Mark Tauzin of Lafayette, Louisiana Sued by FINRA for Unsuitable UIT Trading
Have you lost money with financial advisor Mark Tauzin of Lafayette, Louisiana? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) against Mark Tauzin, a former advisor at LPL Financial. FINRA alleged that Tauzin engaged in unsuitable short-term trading of Unit Investment Trusts (or UITs) between November 2012 and November 2014. Moreover, FINRA alleged that Tauzin maintained blank, signed forms in his files, in violation of LPL’s policies and FINRA rules. To settle these allegations, Tauzin agreed to an eight-month suspension from the securities industry, a $20,000 fine, and to repay partial restitution of $205,115 of ill-gotten gains.
Mark Tauzin was a financial advisor and registered representative of LPL Financial from September 2009 to November 2014. He worked at a branch office in Lafayette, Louisiana. Tauzin’s BrokerCheck report discloses that he is the subject of one customer complaint, making allegations regarding UITs. He is also affiliated with a registered investment advisory firm called Spirit Capital.
Brokerage firms like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado, the Seattle area, Chicago, and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in Louisiana in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.
Click to view: Mark Tauzin FINRA AWC
Click to view: Mark Tauzin BrokerCheck 10.20.16
HAVE YOU LOST MONEY WITH MARK TAUZIN OR LPL FINANCIAL?
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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.