Mark Robert Holcombe; Source Capital Group; Westport, Connecticut
According to a recent Letter of Acceptance, Waiver and Consent (AWC), Mark Robert Holcombe, who was registered with Source Capital Group, was suspended for nine months and fined $10,000 by the Financial Industry Regulatory Authority (FINRA). Mr. Holcombe was accused of participating in a private securities transaction in or around January 2015, according to the AWC. These included Trident Brands Inc., a company at which Holcombe served as Chairman of the Board of Directors. Mr. Holcombe also allegedly participated in Trident’s sale of senior secured convertible debentures to a third party for $2.3 million by executing the note purchase agreement on Trident’s behalf. He did not provide notice to Source about either private securities transaction. This is against securities rules and regulations. For this, he was suspended for nine months and fined $10,000.
Mr. Holcombe was registered with Madison Williams and Company in New York, New York from September 2010 until July 2011, Global Hunter Securities in New York from September 2011 until April 2012, and Source Capital Group in Westport, Connecticut from April 2014 until December 2015. If you suffered losses with Mr. Holcombe, please call our Chicago-based securities law offices at 312–332–4200 to speak to one of our attorneys. The call is free with no obligation. We bring legal recourse against firms such as Source Capital Group in the FINRA arbitration forum on a contingency fee basis.