MARK ALLEN MCMACHEN is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES FINANCIAL SERVICES, INC. located at 5940 TAHOE DRIVE SOUTHEAST, SUITE 101, GRAND RAPIDS, MI, 49546.
MARK ALLEN MCMACHEN has worked at RAYMOND JAMES FINANCIAL SERVICES, INC. since October 05, 2001
Disclosure History
MARK ALLEN MCMACHEN has 1 Disclosure Event(s).
Date: November 01, 1993 Category: Customer Dispute Allegations: ALLEGATION WAS THAT SEVERAL OF SEVEN INVESTMENT PRODUCTS PURCHASED BY PLAINTIFF WERE NOT WELL SUITED FOR HER. PLAINTIFF'S CLAIM WAS FOR AN UNSPECIFIED AMOUNT IN EXCESS OF THE COURT'S JURISDICTIONAL MINIMUM. Damage Amount Requested: $400,000.00 Settlement Amount: $25,000.00 Broker Comment: PRUDENTIAL SECURITIES MADE A NUISANCE VALUE SETTLEMENT PAYMENT OF $25,000 TO HAVE ALL CLAIMS AGAINST ALL DEFENDANTS DISMISSED. THE CLAIMS AGAINST MR. MCMACHEN WEREDISMISSED WITHOUT HIM MAKING ANY SETTLEMENT PAYMENT. PLAINTIFF FILED A PRODUCT-RELATED COMPLAINT. INITIALLY PLAINTIFF SUED SEVEN PRODUCT PROVIDERS, A BROKERAGEFIRM AND MR. MCMACHEN. PLAINTIFF DID NOT SPECIFY HER DAMAGES, BUT ALLEGED GENEARLLY THAT THEY WERE IN EXCESS OF $400,000. SOME DEFENDANTS WERE NOT SERVED OR WERE DISMISSED BY PLAINTIFF PRIOR TO OCTOBER 28, 1994. PRUDENTIAL'S INTERNAL INVESTIGATION DEMONSTRATED THAT MR. MCMACHEN DID NOTHING WRONG. PLAINTIFF AGREED TO DISMISS ALL THE CLAIMS AGAINST MR. MCMACHEN AS PART OF A SETTLEMENT WITH THE TWO OTHER REMAINING DEFENDANTS ON OCTOBER 28, 1994.
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