Mark Robare (CRD #: 1057899), a broker registered with Triad Advisors LLC and an investment advisor registered with Triad Hybrid Solutions LLC, is the subject of multiple investor complaints regarding unsuitable investment recommendations, according to his BrokerCheck record accessed on August 21, 2020.
On June 9, 2020, an investor alleged that Mark Robare made unsuitable investment recommendations from 2013 to 2015. The dispute is pending.
On March 16, 2020, an investor alleged that Mark Robare made unsuitable investment recommendations beginning in 2014. The client is seeking $400,000; the dispute is pending.
There is another disclosure in Mark Robare’s BrokerCheck record.
On November 2, 2014, the Securities Exchange Commission (SEC) sanctioned Mark Robare with a cease-and-desist order imposed a civil penalty of $50,000. The SEC alleged that Mark Robare failed to disclose compensation he received through a registered broker-dealer and that in 2004, the broker-dealer agreed to pay Mark Robare a specified amount for all client assets invested in certain mutual funds. The SEC asserts that the agreement created incentives for Mark Robare to favor particular mutual funds, and that he provided an inadequate disclosure about this conflict of interest to his investors, in violation of federal securities laws.
Mark Robare has passed the Series 65 Uniform Investment Adviser Law Examination, and the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essential Examination, the Series 7 General Securities Representative Examination, the Series 22 Direct Participation Programs Representative Examination, the Series 6 Investment Company Products / Variable Contracts Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in Alabama, California, Colorado, Florida, Indiana, Iowa, Kansas, Louisiana, Maryland, Mississippi, Montana, New Mexico, New York, North Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia. He is also a registered investment adviser in Texas.
In his 33 years of experience, Mark Robare has worked at the following firms:
- Robare & Jones Wealth Management (CRD #: 116597)
- Veravest Investment Advisors, Incorporated (CRD #: 105796)
- Veravest Investments, Incorporated (CRD #: 3960)
If Mark Robare was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.