Mark Jensen: LJM Fund Complaints Against Santa Fe Rep

Tembion Capital Management adviser Mark Jensen (CRD# 2748816) has received numerous investor complaints alleging he various forms of misconduct related to investments in LJM Preservation and Growth. According to the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), he is located in Santa Fe, New Mexico, and used to be a broker registered with Ameriprise Financial Services. 

FINRA records disclose eight investor complaints that resolved either with a settlement or an award in the claimant’s favor. The most recent complaint was filed in 2021, alleging that as a representative of Tembion Capital Management, he breached his fiduciary duty in connection with an investment in the LJM Preservation and Growth Fund. This complaint eventually reached a settlement of $45,000. A complaint filed in 2020, meanwhile, alleged that as a Tembion Capital Management representative, he breached his fiduciary duty, acted professionally negligent, negligently misrepresented material facts, and violated New Mexico law in connection with LJM Partners investments. This complaint reached a settlement of $119,216.

Another complaint filed in 2020 alleged that Mr. Jensen engaged in wrongful conduct, breached written and oral contracts, committed constructive fraud and fraud by misrepresentation and omission, violated state and federal securities laws, failed in his supervisory duties, and breached his fiduciary duty in connection with their parents’ investments in LJM Partners. This complaint reached a settlement of $53,678. Two years earlier, a complaint filed in 2018 alleged negligence and breach of fiduciary duty in connection with LJM Partners investments, settling for $400,000. A similar 2018 complaint alleged breach of fiduciary duty, professional negligence, and violation of New Mexico laws surrounding the same products, settling for $427,329. Two other 2018 complaints about LJM Preservation & Growth investments reached settlements of $60,000 and $225,000, respectively; a third concluded with a FINRA arbitration panel’s award to the claimant of $272,029.53.

As Mr. Jensen states in comments on these disclosures in his BrokerCheck report, the LJM Preservation and Growth Fund “collapsed” in February 2018, “losing much of its value over two days.” The investment ha deceived high ratings and “had a track record of limiting losses during market declines,” he states, adding that Tembion Capital Management concluded that the fund’s management was responsible for its failure. “A forensics expert engaged by Tembion could uncover no red flags signaling the impending collapse,” his comment states. 

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Mark Jensen holds 25 years of securities industry experience. He is a representative of Tembion Capital Management and Stratos Wealth Partners in Santa Fe, New Mexico. His past registrations include Ameriprise Financial Services (Santa Fe; 1996-2012) and IDS Life Insurance Company (Minneapolis, Minnesota; 1996-2006). His credentials include the passage of six securities industry qualifying exams: the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Representative Examination, or Series 7; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; and the General Securities Principal Examination, or Series 24. He is licensed as an investment adviser in New Mexico and Texas. (Information current as of March 31, 2022.)

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