June 23, 2015- Columbia, South Carolina
The Securities Commissioner for South Carolina filed a Rule to Show Cause seeking to permanently ban Mark Christopher Hotton from the securities industry.
In 2013 Hotton was permanently barred from the securities industry by FINRA in FINRA Disciplinary Proceeding 2009017408101, which alleged that Hotton improperly used and converted nearly $6 million of customer funds while employed by Oppenheimer & Co. , Inc. The FINRA proceeding also alleges that Hotton forged and falsified numerous company documents to perpetuate is scheme, made unsuitable recommendations to customers and churned accounts.
Hotton has numerous customer complaints seeking damages on his official FINRA records, including an arbitration award of $2.35 million in damages to one customer.
Hotton was most recently registered as follows: 2/2012-5/2012
- Alexander Capital LP 9/2010-3/2012
- American Capital Partners 1/2009-8/2010
- Oppenheimer & Co. 11/2005-2/2009
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