Mark Sam Kolta of New York New York a stockbroker formerly employed by National Securities Corporation is referenced in a customer initiated investment related arbitration claim in which the customer requested $750,000.00 in damages founded on allegations that (1) contractual obligations had been violated (2) fiduciary duties owed to the customer were not complied with and (3) the customer’s account was administered negligently as it pertained to real estate security and over-the-counter equity trades placed during the period in which Kolta was associated with National Securities Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01773 (Aug. 27, 2019).

FINRA Public Disclosure reveals that Kolta is referenced in fourteen more customer initiated investment related disputes pertaining to accusations of his violative conduct while employed with securities broker dealers including National Securities Corp and Aegis Capital Corp. In particular, Kolta is the subject of a customer initiated investment related arbitration claim where the customer sought $422,000.00 in damages based upon allegations that between September of 2013 and May 2017, contractual obligations to the customer had been breached; fiduciary duties were breached; the customer’s account had been handled with poor care; and unfounded statements were made by the stockbroker with respect to the terms, conditions or risks of a real estate security investment. FINRA Arbitration No. 18-03346 (Sept. 24, 2018).

Also, a customer filed an investment related arbitration claim involving Kolta’s conduct in which the customer requested damages estimated to exceed $5,000.00 supported by accusations of negligence, breach of fiduciary duty, breach of contract, and bad investment advice by Kolta with regard to non-traded real estate investment trust products and fixed annuities. FINRA Arbitration No. 19-00597 (Feb. 26, 2019).

Another customer initiated investment related arbitration claim concerning Kolta’s activities was resolved for $20,000.00 in damages founded on allegations that unauthorized trades were executed in the customer’s account; misrepresentations had been made about the terms and conditions of investments; the customer’s contract with the securities broker dealer was violated; fiduciary duties owed by the stockbroker had been breached; and the customer had been defrauded by investing in stocks through Kolta when he was associated with Aegis Capital Corp. FINRA Arbitration No. 19-00312 (July 25, 2019).

In addition, Kolta is referenced in a customer initiated investment related arbitration claim where the customer sought $300,000.00 in damages based upon accusations of Kolta breaching a fiduciary duty that he owed to the customer; giving the customer bad investment advice concerning alternative investments; and negligently recommending or effecting securities transactions while employed by National Securities Corp. FINRA Arbitration No. 19-00920 (Apr. 3, 2019).

Kolta’s registration with National Securities Corporation has been terminated as of June 2, 2017. Between June 8, 2017 and February 20, 2018, Kolta was associated with Aegis Capital Corp. Since April 6, 2018, Kolta has been registered with Worden Capital Management LLC.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

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