{"id":6395,"date":"2018-08-29T16:07:32","date_gmt":"2018-08-29T16:07:32","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6395"},"modified":"2018-08-29T16:07:32","modified_gmt":"2018-08-29T16:07:32","slug":"oppenheimer-found-liable-for-representative-mark-hottons-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/","title":{"rendered":"Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud"},"content":{"rendered":"<p>\t\t\t\tRecently, Oppenheimer was found liable for the conduct of one of its former brokers named Mark Hotton. Hotton joined Oppenheimer in November 2005, and proceeded to fleece a number of his clients, according to financial regulators. FINRA, the Financial Industry Regulatory Authority, has filed a disciplinary action against Hotton which is still pending.<\/p>\n<p>According to the complaint, Hotton outright stole almost $6 million from his brokerage customers, and directed another $2.5 million to outside businesses that Hotton was affiliated with in some way. These numbers don\u2019t even include the millions of dollars that FINRA believes that Hotton caused by excessively trading, or churning, customer accounts to generate commissions for himself.<\/p>\n<p>The level of fraud that Hotton was engaging in should be shocking if it wasn\u2019t becoming increasingly commonplace. In 2006, a customer filed a lawsuit against Hutton after it was convinced by Hotton to invest $4 million in real estate transactions. The customer claimed that Hotton simply stole the entire investment, which was accomplished by forging contracts, forging mortgages, forging account statements, and directing the investment being made into a shell corporation that he had created with a similar name to the company that was supposed to be invested in. Ultimately, that lawsuit was settled for millions of dollars which Hotton was individually liable for. Yet this lawsuit, its allegations, and its results were never disclosed to other customers as regulations require, permitting Hotton to continue to seek new customers to bilk.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/\"  title=\"Continue Reading Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recently, Oppenheimer was found liable for the conduct of one of its former brokers named Mark Hotton. Hotton joined Oppenheimer in November 2005, and proceeded to fleece a number of his clients, according to financial regulators. FINRA, the Financial Industry Regulatory Authority, has filed a disciplinary action against Hotton which is still pending. According to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,3786],"tags":[2956,3136],"class_list":["post-6395","post","type-post","status-publish","format-standard","hentry","category-current-investigations","category-oppenheimer","tag-fraud","tag-oppenheimer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"Oppenheimer was found liable for the conduct of one of its former brokers named Mark Hotton. Hotton joined Oppenheimer in November 2005, and proceeded to fleece a number of his clients, according to financial regulators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"Oppenheimer was found liable for the conduct of one of its former brokers named Mark Hotton. Hotton joined Oppenheimer in November 2005, and proceeded to fleece a number of his clients, according to financial regulators.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud | SSEK Law Firm Blog","description":"Oppenheimer was found liable for the conduct of one of its former brokers named Mark Hotton. 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Hotton joined Oppenheimer in November 2005, and proceeded to fleece a number of his clients, according to financial regulators.","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud","datePublished":"2018-08-29T16:07:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/"},"wordCount":763,"keywords":["Fraud","Oppenheimer"],"articleSection":["Current Investigations","Oppenheimer"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-found-liable-for-representative-mark-hottons-fraud\/","name":"Oppenheimer Found Liable for Representative Mark Hotton\u2019s Fraud | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-08-29T16:07:32+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Oppenheimer was found liable for the conduct of one of its former brokers named Mark Hotton. 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