Who is Mark Boucher? Broker Mark Boucher (CRD #2187695) is a former financial advisor who was charged with misappropriating over 2 million from clients. In 2020, the SEC filed charges against him, and in 2022, a federal court found him liable. He was banned from working as a broker by FINRA in December 2022.
National investment loss lawyers KlaymanToskes is investigating broker Mark Boucher (CRD# 2187695) of Strategic Wealth Advisors Group.
According to SEC and FINRA investigations, Mark Boucher of Strategic Wealth Advisors Group allegedly misappropriated $2.2 million from three clients’ accounts through unauthorized transfers and forgery over a decade-long period from 2010 to 2020, resulting in his permanent suspension from associating with any FINRA member firm.
Investors that suffered losses with broker Mark Boucher are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to the Securities and Exchange Commission (“SEC”), Mark Joseph Boucher and his company Strategic Wealth Advisors Group misappropriated $2.2 million from three clients’ accounts over a ten-year period from December 2010 to July 2020. The misappropriated funds reportedly included $669,000 from a widow in her 60s, which Boucher used for personal expenses including credit card payments. Boucher allegedly impersonated clients over the phone to authorize unauthorized wire transfers and forged documents to facilitate the transfers. The SEC found that certain records confirm Boucher sold and wired $60,000 worth of investments from a client’s account to purchase a Chevrolet Camaro for himself. Between August 2019 and July 2020, he reportedly misappropriated $1.5 million from a deceased client’s trust accounts, creating a forged letter claiming the funds were gifted to him. The Securities and Exchange Commission investigation disclosed that Boucher made misrepresentations throughout this period to conceal the unauthorized transfers. FINRA records confirm that Boucher was hit with a suspension in December 2022.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Mark Boucher, or have concerns regarding your investment portfolio at Strategic Wealth Advisors Group, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.