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Mark Wolpert Of MML Investors Services And Formerly With MSI Financial Services Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Mark Wolpert of MML Investors Services?

Mark Wolpert (CRD #2692529) who is currently registered with MML Investors Servicesand 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 a reasonable grounds to believe.  The recommendation was suitable for the customer and also making inaccurate statements about the life insurance policy.

Mark Wolpert Customer Complaints

Mark Wolpert has been the subject of 4 customer complaints that we know about. One of Mark Wolpert’s 4 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.

Allegations Against Mark Wolpert

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.

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 and MSI Financial Services 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 and MSI Financial Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At MML Investors Services Due To Mark Wolpert

If you have questions about MML Investors Services, MSI Financial Services, 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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