Our firm is investigating LifeMark Securities Corp. financial advisor and registered representative Patrick Christopher Durst (CRD# 6328382) of Centennial, Colorado for potential investment-related misconduct.
Financial Advisor’s Career History
According to FINRA BrokerCheck, Durst was registered with Jackson National Life Distributors LLC (Denver, Colorado) from approximately August 2014 to June 2018, and has been registered with LifeMark Securities Corp. since July 2018. He also reports an outside business activity as an independent insurance agent with Front Range Financial LLC beginning in July 2018, and a non-investment-related rental property ownership activity beginning in September 2025.
Patrick Christopher Durst Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one disclosed customer dispute that is currently pending.
Pending FINRA Arbitration: Docket/Case No. 25-02365 (Filed October 29, 2025)
The pending matter alleges sales-practice violations tied to alternative investments and annuity purchases made from May 2020 through June 2021. The claimant seeks damages stated as between $100,000 and $500,000, plus costs and fees, and the BrokerCheck report lists alleged damages of $100,000.
Key allegations and reported details (as reflected on BrokerCheck):
- Forum / Case: FINRA arbitration, Case No. 25-02365 (filed 10/29/2025; complaint received 11/03/2025) — Pending
- Time period of purchases: 05/2020 to 06/2021
- Product types: Fixed annuity and Direct Investment (DPP & LP interests)
- Allegations: Unsuitable recommendation, Regulation Best Interest violation, and breach of fiduciary duty
- Claimed damages: stated as between $100,000 and $500,000, plus costs/fees (BrokerCheck lists $100,000 alleged damages)
To obtain a copy of Patrick Christopher Durst’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is implicated when a dispute alleges that a recommendation was not aligned with the customer’s investment profile (such as objectives, risk tolerance, liquidity needs, and time horizon). In a complaint asserting an unsuitable recommendation involving alternative products and annuity purchases, the suitability inquiry typically focuses on whether the recommendation made sense for the customer given product risks (including illiquidity and complexity), the role the product was supposed to play in a diversified portfolio, and whether the advisor had a reasonable basis and customer-specific basis for the recommendation under the circumstances.
FINRA Rule 2090 (Know Your Customer) requires reasonable diligence to understand essential facts about the customer and the authority of the person acting on the account. In matters alleging unsuitable recommendations and best-interest failures, Rule 2090 often becomes relevant because the adequacy of the fact-gathering and documentation (income, net worth, investment experience, objectives, liquidity constraints, and ability to withstand losses) can be central to evaluating whether the recommendation process was properly grounded in the client’s actual profile.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is a broad ethical rule that is frequently cited in sales-practice disputes involving alleged unfair conduct, inaccurate disclosures, or failures to deal honestly with customers. In an arbitration alleging unsuitable recommendations, Reg BI-related failures, and breach of fiduciary duty, Rule 2010 can provide an additional framework for evaluating whether the overall sales practice reflected just and equitable principles—particularly in how the risks, costs, liquidity limits, and expected role of the investments were explained to the customer.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.