Mark Wolpert is the Subject of an Alternative Investment Dispute

Mark Wolpert (CRD #: 2692529), a broker registered with MML Investors Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 21, 2024. Keep reading if you have questions regarding this conduct. 

Investor Allegations 

On December 19, 2023, an investor alleged Mark Wolpert misrepresented investments. The investor further alleged that the broker sold him illiquid, unsuitable, and complex alternative investments. The investor is seeking $50,000. 

Unsuitable Illiquid Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid investments often do not suit a client’s best interests. Investments that do not take these factors into account may be unsuitable. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. Brokers must always disclose the risks associated with illiquid investments, such as early withdrawal fees. 

Tax Lien 

Mark Wolpert is the subject of a tax lien for $696,868.82.

Regulatory Action 

On April 11, 2019, Mark Wolpert became the subject of a regulatory action and a $6,000 fine in the State of Minnesota for allegedly recommending an unsuitable life insurance product.

Background Information 

Mark Wolpert has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 14 states and is a registered investment adviser in Minnesota and Texas. 

During his 28 years of experience, he has registered with three firms: 

• MML Investors Services (CRD #: 10409) 
• MSI Financial (CRD #: 14251) 
• Metropolitan Life Insurance Company (CRD #: 4095) 

Kurta Law Can Help 

If you have worked with Mark Wolpert and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.