. Mark Heiden (CRD# 2885156) through two databases which are available online and accessible by the public, the FINRA Central Registration Depository (CRD) and Investment Adviser Registration Depository (IARD). Based on his FINRA BrokerCheck Report and his IARD Public Disclosure Report:

Mr. Heiden had previously worked in the financial services industry since 1997. Over the course of his career, he has been registered with several FINRA firms, he has been registered through:

  • Crowell, Weeden & Co. in Los Angeles, CA. (1997-2000)
  • Sutro & Co., Inc. in San Francisco, CA. (2000-2002)
  • RBC Dain in Newport Beach, CA. (2002 – 2007)
  • Morgan Stanley in Newport Beach, CA. (2007-2013)
  • Wedbush Securities in Newport Beach, CA. (2013 2018)

FINRA Brokercheck records reflect Mr. Heiden was registered with a FINRA Series 7 license in 1997, a Series 31 license in 2011, and Series 63 license in 1997, along with a Series 66 license in 2005, among others. Mr. Heiden’s FINRA Brokercheck report discloses fourteen customer dispute matters along with an investigation matter and a pending regulatory disclosure matter.

The Most Recent Disclosures Reported on Mr. Heiden’s FINRA Brokercheck?

The most recent disclosures on Mr. Heiden’s FINRA Brokercheck include an investigation disclosure initiated by FINRA related to unauthorized trading issues. In January 2019 FINRA disclosed a regulatory matter alleging unauthorized trading issues and elderly customers. In 2018 alone there were four customer dispute disclosures, and three remain pending (as of March 2019) and they include allegations of unsuitable and unauthorized trades, elder abuse, churning, abuse of margin and other allegations. See FINRA Brokercheck report for additional details.

How Can You Recover Investment Losses Involving Mr. Heiden or Wedbush?

If you suffered investment losses involving Mr. Heiden or Wedbush or if you suspect your accounts or investments were handled negligently or improperly, you may wish to seek legal advice and a no-cost review of your accounts or investments as soon as possible. You may be entitled to a recovery of your losses in addition to other damages. You may also have the right to file a private, confidential FINRA complaint against any broker, or brokerage firm that failed to properly handle your investment account, or may have failed to adequately supervise your investment accounts, or Mr. Heiden’s conduct as a broker and financial advisor.

We are skilled securities arbitration and investment fraud lawyers have an insider’s view of the legal and regulatory issues that can affect a case, and we understand how brokerage firms evaluate these matters. We can review your case and present you with a strategic plan to help you recover your investment losses as expeditiously as possible.

We serve clients throughout the country. Contact us today for a free consultation and find out more about how we can assist you.

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