National investment loss lawyers KlaymanToskes is investigating broker Mark D’Ercole of Portsmouth Financial Services (CRD #820220).
According to FINRA BrokerCheck, Mark D’Ercole of Portsmouth Financial Services is currently facing an investor dispute filed on July 8, 2024, alleging failure to conduct reasonable due diligence, misrepresentation of facts, false statements, failure to supervise, and recommending an unsuitable investment, with the investor seeking $590,000 in damages.
A second customer complaint on D’Ercole’s BrokerCheck report alleges that a “section 79 Plan” and whole life insurance policy sold to the customer was unsuitable. The second complaint alleges $593,000 in investor damages.
Investors that suffered losses with broker Mark D’Ercole are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Mark D’Ercole, a former broker with Portsmouth Financial Services, is currently facing two investor disputes. This information was recorded on his BrokerCheck profile on August 13, 2024. The dispute started on July 8, 2024, and includes claims that D’Ercole did not do proper research, misrepresented facts, made false statements, and failed to supervise properly. The investor says that D’Ercole recommended an unsuitable investment and is asking for $590,000 in damages.
Another customer dispute also claims that D’Ercole recommended an unsuitable section 79 plan and a whole life insurance policy. The investor is seeking $593,000 in damages. Over his 46-year career, D’Ercole has been registered with seven firms, including Portsmouth Financial Services, Greenbook Securities, Robert Van Securities, Passport Securities, Wulff, Hansen & Co., Paine, Webber, Jackson & Curtis, and Paine, Webber, Jackson & Curtis Incorporated.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Mark D’Ercole. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Mark D’Ercole, or have concerns regarding your investment portfolio at Portsmouth Financial Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.