Kimberly Sredich – SEC Charges with Misappropriation Scheme

Goodman & Nekvasil P.A. May Recover Investor Losses | Kimberly Sredich – SEC Charges with Misappropriation Scheme

Securities and Exchange Commission Charges Kimberly Sredich with Misappropriation Scheme

Kimberly Sredich was reportedly a sales assistant to a registered representative associated with Worklife Wealth Management, Inc. Worklife’s owner was reportedly affiliated with American Portfolio Financial Services. In this capacity, according to the SEC, Kimberly Sredich was permitted to communicate directly with brokerage customers and had direct access to customer brokerage accounts. According to the SEC, between August 2014 and June 2018, Kimberly Sredich misappropriated at least $339,725 from at least 15 customer brokerage accounts. According to the SEC, most of the brokerage account holders she targeted were elderly people, ranging from 67 to 91 years old. During that time period, Kimberly Sredich caused at least 41 separate check disbursements, made payable to “Michigan Elite,” to be made from these brokerage accounts. According to the SEC, these 41 checks were deposited into a business account at ELGA Credit Union (“ELGA”) that Kimberly Sredich controlled with her husband. According to the SEC, Michigan Elite is an alleged business owned by Kimberly Sredich and her husband. According to the SEC, there is no such business associated with Kimberly Sredich or her husband registered with the Michigan Secretary of State. Moreover, according to the SEC, Michigan Elite does not appear to have any online presence.

ACCORDING TO THE SEC: These disbursements were made without the authorization or consent of Kimberly Sredich’s brokerage customers. According to the SEC, Kimberly Sredich facilitated the disbursements by either forging account holders’ signatures or using blank letters of authorization that account holders had previously signed. According to the SEC, on multiple occasions, Kimberly Sredich liquidated securities in customer accounts shortly before she misappropriated the customer funds. According to the SEC, after transferring customer funds to the Michigan Elite account, Kimberly Sredich typically moved those funds to her personal account at ELGA within a few days. According to the SEC, Kimberly Sredich and her husband used these customer funds for numerous personal expenses, including mortgage payments, credit cards bills, fast food, and large cash withdrawals. According to the SEC, in at least one case, Kimberly Sredich unsuccessfully tried to convince an elderly customer to sign a letter stating that the customer agreed to the withdrawals and transfers after her misconduct came to the attention of the broker-dealer firm that she was associated with.

Investors with Kimberly Sredich May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested with Kimberly Sredich, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors. 

All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years. 

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

If you incurred investment losses with Kimberly Sredich and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.  

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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