FINRA Sanctions Former Advisor Mark C. Koehler
According to the Financial Industry Regulatory Authority, on June 29, 2017, Mark C. Koehler (CRD #2873947, Chadds Ford, Pennsylvania) was issued an AWC in which Koehler was barred from association with any FINRA member in all capacities.
Without admitting or denying the findings, Koehler reportedly consented to the sanction and to the entry of findings that he refused to produce FINRA requested information and documents after it commenced an investigation following receipt of a tip that he had allegedly engaged in unsuitable trades in the account of a senior customer.
The findings stated that during its investigation, FINRA purportedly also reviewed trading in certain other of Koehler’s customer accounts, including those associated with a second customer and her senior customer parents. FINRA allegedly sought to investigate, among other activity, whether Koehler engaged in unsuitable trading, including short-term mutual fund switching and excessive trading in customer accounts, placed undue influence on the second customer before her death, and failed to disclose to his member firm his status as a named beneficiary in the second customer’s will.
According to his FINRA BrokerCheck Report, Mark C. Koehler was registered with Kovack Securities in Chadds Ford, PA from March 2015 through June 2017. Prior to that, he worked for Cetera Advisor Networks in Chadds Ford, PA from December 2006 until he was allegedly discharged in February 2015 for “accepting blank, signed forms from customers in violation of firm policy, short term tading in mutual funds and other customer account trading activity under firm review.” Koehler has five disclosure events listed on his Broker Report.
For FINRA’s full findings see FINRA Case #2014040951701.
This information, which is publicly available on FINRA’s website, has been provided by The White Law Group.
If you have questions or concerns about investments you made with Mark C. Koehler, the securities attorneys of The White Law Group may be able to help you. To speak with a securities attorney, please call 888-637-5510.
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