Cetera Investment Services Accused Of Stockbroker Theft
Mark Angelo Senofonte of Toms River New Jersey a stockbroker registered with Cetera Investment Services is the subject of a customer initiated investment related complaint on September 6, 2019 in which the customer requested $75,000.00 in damages based upon allegations that the customer’s fixed annuity had been liquidated without the customer’s consent and that the customer’s funds were converted or stolen by the stockbroker when he was associated with Cetera Investment Services.
Senofonte has been identified in four more customer initiated investment related disputes concerning accusations of his misconduct while employed by securities broker dealers including Cetera Investment Services and PrimeVest Financial Services Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related complaint concerning Senofonte’s activities where the customer sought $5,000.00 in damages founded on accusations that trades were executed by Senofonte without the PrimeVest Financial Services customer’s authorization and that misrepresentations were made about the annuity products sold by the stockbroker.
Another customer initiated investment related complaint pertaining to Senofonte’s conduct was settled for $26,455.07 in damages supported by allegations that information relating to the customer’s investment transactions had been concealed by Senofonte during the period in which Senofonte was employed by PrimeVest Financial Services Inc. On June 25, 2018, a customer filed an investment related complaint in reference to Senofonte’s conduct where the customer sought $25,000.00 in damages based upon accusations that misrepresentations were made to the customer about real estate security products and that the customer sustained unwarranted losses because of the stockbroker’s actions at Cetera Investment Services.
Senofonte is also referenced in a customer initiated investment related complaint which was settled on August 23, 2018 for $11,000.00 in damages based upon allegations that transactions effected in the customer’s Cetera Investment Services account failed to be reasonably supervised by the securities broker dealer. The customer was allegedly placed in bad investments by Senofonte. The complaint also alleges that information relating to those transactions had been misrepresented by Senofonte.
Senofonte has been employed by Cetera Investment Services since February 6, 2007.