Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience and a 98% success rate, has opened an investigation into Mark Clarence Block, a former financial advisor with VALIC Financial Advisors, Inc. in Colorado. If you have concerns about your investments with Mr. Block or believe you were impacted by his recommendations, contact Haselkorn & Thibaut at 1-888-885-7162 for a free consultation. No recovery, no fee.
Who Is Mark Clarence Block?
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Mark Clarence Block (CRD #1715361) is a former registered stockbroker and financial advisor, most recently associated with VALIC Financial Advisors, Inc. in Lakewood, CO (01/2012–08/2023). He is not currently registered with any FINRA-member brokerage firm, and investors should be aware of his change in registration status. Mark Block has also held roles at Union Capital Company and Peak Securities Corporation over his financial services career.
Professional Background and Business Affiliations
| Firm/Organization | Location | Dates | Role |
|---|---|---|---|
| VALIC Financial Advisors, Inc. | Lakewood, CO | 01/2012–08/2023 | Financial Advisor |
| Union Capital Company | Tucson, AZ | 10/2009–02/2010 | Broker |
| Peak Securities Corporation | Scottsdale, AZ | 06/2005–11/2007 | Broker |
| Empire Wealth Advisors | Littleton, CO | 07/21/2023–Present | Insurance Brokerage (Member/DBA) |
| Empire Luxury Real Estate | Wheat Ridge, CO | 01/16/2024–Present | Realtor |
Red Flags & Disclosures for Mark Clarence Block
- Not currently registered with any FINRA-member broker-dealer.
- Discharged by a prior employer.
- Regulatory sanctions from state securities regulators.
- Customer disputes—including allegations of misrepresentation and unsuitability—tied to variable and indexed annuities.
These red flags highlight the importance for current and former clients to review all investment activity and communications from accounts managed by Mr. Block.
List of Complaints and Regulatory Actions Involving Mark Clarence Block
| Date Received | Nature of Complaint | Firm | Amount Sought | Status |
|---|---|---|---|---|
| Aug 26, 2025 | Alleged misrepresentation in the sale of a variable annuity | VALIC Financial Advisors, Inc. | $50,000 | Denied by firm—customer has not pursued further |
| Dec 27, 2017 | Alleged misrepresentation and omissions in an indexed annuity | VALIC Financial Advisors, Inc. | $10,500 | Denied by firm (2/7/2018) |
While these complaints were denied by the firm, they are publicly reportable disclosures—demonstrating customers’ concerns over the appropriateness of recommendations and sales practices involving complex annuity products.
Regulatory Disciplinary Action: Michigan Consent Order
In 1990, the State of Michigan issued a Consent Order (Case BD8157) against Mark Block (then at Power Securities Corporation), finding that he sold unregistered and non-exempt securities and acted while unregistered. Sanctions included:
- Censure
- Civil penalty of $750
- Withdrawal from Michigan registration for three years (with strict supervision required if reapplying)
Common Allegations: Broker Misconduct and Suitability Issues
- Unsuitability – recommending investments inconsistent with a customer’s risk tolerance and objectives, potentially breaching FINRA Rule 2111 and SEC Regulation Best Interest.
- Breach of fiduciary duty – failing to act in clients’ best interests or omitting critical details regarding risks, fees, or available alternatives.
If you believe you were impacted by Mark Clarence Block’s investment recommendations at VALIC Financial Advisors, Inc.—especially in connection with variable or indexed annuities—it is important to review your account statements and correspondence for potential red flags.
How to Check Mark Clarence Block’s Regulatory History
You can verify public information about Mr. Block’s employment and disclosure history by running a BrokerCheck report using his CRD number: 1715361.
What To Do If You Have Concerns
- Did you invest in variable or indexed annuities on Block’s recommendation?
- Do you see unexplained losses or trades inconsistent with your risk tolerance?
- Were you fully informed about product risks and fees?
If you answer “yes” or are in doubt, it may be appropriate to seek professional guidance. Haselkorn & Thibaut’s investigation covers Mark Clarence Block’s entire history at VALIC Financial Advisors, Inc. in Colorado, along with affiliated firms.
FINRA arbitration provides a means for harmed investors to pursue recovery of their losses, even when a broker is no longer registered. Haselkorn & Thibaut handles cases on a contingency fee basis—no recovery, no fee. Their team includes nationally recognized securities attorneys representing clients nationwide.
Why Choose Haselkorn & Thibaut?
- 50+ years of experience in securities law
- Millions recovered for investors nationwide
- 98% success rate in resolving client claims
- No recovery, no fee—free consultation
Engage with an advocate who will listen, inform, and work to recover what you’re owed.
Next Steps for Investors
If you are a current or former client of Mark Clarence Block—especially from his time at VALIC Financial Advisors, Inc. in Colorado—review your account activity and contact Haselkorn & Thibaut. The consultation is free, and the review may uncover missed opportunities for recovery. Call 1-888-885-7162 today and speak with a skilled investment fraud lawyer who can provide clear, actionable guidance tailored to your situation.
Your financial security deserves careful review. Let Haselkorn & Thibaut’s experienced legal team help you understand your options and protect your rights.
