Update For Investors: Mark Trewitt and VFG Securities

Stoltmann Law Offices is continuing to investigate Mark Trewitt, a former registered broker with VFG Securities. Mr. Trewitt allegedly acted negligently and breached his fiduciary duty in connection to investments in private non-traded real estate investment trusts (REITs), oil and gas products and direct investments. He also allegedly misappropriated funds related to an investment in KBR Barons Cove. These are all against securities rules and regulations. Many of these investments are risky and illiquid and come with high costs and have historically underperformed safe benchmarks, such as US treasury bonds. Many of these investments are not suitable for all customers. A broker must take into account a customer’s age, net worth, investment sophistication and investment objectives. If a broker recommends a security that is not suitable for the customer, his brokerage firm can be sued for financial losses. According to the Financial Industry Regulatory Authority (FINRA), Mr. Trewitt was previously registered with Sun Investment Services Company, AIG Equity Sales Corp, Cadaret, Grant & Co., Ogilvie Security Advisors Corp, Walnut Street Securities, Kalos Capital Inc., Madison Avenue Securities, Niagara International Capital Ltd and VFG Securities in Plano, Texas from November 2010 until November 2017. He has 13 customer disputes against him, 11 of which are currently pending. He is not currently registered as a broker within the industry.