Mark Kolta Investor Represented by Goldman Scarlato & Penny Securities Lawyers Files Arbitration Claims to Seek Compensation for Alleged Losses

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Apr 16, 2019, 16:57 ET

PHILADELPHIA, April 16, 2019 /PRNewswire/ -- The Goldman Scarlato & Penny investor rights lawyers have filed claims in arbitration on behalf of a former client of New York state registered representative Mark Kolta for alleged unsuitable investments.

The claims were filed against an independent broker-dealer firm that employed Kolta as its agent at the time of the alleged conduct. According to the Statement of Claims, filed in the Financial Industry Regulatory Authority's ("FINRA") arbitration forum, Kolta improperly invested his former client's money including by purchasing an untraded, illiquid real estate investment trust ("REIT") that was unsuitable given her investment profile and age. The Statement of Claims further alleges that transactions involving such inappropriate and illiquid investments should have been flagged by the broker-dealer firm.

Attorney Alan Rosca and his colleagues have filed claims on behalf of Kolta's former customer seeking compensation for her losses from the stockbrokerage firm that employed Kolta and had a duty to supervise his securities-related activities. Kolta already has multiple customer complaints listed in his BrokerCheck report, available to the public at brokercheck.finra.org.

The Goldman Scarlato & Penny investor rights lawyers are continuing their investigation into this matter. Former customers of Kolta who have concerns about their investments may contact attorney Rosca or his colleagues to provide useful information or with any questions about such investments.

What Kolta Investors May Do

If you lost money through your investments with Mark Kolta, you should call the Goldman Scarlato & Penny attorneys Alan Rosca, Paul Scarlato, or Doug Bench, to provide useful information or for a free, no-obligation evaluation of your legal options.

The Goldman Scarlato & Penny law firm represents investors who lose money as a result of investment-related misconduct. The firm takes most cases of this type on a contingency fee basis and advances the case costs. There are no fees or costs if no recovery.

Kolta investors may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at [email protected].

For more information about the Goldman Scarlato & Penny firm and attorneys, including their areas of practice and admissions, visit https://investorlawyers.org/ . Attorney advertising. © Goldman Scarlato & Penny PC 2019.

SOURCE Goldman Scarlato & Penny, P.C.