Marc Linsky (CRD#: 1450006), a registered representative with ProEquities, Inc. (CRD#: 15708) in Marlton, New Jersey, is currently involved in a customer dispute in which a client alleges that Marc Linsky’s recommendation of GPB Automotive Holdings was negligent, according to Marc Linsky’s BrokerCheck record accessed on February 24, 2020.
On January 21, 2020, a client filed a customer complaint against Marc Linsky, alleging that he acted negligently, breached his fiduciary duty, and breached his contract regarding the investment recommendation of GPB Auto, which he made in October 2016. The client further alleges that Marc Linsky violated the Pennsylvania Securities Act, as well as the Pennsylvania Unfair Trade Practices and Consumer Protection Law. The client is seeking $80,000 in damages.
Why is Marc Linsky’s recommendation of GPB Automotive Holdings so concerning? GPB is accused of running a Ponzi scheme. In February 2019, the FBI raided the firm’s New York headquarters, seizing records as part of its investigation. William Galvin, the Massachusetts Securities Commissioner, continues to investigate the 63 brokerage firms that sold GPB private placements. In recent months, clients have filed complaints against brokers who recommended GPB alternative investments, including GPB Automotive Holdings.
Marc Linsky has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 8 – General Securities Sales Supervisor Examination (Options Module & General Module). Marc Linsky is licensed to sell securities in California, Connecticut, Delaware, Florida, Georgia, Maryland, Minnesota, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia.
Over his 34-year career in the securities industry, in addition to his current role at ProEquities, Inc. (CRD#: 15708), Marc Linsky has also worked for the following firms:
- Concorde Investment Services, LLC (CRD#: 151604)
- Summit Brokerage Services, Inc. (CRD#: 34643)
- Lincoln Financial Securities Corporation (CRD#: 3870)
- Securities America, Inc. (CRD#: 10205)
- Morgan Stanley DW Inc. (CRD#: 7556)
- Prudential Securities Incorporated (CRD#: 7471)
- Painewebber Incorporated (CRD#: 8174)
- Lehman Brothers Inc. (CRD#: 7506)
- Smith Barney, Harris Upham & Co., Incorporated (CRD#: 7059)
- F. Hutton & Company Inc. (CRD#: 235)
If Marc Linsky was your broker and you have questions about your investments in GPB, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for recovery. Call (877) 238-4175 or email email@example.com for your free case consultation.