Call Now For a Free Consultation:
(614) 502-6165

Meyer Wilson Investigates Accusations Involving Broker Marc W. Evans

Meyer Wilson is currently investigating accusations against broker Marc W. Evans that he sold securities without first getting approval from his employing firm. 

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 regulations.

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.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram