Securities Lawyers Blog
Previously financial advisor Mark Macarthur (Macarthur), previously employed by brokerage firm Ausdal Financial Partners, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $500,000.00 on April 15, 2026.
Unsuitable investments and lack of supervision related to private placements purchased in 2013 by the client’s late spouse, and investments within an advisory account with the Rep’s approved outside RIA.