Kimberly Sredich – Worklife Wealth Management – Grand Blanc, Michigan
Have you suffered losses investing with Kimberly Sredich and Worklife Wealth Management? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim.
According to a press announcement, on April 18, 2019, the Securities and Exchange Commission charged Kimberly Sredich, a Michigan resident, with allegedly stealing money from elderly brokerage customers of a registered broker-dealer with which she was associated.
Sredich, a sales assistant at the now closed Worklife Wealth Management Inc., was reportedly charged with allegedly stealing approximately $340,000 from the firm’s customers. Most of the investors were purportedly elderly, ranging in age from 67 to 91 years old.Worklife’s owner was reportedly affiliated with the FINRA-registered American Portfolio Financial Services.
The SEC’s complaint alleges that between 2014 and 2018, Sredich sold securities in at least 15 customer accounts and used blank letters of authorization previously signed by customers to transfer the proceeds to a company she controlled. She then allegedly transferred most of the stolen funds to a personal bank account.
In a parallel action, the U.S. Attorney’s Office for the Eastern District of Michigan reportedly filed criminal charges against Sredich, who was recently arrested by the FBI.
Failure to Supervise
The White Law Group is investigating the liability that Sredich’s employers may have for her actions.
Brokerage firms are required to adequately supervise their registered agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agent, they can be held responsible for losses in a FINRA arbitration claim.
If you suffered losses investing with Kimberly Sredich & Worklife Wealth Management, the attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, please visit www.whitesecuritieslaw.com.