Advisor Alert: Our Attorneys Are Investigating Mark Alan Hermes For Investment Fraud
Did You Lose Money Because of Mark Hermes?
Filed: March 11, 2024
Mark Hermes (also known as Mark A Hermes) has been the subject of two (2) customer complaints and two (2) 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 Mark Alan Hermes.
Who Is Mark Alan Hermes of PHX Financial, Inc.?
- Advisor Name: Mark Alan Hermes
- Aliases: Mark A Hermes
- CRD: 4200965
- Location: Fort Lauderdale, Florida
- Current Employer: PHX Financial, Inc.
- Previous Firms: Joseph Gunnar & Co. LLC, Westpark Capital, Inc., and Newport Coast Securities, Inc.
- Number of Known Customer Complaints: 2
- Number of Known Judgment/Lien Events: 2
- Can Mark Hermes Be Sued: Yes, in Private Arbitration
- Can Mark Hermes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $50,000
- Highest Settlement: Unknown
If you have suffered investment losses by Mark Hermes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses 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 Mark Hermes For Broker Misconduct
As of this publication date, Mark Hermes has been the subject of 2 customer disputes and 2 judgment/lien events. Let’s review them below.
In March 2023, a complaint was filed against or in reference to Mark Hermes by a customer of Joseph Gunnar & Co. LLC alleging that the client opened an account with Mr. Hermes and invested $50,000 of investing capital three years ago. The client requested conservative Investments. Looking over the account recently, the client noted that the entire $50,000 is lost and that a trading strategy for speculative short-term Investments was utilized to generate excessive commissions for the Firm and the Brokers allegedly. The client also alleged the account was churned, purchasing unsuitable stocks for excessive commissions and was subject to negligence, and failure to supervise. Per the customer, he/she lost over $50,000 because of Mr. Hermes’s actions.
In March 2014, a complaint was filed against or in reference to Mark Hermes by a customer of Sterne Agee Financial Services, Inc. alleging that Mr. Hermes engaged in unauthorized trading between 2/10/14 and 3/4/14. Per the customer, he/she lost over $5,001 because of Mr. Hermes’s actions.
In May 2012, Mark Hermes was the subject of a civil judgment or lien in the amount of $14,270. 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 May 2012, Mark Hermes was the subject of a civil judgment or lien in the amount of $35,516. 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.
How To File A Claim Against Mark Hermes of PHX Financial, Inc. (previously with Joseph Gunnar & Co. LLC, Westpark Capital, Inc., and Newport Coast Securities, Inc.) To Get Your Money Back
If you have questions about Mark Hermes, PHX Financial, Inc., Joseph Gunnar & Co. LLC, Westpark Capital, Inc., Newport Coast Securities, 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.