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Mark Augusta: Complaints Against Del Mar, California Financial Advisor

Settled and pending complaints against Del Mar, California broker and investment advisor Mark Augusta (CRD#: 1333913) allege conduct including unauthorized trading, unsuitable investment recommendations, negligence, and more. Augusta is a representative of Hilltop Securities, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2019 complaint alleged that as a representative of Wedbush Securities, Mark Augusta executed unauthorized transactions and recommended unsuitable investments. The complaint alleges damages of $398,832.

A pending 2018 complaint alleged that as a representative of Wedbush Securities, Mark Augusta breached his fiduciary duty, recommended unsuitable investments, acted negligently, and violated California securities laws. The complaint alleges damages of $97,774.

A pending 2018 complaint alleged that as a representative of Wedbush Securities, he breached his fiduciary duty, committed elder abuse, acted negligently, and breached contract in the recommendation of fixed-income investments. The complaint alleges damages of $375,000.

A 2018 complaint alleged that as a representative of Wedbush Securities, he breached his fiduciary duty, committed fraud, misrepresented and omitted material facts, breached contract, and engaged in elder financial abuse. The complaint reached a settlement in 2019 of $73,900.

A 2017 complaint alleged that as a representative of Wedbush Securities and Hilltop Securities, he made an unsuitable investment recommendation. The complaint reached a settlement of $25,000.

A 2016 complaint alleged that as a representative of Wedbush Securities, he breached his fiduciary duty, recommended unsuitable investments, failed in his supervisory duties, committed fraud, engaged in unjust enrichment, committed elder financial abuse, and made misrepresentations and omissions of material facts. The complaint resulted in an award to the customer of $1,797,054

A 2000 complaint alleged that as a representative of Miller & Schroeder Financial, he made misrepresentations of material facts and recommended unsuitable municipal bond purchases. The complaint resulted in an award to the customer of $168,400.

Mark Augusta is currently registered with Hilltop Securities in Del Mar, California, where he has been registered since 2015. His employment history includes Wedbush Securities in Solana Beach, California; Stone & Youngberg in San Diego, California; Piper Jaffray & Company in La Jolla, California; Miller & Schroeder Financial in Minneapolis, Minnesota; and Baraban Securities. He currently holds 12 state licenses and has passed four securities industry qualification examinations.

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