Marc Minor: $75K Complaint Against Legacy Investment Advisor

Naples, Florida financial advisor Marc Minor (CRD# 2230271) allegedly made unauthorized trades, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Wealth, and that he is the president of Legacy Investment Services.

Mr. Minor’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Woodbury Financial Services, he recommended an unsuitable alternative investment and made unauthorized trades in the customer’s bond portfolio. The pending complaint alleges damages of $75,000.

An earlier investor complaint, filed in 2016, alleged misrepresentation in connection with a third-party money manager. The complaint reached a settlement of $5,000. “The complainant had come away from a previous presentation by the third party investment advisor with a different recollection of the investment strategy than her spouse,” reads a statement included with the disclosure. “While Woodbury found no merit to the complaint and it was denied in March 2016, the complaint was later settled in the interest of customer goodwill and an amicable relationship going forward.”

A third investor complaint, filed in 2006, alleged unsuitable investment recommendations, breach of fiduciary duty, and failure to diversify investments while he was a representative of Woodbury Financial Services. The complaint reached a settlement of $56,000.

According to the Financial Industry Regulatory Authority, Marc Minor holds 31 years of securities industry experience. Based in Naples, Florida, he has been registered as a broker and an investment advisor with Osaic Wealth since 2024. He is also the president of Legacy Investment Services. His past registrations include Woodbury Financial Services, Legacy Financial Services, NYLife Securities, MetLife Securities, and Metropolitan Life Insurance Company. His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 55 state licenses. (Information current as of May 28, 2024.)

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