Former Michigan Registered Representative Consents to Bar for Refusing to Cooperate with FINRA InvestigationWednesday, May 29, 2019
Former American Portfolios Financial Services, Inc. registered representative Mark Lewton Hopkins recently consented to a bar from associating with member firms of the Financial Industry Regulatory Authority (FINRA) for refusing to provide documents and information pursuant to FINRA Rule 8210. Hopkins was associated with American Portfolios in Grand Blanc, Michigan from July 2009 to December 2018.
According to his FINRA BrokerCheck report, American Portfolio permitted Hopkins to resign after he had allegedly accepted customer funds for an investment outside of the firm and without obtaining approval from his member firm to conduct outside business activity. The Form U5 also stated that he had failed to report a judgment. Shortly after receiving the Form U5, FINRA Department of Enforcement opened an investigation into these allegations.
According the Letter of Acceptance Waiver and Consent (AWC) approved by FINRA Department of Enforcement on May 15, 2019, FINRA staff requested documents and information pursuant to FINRA Rule 8210. Hopkins failed to respond to this request thus violating FINRA Rules 8210 and 2010.
By signing the AWC, Mark Hopkins consented, without admitting or denying the allegations against him, to a bar from associating with any FINRA member in any capacity.
Oftentimes brokerage firms can be held liable for the brokers’ misconduct if they failed to supervise them while registered at the firm. If you lost money while investing under Mark Hopkins and you suspect wrongdoing, you may be able to recover from him or American Portfolios Financial Services, Inc., the brokerage firm where he was registered. Since 1998, the experienced attorneys at ChapmanAlbin LLC have been fighting for victims of investment fraud and broker misconduct. Call us today at 1-877-410-8172 for a free consultation.