Mark Fennelly: Complaint Against Vanguard Advisor Sought $1 Million

Plano, Texas financial advisor Mark Fennelly (CRD# 4610426) was recently involved in an investor complaint alleging his investment advice resulted in damages exceeding one million dollars. Records maintained by the Financial Industry Regulatory Authority indicated that he is currently a broker and an investment advisor registered with Vanguard Marketing Corporation and Vanguard Advisers, respectively.

Mr. Fennelly’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleged that as a representative of Vanguard, he recommended equity and bond investments that suffered losses. The complaint alleged damages of more than $1 million and was closed by the firm with no action taken. A statement included with the disclosure notes: “The firm found that the investment recommendations made by he advisor were consistent with Vanguard’s advice methodology. There was no indication of any wrongdoing by the advisor.”

According to the Financial Industry Regulatory Authority, Mark Fennelly holds nine years of securities industry experience. Based in Plano, Texas, he has been a broker and an investment advisor with Vanguard Marketing Corporation and Vanguard Advisers, respectively, since 2021. His past registrations include State Farm VP Management Corporation (Bloomington, Illinois; 2021), ISAA Financial Planning Services and USAA Financial Advisors (2010-2012), and State Farm VP Management Corporation (Bloomington, Illinois; 2003-2008). His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the General Securities Representative Examination, or Series 7TO; and the Uniform Securities Agent State Law Examination, or Series 63. He is registered in Arizona and Texas. (Information current as of December 26, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.