Mark Kaplan, Former Vanderbilt Securities Stockbroker, Subject of Recently Filed Customer Suit
BOCA RATON, Fla., March 26, 2018 /PRNewswire-PRWeb/ -- Rex Securities Law recently filed FINRA arbitration #18-01098 against brokerage firm Vanderbilt Securities on behalf of a family group that includes a couple in their 80's, their adult daughter and their handicapped adult son who requires daily assistance.
Our clients allege that Vanderbilt Securities failed to supervise former stockbroker Mark Kaplan, allowing him to churn their accounts and make unsuitable investment recommendations that resulted in substantial losses of retirement funds, while Vanderbilt and Kaplan were able to generate large commissions.
"Vanderbilt Securities has a duty to supervise their brokers to ensure that investment recommendations are in compliance with FINRA and securities industry rules," said Robert Rex, Esq., a securities lawyer who has been representing investors for more than 25 years. "It is unfortunate when retirees and the elderly suffer the loss of significant capital which they have no way of replacing."
For more information on the investigation of Mark Kaplan, call 561-391-1900 and speak with Nan Thompson or email [email protected].
The Law Office of Robert H. Rex (a part of Dickenson Murphy Rex & Sloan) represents investors nationwide who are seeking recovery of damages due to the fraud or negligence of stockbrokers and financial advisors.
Offices in Boca Raton, FL and Austin, TX.
For more information, visit http://blog.rexsecuritieslaw.com/.
SOURCE Dickenson Murphy Rex and Sloan
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