DID MARK DAVID WOLPERT CAUSE YOU INVESTMENT LOSSES?
Mark Wolpert Of MML Investors Services, LLC Has 5 Customer Complaints For Alleged Broker Misconduct
Who is Mark Wolpert of MML Investors Services, LLC?
Mark Wolpert (CRD #2692529) who is currently registered with MML Investors Services and located in Plymouth, Minnesota is a subject of one of our many securities industry sales practice abuse investigations. Prior to MML Investors Services, Mark Wolpert was associated with MSI Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Mark Wolpert has had his own regulatory problems. In July 2019, he consented to a cease-and-desist order, civil monetary penalty, order of restitution, and fine for allegedly making a recommendation to a customer to purchase a life insurance policy without having reasonable ground to believe. The recommendation was suitable for the customer and also making inaccurate statements about the life insurance policy.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Mark Wolpert Customer Complaints
Mark Wolpert has been the subject of5 customer complaints that we know about. One of Mark Wolpert’s 5 customer complaints was settled in favor of investors. Three of Mark Wolpert’s customers’ complaints were denied and, to date, the customers have not taken any further action. There is currently 1 FINRA arbitration proceeding that was recently filed against MSI Financial Services for Mark Wolpert’s alleged misconduct that is still pending.
Allen Wilson Customer Complaints
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Customer alleged that when Mark Wolpert recommended a transfer of funds from a variable annuity into a managed account, he did not provide information regarding the loss of supplemental riders within the annuity.
- Customer alleged the caliber and frequency of trades, facilitated by Mark Wolpert, within his advisory account is not appropriate.
- Customer alleged the investments made by Mark Wolpert within his advisory account were not suitable.
- The customer indicated that Mark Wolpert allegedly lied and pressured her into exchanging her existing life insurance policy into a new one.
- Misrepresentation, and sale of unsuitable, illiquid, complex, alternative investments disguised as a suitable investment strategy.
Mark Wolpert Red Flags & Your Rights As An Investor
Of course, Mark Wolpert did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Mark Wolpert at MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Mark Wolpert has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at MML Investors Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At MML Investors Services, LLC Due To Mark Wolpert
If you have questions about MML Investors Services, LLC and/or Mark Wolpert and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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