Kim Kopacka allegedly enabled her husband, who was barred by FINRA 20 years ago, to continue doing securities transactions from 2002 to 2016.
The Sonn Law Group is investigating allegations that Kim Kopacka committed misconduct. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
Kim Kopacka (CRD#:3153396) was barred by FINRA following allegations that she and another individual, Beth DeBouvre, permitted and enabled a disqualified and barred person to conduct securities business by allowing Kopacka’s husband to associate with and conduct securities business through member firms and engage in activities requiring registration, despite the fact that he was barred by FINRA.
FINRA’s complaint alleges that for the last 20 years, Kopacka and DeBouvre allowed Kopacka’s husband to meet with new and existing firm customers and recommend the purchase and sales of securities to them, resulting in securities transactions of approximately $42.65 million and commissions of approximately $6.35 million.
Kopacka was suspended for two years for the misconduct and DeBouvre was suspended for 15 months.
Mr. Kopacka was barred in 1998 by FINRA’s predecessor, NASD. His wife later became a licensed broker in 1999, and allegedly worked as a front for her husband’s securities business. According to the complaint, Mr. Kopacka worked in a back office while Ms. Kopacka worked in the reception area.
Mr. Kopacka was fined $340,000 and barred from the securities industry as a result of allegations that he continued to meet with existing and new clients and recommended securities transactions.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.