Advisor Alert: Our Attorneys Are Investigating Marc Frederick Korsch For Investment Fraud

Chetan Patil on March 11, 2024

Did You Lose Money Because of Marc Korsch?

Filed: March 11, 2024

Marc Korsch currently has eleven (11) pending customer complaints and five (5) pending judgment/lien events. Overall, he has been the subject of one (1) regulatory event, one (1) criminal event, fifty-eight (58) customer complaints, and five (5) judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Marc Frederick Korsch.

Who Is Marc Frederick Korsch?

  • Advisor Name: Marc Frederick Korsch
  • Aliases: Marc Korsch
  • CRD: 5525226
  • Location: Sarasota, Florida
  • Current Employer: No Longer Allowed to Practice in the Securities Industry
  • Previous Firms: Arkadios Capital, Centaurus Financial, Inc., and Trustmont Financial Group, Inc.
  • Number of Known Customer Complaints: 58
  • Number of Known Regulatory Events: 1
  • Number of Known Judgment/Lien Events: 5
  • Number of Known Criminal Events: 1
  • Can Marc Korsch Be Sued: Yes, in Private Arbitration
  • Can Marc Korsch’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $750,000
  • Highest Settlement: $1,046,098.31

If you have suffered investment losses by Marc Korsch, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Marc Korsch For Broker Misconduct

As of this publication date, Marc Korsch has been the subject of 58 customer disputes, 1 regulatory event, 1 criminal event, and 5 judgment/lien events. Let’s review them below.

In January 2024, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended high-risk, speculative investments, and failed to properly allocate and diversify claimant’s investment portfolio. Per the customer, he/she lost over $40,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In October 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended a high-risk, speculative, illiquid investment and breached his fiduciary duty. Per the customer, he/she lost over $30,000 because of Mr. Korsch’s actions. On February 14, 2024, Mr. Korsch settled the claim for $11,500, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In June 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch misrepresented illiquid, unsuitable investments and breached his fiduciary duty. Per the customers, they lost over $147,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $97,654.52, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In May 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during March 2019 through February 2020, Mr. Korsch recommended a speculative, high-risk and illiquid investment. Per the customers, they lost over $65,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In March 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended a speculative and illiquid investment. No dates for the alleged activity were identified in the Statement of Claim. Per the customers, they lost over $75,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In March 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended high-fee, illiquid, risky and inappropriate investments. Per the customers, they lost over $50,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $58,687.96, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In March 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch misrepresented unsuitable, illiquid investments and breached his fiduciary duty. Per the customers, they lost over $100,001 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $76,907.31, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In March 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, high-risk, speculative, illiquid investments and breached his fiduciary duty. Per the customers, they lost over $60,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $52,564.57, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In February 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable and illiquid investments. Per the customer, he/she lost over $200,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $84,329.98, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In January 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended illiquid, speculative and high-commission investments. Per the customer, he/she lost over $200,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In January 2023, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that in August 2015, Mr. Korsch recommended risky, illiquid and unsuitable investments. Per the customer, he/she lost over $160,000 because of Mr. Korsch’s actions. On June 2, 2023, Mr. Korsch settled the claim for $22,000, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In December 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period February 2017 through March 2021, Mr. Korsch recommended unsuitable, high-risk and illiquid investments. Per the customers, they lost over $500,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In December 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, complex, high-risk and illiquid investments. Per the customer, he/she lost over $100,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In December 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended high-fee, illiquid and risky investments. Per the customer, he/she lost over $120,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $84,328.15, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In December 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended a risky and speculative investment. Per the customer, he/she lost over $100,000 because of Mr. Korsch’s actions. On September 19, 2023, Mr. Korsch settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In October 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch misrepresented unsuitable, high-risk, and illiquid investments. Per the customer, he/she lost over $680,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $437,823.54, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In October 2022, a complaint was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch failed to follow her instructions and recommended an unsuitable, high-risk, and illiquid investment. Per the customer, she lost over $55,000 because of Mr. Korsch’s actions. On October 27, 2022, Mr. Korsch settled the claim for $12,500, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In October 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable and illiquid investments. Per the customer, he/she lost over $28,420 because of Mr. Korsch’s actions. On October 27, 2022, Mr. Korsch settled the claim for $12,500, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In October 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable and illiquid investments. Per the customer, he/she lost over $28,420 because of Mr. Korsch’s actions. On June 9, 2023, Mr. Korsch settled the claim for $26,250, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In October 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that in March 2019 Mr. Korsch recommended an unsuitable, speculative, high-risk and illiquid investment. Per the customer, he/she lost over $50,000 because of Mr. Korsch’s actions. On July 18, 2023, Mr. Korsch settled the claim for $15,500, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In October 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch misrepresented unsuitable, speculative and illiquid investments. On June 23, 2023, Mr. Korsch settled the claim for $38,500, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In September 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that beginning in or about 2014, Mr. Korsch recommended and misrepresented unsuitable, high-risk and illiquid investments. Per the customers, they lost over $200,000 because of Mr. Korsch’s actions.

In September 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended and misrepresented unsuitable, high-risk, illiquid investments and breached his fiduciary duty. Per the customers, they lost over $105,000 because of Mr. Korsch’s actions.

In September 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that beginning in or about 2014, Mr. Korsch recommended and misrepresented unsuitable, speculative, high-risk and illiquid investments. Per the customer, he/she lost over $100,000 because of Mr. Korsch’s actions. On August 21, 2023, Mr. Korsch settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In September 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that beginning in or about 2016, Mr. Korsch recommended and misrepresented unsuitable, high-risk and illiquid investments. Per the customer, he/she lost over $105,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $355,912.74, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In July 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period between 2018 through the present, Mr. Korsch recommended and misrepresented unsuitable investments. Per the customers, they lost over $500,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In July 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. and Arkadios Capital alleging that Mr. Korsch recommended and concentrated their portfolios in risky, illiquid, high-risk, high-commission and complex investments. Per the customers, they lost over $100,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In July 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that on or about 2014 through 2019, Mr. Korsch recommended high risk, high commission investments and breached his fiduciary duty. Per the customer, he/she lost over $200,000 because of Mr. Korsch’s actions. On December 21, 2022, Mr. Korsch settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In June 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. and Arkadios Capital alleging that during the period 2015, September 2019, December 2019 and June 2020, Mr. Korsch recommended unsuitable, high risk and illiquid investments and breached his fiduciary duty. As of this publication date, this claim remains pending.

In June 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that during the period 2019 through October 2020, Mr. Korsch recommended unsuitable, high risk and illiquid investments and breached his fiduciary duty. Per the customer, he/she lost over $119,867 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In June 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, high risk and illiquid investments and breached his fiduciary duty. Per the customers, they lost over $300,000 because of Mr. Korsch’s actions. On February 24, 2023, Mr. Korsch settled the claim for $45,500, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In June 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period September 2019 and September 2020, Mr. Korsch was negligent, misrepresented and recommended an unsuitable investment and breached his fiduciary duty. Per the customers, they lost over $90,000 because of Mr. Korsch’s actions. On December 9, 2022, Mr. Korsch settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In May 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period April 2019 through December 2019, Mr. Korsch breached his fiduciary duty with respect to their investments. Per the customers, they lost over $99,000 because of Mr. Korsch’s actions. On September 22, 2023, Mr. Korsch settled the claim for $45,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In May 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, high-risk, and illiquid investments. Per the customers, they lost over $235,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $248,037.84 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In May 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that during the period July 2020 through November 2020, Mr. Korsch recommended and over concentrated the customer’s portfolio in illiquid and risky private investments. Per the customer, he/she lost over $300,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $425,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In May 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, complex, high-risk, speculative and illiquid investments and breached his fiduciary duty. Per the customers, they lost over $575,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $728,708.93 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In April 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period 2014 to present, Mr. Korsch recommended illiquid, unsuitable, high risk and high fee investments. Per the customers, they lost over $610,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $206,578.09 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In April 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period 2014 to present, Mr. Korsch recommended and misrepresented illiquid, unsuitable and inappropriate asset allocations/investments. Per the customers, they lost over $310,000 because of Mr. Korsch’s actions. On June 15, 2023, Mr. Korsch settled the claim for $17,500 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In April 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, high-risk and high fee investments. Per the customers, they lost over $330,000 because of Mr. Korsch’s actions. On August 22, 2023, Mr. Korsch settled the claim for $118,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In April 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, complex, high-risk, speculative and illiquid investments and breached his fiduciary duty. Per the customers, they lost over $380,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $292,686.97 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In April 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, illiquid, high-risk, high fee investments and failed to maintain an appropriate asset allocation. Per the customers, they lost over $580,000 because of Mr. Korsch’s actions. On September 20, 2023, Mr. Korsch settled the claim for $465,594.93 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In February 2022, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable, high-risk, and illiquid investments. Per the customers, they lost over $250,000 because of Mr. Korsch’s actions. On May 2, 2023, Mr. Korsch settled the claim for $73,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In December 2021, FINRA initiated a regulatory action against or in reference to Marc Korsch for failing to respond to FINRA requests for information.

In December 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that during the period 2014 through February 2021, Mr. Korsch was negligent and misrepresented extremely high risk and unsuitable investments and breached his fiduciary duty. Per the customer, he/she lost over $300,000 because of Mr. Korsch’s actions. On December 5, 2022, Mr. Korsch settled the claim for $2,500 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In November 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Trustmont Financial Group, Inc. and Centaurus Financial, Inc. alleging that Mr. Korsch recommended investments in high-commission, unsuitable, complex and risky investments. Per the customers, they lost over $500,000 because of Mr. Korsch’s actions. An arbitration panel found that Marc Korsch was negligent and awarded $63,000 in favor of the customers.

In November 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period 2015 through February 2021, Mr. Korsch misrepresented high risk, unsuitable investments and breached his fiduciary duty. Per the customers, they lost over $200,000 because of Mr. Korsch’s actions. On March 24, 2023, Mr. Korsch settled the claim for $75,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In November 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch misrepresented high risk, unsuitable investments and breached his fiduciary duty. Per the customers, they lost over $150,000 because of Mr. Korsch’s actions. On December 9, 2022, Mr. Korsch settled the claim for $35,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In November 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Trustmont Financial Group, Inc. and Centaurus Financial, Inc. alleging that during the period 2013 through November 2021, Mr. Korsch misrepresented high risk and unsuitable investments. Per the customer, he/she lost over $500,000 because of Mr. Korsch’s actions. On May 11 2023, Mr. Korsch settled the claim for $90,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In November 2021, a complaint was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch concentrated her estate’s portfolio in unsuitable investments. Per the customer, she lost over $45,000 because of Mr. Korsch’s actions. On January 4, 2022, Mr. Korsch settled the claim for $18,500 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In September 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Trustmont Financial Group, Inc. and Centaurus Financial, Inc. alleging that Mr. Korsch recommended investments in high-commission, unsuitable, complex and risky investments. Per the customer, he/she lost over $700,000 because of Mr. Korsch’s actions. As of this publication date, this claim remains pending.

In September 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch concentrated his account(s) in high-commission, complex and risky investments. Per the customer, he lost over $400,000 because of Mr. Korsch’s actions. On January 18, 2023, Mr. Korsch settled the claim for $123,500 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In September 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch concentrated their account(s) in unsuitable, high-commission, complex and risky investments. Per the customers, they lost over $150,000 because of Mr. Korsch’s actions. On August 11, 2022, Mr. Korsch settled the claim for $40,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In August 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch made misrepresentations, recommended unsuitable, illiquid investments and breached his fiduciary duty. Per the customers, they lost over $200,000 because of Mr. Korsch’s actions. On September 16, 2021, Mr. Korsch settled the claim for $29,500 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In August 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch made misrepresentations, recommended unsuitable, illiquid investments and breached his fiduciary duty. Per the customers, they lost over $250,000 because of Mr. Korsch’s actions. On October 21, 2021, Mr. Korsch settled the claim for $29,750 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In June 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable investments and breached his fiduciary duty. Per the customers, they lost over $750,000 because of Mr. Korsch’s actions. On July 25, 2022, Mr. Korsch settled the claim for $66,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In June 2021, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch recommended unsuitable investments and breached his fiduciary duty. The customer further alleges that initials on the investment documents are not hers. Per the customer, she lost over $300,000 because of Mr. Korsch’s actions. On August 27, 2021, Mr. Korsch settled the claim for $22,500 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In April 2021, Marc Korsch was the subject of a civil judgment or lien in the amount of $47,975.84. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In March 2021, Marc Korsch was the subject of a civil judgment or lien in the amount of $392,011.65. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In January 2021, Marc Korsch was the subject of a civil judgment or lien in the amount of $149,851.50. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In December 2020, Marc Korsch was the subject of a civil judgment or lien in the amount of $266,529.70. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In December 2020, Marc Korsch was the subject of a civil judgment or lien in the amount of $479,998.20. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In October 2020, a FINRA arbitration was filed against or in reference to Marc Korsch by multiple customers of Centaurus Financial, Inc. alleging that during the period July 2014 to present, Mr. Korsch invested their accounts in unsuitable/high-risk investments and breached his fiduciary duty. Per the customers, they lost over $100,000 because of Mr. Korsch’s actions. On October 26, 2021, Mr. Korsch settled the claim for $37,000 and some or all of this amount may have been paid by Mr. Korsch’s employer and/or insurance carrier.

In June 2019, a complaint was filed against or in reference to Marc Korsch by a customer of Centaurus Financial, Inc. alleging that Mr. Korsch misrepresented and/pr provided misleading information with respect to the investments from august 12, 2014 through May 15, 2019. Per the customer, he/she lost over $53,000 because of Mr. Korsch’s actions.

In February 2017, a FINRA arbitration was filed against or in reference to Marc Korsch by a customer of Trustmont Financial Group, Inc. alleging violation of Florida’s Securities and Investor Protection Act § 517.011 et al; breach of fiduciary duty; common law fraud; failure to supervise; suitability; negligence/negligent misrepresentation/omission; breach of contract; restitution; and negligent supervision. Per the customer, he/she lost over $500,000 because of Mr. Korsch’s actions. An arbitration panel found that Marc Korsch was negligent and awarded $1,046,098.31 in favor of the customers.

In July 1998, misdemeanor and felony charges were pressed against Mr. Korsch in Circuit County Court of the Seventeenth Judicial Circuit. Mr. Korsch received 1 felony charge for unauthorized use of POSS of DL (F)3D and 1 misdemeanor charge for unauthorized use of POSS of DL (M)1D.

How To File A Claim Against Marc Korsch (previously with Arkadios Capital, Centaurus Financial, Inc., and Trustmont Financial Group, Inc.) To Get Your Money Back

If you have questions about Marc Korsch, Arkadios Capital, Centaurus Financial, Inc., Trustmont Financial Group, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.