CORPUS CHRISTI, TEXAS

Are you a current or former client of advisor Mark Kemp from Corpus Christi, Texas? Our securities arbitration law firm is looking into allegations made against Mark Kemp, who has worked with McNally Financial Services since 2010. Kemp has been the subject of 12 customer complaints throughout his career, and three complaints have been made since 2021.

The most recent complaint alleges an unsuitable investment in reverse convertible securities. The reverse convertibles securities allegedly lost $157,600. Reverse convertibles are complex investment products that can carry risks, according to a FINRA investor alert.

Mark Kemp worked in an office in Corpus Christi, Texas while working for McNally Financial Services from 2010 to the present. In addition to the 12 customer complaints listed on Kemp’s BrokerCheck, Kemp was also discharged by two prior firms and also suspended by FINRA for five days in 2012.

Mark Kemp is an associated person of a FINRA member and therefore must follow FINRA Rules. One of those rules, FINRA Rule 2111, provides that financial advisors must make suitable investment recommendations to customers. Another pertinent rule, FINRA Rule 3110, provides that securities brokerage firms like McNally Financial Services have duties to adequately supervise the conduct of their advisors. If brokerage firms fail to do so, they may be liable to investors for financial losses.

Israels & Neuman regularly represents investors against brokerage firms in FINRA arbitration. We represent investors throughout the country, including investors in Texas.

View BrokerCheck Report: Kemp, m BrokerCheck 5.5.22

If you lost money with Mark Kemp or McNally Financial Services, please Contact Us at 720-599-3505 for a free evaluation of your case.