Soreide Law Group Files FINRA Arbitration Claims Against Marc Korsch and Centaurus Financial
By: Soreide Law Group PLLC
SARASOTA, Fla. - Nov. 1, 2021 - PRLog -- A Cape Coral, Florida resident and his daughter in law from Ohio hired the securities arbitration law firm Soreide Law Group to recover their more than $150,000 in losses from bad investments made with former Centaurus Financial broker Marc Frederick Korsch ("Korsch"). According to FINRA's Broker check report of Korsch he has eleven (11) other pending or settled customer complaints on his record. Korsch is no longer registered with any firm and appears to no longer be in the securities industry at the time of this writing.
The Claimants, represented by Soreide Law Group, filed their case after sustaining dramatic losses in: FS Energy and Power or "FSEP", the Parking REIT, and other REITS such as Griffen Capital and Cottonwood. The lawsuit alleges that Marc Korsch, who worked out of Sarasota, Florida, recommended these positions to the Claimants in large concentrations. The lawsuit alleges that the Claimants did not want to be exposed to the risk these alleged unsuitable investments created which resulted in devastating losses to their portfolio. During the same time period when the Claimants suffered these losses the broader market indexes were up more than 50%. The Claimants also lacked an understanding of the illiquidity of these non-traded investments and see FS Energy and the Parking REIT are selling at steep discounts.
The Claimants attorney Lars Soreide, Esq., has also been contacted by several other former customers Marc Korsch who also owned the FS Energy and the Parking REIT. The investigation of Marc Korsch and Centaurus are ongoing by Soreide Law Group but it is likely that many other Korsch customers also bought similar investments. If you lost money with Korsch in any of the aforementioned investments please contact Soreide Law Group today at (888)760-6552.
The lawsuit filed on behalf of the Claimants accused Centaurus and broker Korsch, of negligence, breach of fiduciary duty, negligent supervision. Centaurus and broker Marc Korsch have yet to file Answer to the allegations.
The lawsuit is being arbitrated through Finra case number 21-02737. If you were a former customer of Marc Korsch and sustained substantial losses contact the Florida law firm of Soreide Law Group today for a free consolation. We represented investors nationwide through the FINRA Dispute Resolution Forum and only get paid out of the successful settlement or award proceeds should we able to recover your losses. For more information call (888) 760-6552 or visit SecuritiesLawyer.com
Soreide Law Group PLLC
Page Updated Last on: Nov 02, 2021