Advisor Alert: Our Attorneys Are Investigating Mark Lewton Hopkins For Investment Fraud
Did You Lose Money Because of Mark Hopkins?
Filed: January 16, 2024
Mark Hopkins currently has one (1) pending civil event. Overall, he has been the subject of three (3) regulatory events, one (1) civil event, three (3) customer complaints, one (1) termination event, and one (1) financial event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Mark Lewton Hopkins.
Who Is Mark Lewton Hopkins?
- Advisor Name: Mark Lewton Hopkins
- Aliases: Mark Hopkins
- CRD: 2653473
- Location: Grand Blanc, Michigan
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: American Portfolios Financial Services, Inc., LPL Financial Corporation, and American Express Financial Advisors Inc.
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 3
- Number of Known Civil Events: 1
- Number of Known Termination Events: 1
- Number of Known Financial Events: 1
- Can Mark Hopkins Be Sued: Yes, in Private Arbitration
- Can Mark Hopkins’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $400,000
If you have suffered investment losses by Mark Hopkins, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Mark Hopkins For Broker Misconduct
As of this publication date, Mark Hopkins has been the subject of 3 regulatory events, 3 customer disputes, 1 civil event, 1 termination event, and 1 financial event. Let’s review them below.
In March 2023, United States Securities and Exchange Commission initiated a regulatory action against or in reference to Mark Hopkins after The Commission finds that on May 26, 2022, Hopkins pled guilty to one count of wire fraud.
In July 2020, a civil event action was filed against or in reference to Mark Hopkins.
In November 2019, Michigan initiated a regulatory action against or in reference to Mark Hopkins for omitting a material fact necessary to make other statements made not misleading when he recommended that XXX liquidate securities to be invested in a credit union investment on XXX behalf, but omitted to state that the liquidated funds would not be invested in an account over which XXX had any ownership or control, contrary to section 501 of the Securities Act, MCL 451.2501.
In July 2019, a FINRA arbitration was filed against or in reference to Mark Hopkins by a customer of American Portfolios Financial Services, Inc. alleging that Mr. Hopkins solicited $500,000 purportedly for an investment away from APFS and utilized the funds for his own purposes. Per the customer, he/she lost over $500,000 because of Mr. Hopkins’s actions. On September 28, 2020, Mr. Hopkins settled the claim for $175,000, and some or all of this amount may have been paid by Mr. Hopkins’s employer and/or insurance carrier.
In May 2019, FINRA initiated a regulatory action against or in reference to Mark Hopkins for refusing to produce documents and information requested by FINRA in connection with its investigation relating to the issues disclosed in his Form U5.
In March 2019, a complaint was filed against or in reference to Mark Hopkins by a customer of American Portfolios Financial Services, Inc. alleging that Mr. Hopkins solicited funds for an investment away from the broker-dealer at a credit union. The credit union has no FBO account [REDACTED]. Per the customer, he/she lost over $400,000 because of Mr. Hopkins’s actions. On March 22, 2021, Mr. Hopkins settled the claim for $400,000, and some or all of this amount may have been paid by Mr. Hopkins’s employer and/or insurance carrier.
In December 2018, American Portfolios Financial Services, Inc. terminated Mark Hopkins for accepting customer funds for an investment not on the books of the B/D without obtaining pre-approval.
In December 2016, Mr. Hopkins had outstanding debt totaling $108,000. Mr. Hopkins settled this matter in the amount of $25,000.
In August 2008, a complaint was filed against or in reference to Mark Hopkins by a customer of LPL Financial alleging that purchase of REIt in October 2006 was unsuitable. Per the customer, he/she lost over $7,125 because of Mr. Hopkins’s actions.
How To File A Claim Against Mark Hopkins (previously with American Portfolios Financial Services, Inc., LPL Financial Corporation, and American Express Financial Advisors Inc.) To Get Your Money Back
If you have questions about Mark Hopkins, American Portfolios Financial Services, Inc., LPL Financial Corporation, American Express Financial Advisors Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.