Meyer Wilson is currently investigating accusations against broker Marc
W. Evans that he sold securities without first getting approval from his
Marc W. Evans (CRD# 859585) faced accusations that he participated in the
sale of private securities without gaining permission from his employing
firm. According to filings, Evans convinced 11 of his clients to invest
a collective $3,430,000 in GSL shares. The transactions resulted in Evans
receiving commissions amounting to $79,500.
Evans also faced accusations that over about a five-year span, he sold
real-estate limited partnership interests totaling $5,705,250, yielding
$56,572 in commissions. From October 1, 2006 to October 11, 2012, The
Oklahoma Department of Securities (ODS) found that Evans had failed to
notify and gain permission from Sanders Morris Harris, Inc. (his employer
firm) of the following:
- That he was on the Global Safety Labs (GSL) board of directors, and
- That he had participated in securities transactions issued by GSL
The first is a violation of NASD Conduct Rules 3030 & 2110 and FINRA
Rules 3270 & 2010. The latter is a violation of NASD Conduct Rules
3040 & 2110 and FINRA Rule 2010. The ODS issued a consent order (Filed on April 1, 2013) which effectively suspended Evans from practicing securities and imposed
a civil penalty of $80,000.
In response to the allegations against him, Evans submitted a
Letter of Acceptance, Waiver and Consent.
As a registered securities broker, Evans had an obligation to act in the
best interests of his clients and to adhere to all securities industry
If you lost money through the misconduct alleged against Evans, contact
a securities fraud lawyer at Meyer Wilson. We help investors recover losses
caused by fraud and misconduct, so contact us today for a
free evaluation of your case.