Are You Someone Who Suffered Losses While Working With Ex-American Portfolios Financial Services Broker Mark Hopkins? Our Broker Fraud Attorney Teams Want To Talk To You
Nearly one year after the US Securities and Exchange Commission (SEC) permanently barred American Portfolios Financial Services stockbroker Mark Lewton Hopkins, Shepherd Smith Edwards and Kantas (investorlawyers.com) are continuing to investigate claims of investment losses involving his former clients. The ex-Michigan financial advisor has been serving a prison term for defrauding investors.
Hopkins was a registered representative with American Portfolios Financial Services for nearly a decade. The firm allowed him to resign in 2018 over allegations that he engaged in selling away. Hopkins was barred by the Financial Industry Regulatory Authority (FINRA) in 2019. He worked at other broker-dealers before that during his 23 years in the industry.
The SEC and criminal charges came following allegations that he misappropriated at least $1.15M from customers at the broker-dealer. He is accused of telling his victims that he was going to invest their money in what proved to be a nonexistent program at a credit union and stealing their funds. He pled guilty to wire fraud.
If you are one of the investors who sustained losses in Hopkins’ investment scam, there is still time to pursue damaages. This could mean filing a FINRA arbitration claim against American Portfolios Financial Services. Broker-dealers must properly supervise their financial advisors, including their activities in customers’ accounts. The firms are supposed to identify red flags indicating broker theft or other kinds of misconduct. They have a responsibility to protect their customers from bad brokers seeking to defraud them.
How Can Your Seasoned Broker Fraud Lawyers Help?
If you contact us today, we can schedule a free case evaluation to discuss your investor losses and find out if you have legal grounds for financial recovery from the broker-dealer. Such claims are usually brought in FINRA arbitration.
Shepherd Smith Edwards and Kantas have been representing investors against broker-dealers for over three decades. We have helped thousands of clients to collectively recover many millions of dollars.
Should we agree to work together, our savvy broker-dealer negligence attorneys will conduct a thorough investigation into your losses, as well as prepare and file your complaint with FINRA arbitration. We will provide you with thorough and experienced securities representation.
Determining broker liability, as well as proving this warrants damages, can be very challenging. You want to hire a securities law firm that knows how to maximize your chances for a full financial recovery.
Call (800) 259-9010 today.