Mark Hopkins, American Portfolio Financial Services, Grand Blanc, MI
According to the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred Mark Hopkins, a former financial advisor in Grand Blanc, MI, from associating with any FINRA member at any time.
Without admitting or denying the findings, Hopkins reportedly consented to the sanction and to the entry of findings that he refused to produce documents and information requested by FINRA in connection with its investigation relating to the issues disclosed in his Form U5.
According to Hopkins’ FINRA BrokerCheck report he was registered with American Portfolio Financial Services in Grand Blanc, MI from July 2009 until December 2018 when he was permitted to resign because he allegedly “accepted customer funds for an investment not on the books of the Broker Dealer without obtaining pre-approval. Funds were returned to customer. Failure to update OBAs. Failure to report judgment.”
Hopkins and his assistantKimberly Sredich worked together at WorkLife Wealth Management in Grand Blanc, Michigan. As we told you in April, Sredich was recently charged with allegedly stealing money from elderly brokerage customers.
According to a customer complaint on March 25, 2019, Hopkins allegedly solicited funds for an investment away from the broker-dealer at a credit union and “presented a copy of an altered bank check as evidence of his ability to repay.” The damage amount requested is $400,000.
Recovery of Investment Losses
The White Law Group is investigating potential claims involving Mark Hopkins and the liability his former employers may have for failure to properly supervise him.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
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.
We represent investors in FINRA arbitration claims in all 50 states, including Florida. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Mark Hopkins and American Portfolio Financial Services, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.