MARK COFFEY IS A self described WHISTLEBLOWER WITH A HISTORY OF LIES/ABUSE
About MARK DAVID COFFEY (updated june 2022)
Mark David Coffey is based in Hickory NC and runs a small investment firm called Hickory Financial. He is a self described Whistleblower that allegedly filed a complaint with the SEC in December 2019 that made assertions against his prior firm and other investment companies. That complaint is not public so no one knows if this is true or not.
He was terminated for cause in 2019 from his prior firm, Avenir Private Advisors, because of his abusive behavior towards women and insensitive comments towards minorities. For instance in July 2019 he threatened a Miami office assistant that he would 'come down and kill' her if she committed the same mistake again.
He committed other misdeeds including impersonating a company owner. He was fired and his SEC file updated to reflect that. For those who have any doubts you can click here https://sec.report/AdviserInfo/Individuals/2400035/Detailed-Report-2400035.pdf
This website has been created by a financial advisor who wishes to remain anonymous. This financial advisor worked under Mr Coffey's supervision and was a first hand witness to his behavior. In fact Mr Coffey threatened to 'write him up' many times for questioning him.
Fabricating Facts to Discredit His Prior Employer
Embarassed by being called out for his actions, Mark Coffey decided to fabricate a narrative to frame his prior employer and other firms.
He concocted a story that the employer had aided in 'a conspiracy involving a network of international actors and firms collaborating to steal $2 billion from PDVSA, the state-owned oil company of Venezuela.'
This of course was completely fabricated and the product of a vivid imagination, fed by paranoia and fear.
Ambulance Chasing Lawyers Patrick Mincey of North Carolina and Phil Brewster of Illinois enter the stage
He hired ambulance chasing contingency lawyers to promote his story to federal agencies, one of which reviewed the situation and concluded there was no action or investigation required.
When that failed they shopped their 'story' and found journalists who were willing to write a sympathetic story.
The lawyers like to claim that Coffey was terminated for being a true 'whistleblower' but in fact he turned out to be a simple con man and the lawyers are eager participants in a 'fraud' charade, not dissimilar to the 'big lie'.
Destroying his Colleagues' Careers
Mark Coffey was determined to usurp the leadership of the firm and he went so far as to ensure the custodial agreements were canceled. This effectively ensured that financial advisors on the Avenir platform had to move to a new platform rapidly which hurt their business.
The owners of Avenir were quick to find a solution to sell their business assets but the financial advisors suffered because Mark Coffey wanted revenge. Coffey, the supposed defender of the 'little guy' actually did not care about his colleagues and their clients. He is all about himself and lining his pockets at other's expenses.
Appeased by Company ownership for too long
It took the ownership too long to deal with his antics and the fact that he was out of his depth. We had warned them for 12 months that Mr Coffey was a cancer.
While they repeatedly warned him about his behavior, it took two women to come forward formally for them to finally take action against him.
False Narratives Peddled to the Press
Journalists took the bait and published a false narrative, not even contacting advisors... Avenir took a long time to answer these but finally put out a release on www.avenirprivate.com/corrections
The main journalist in this charade is Jay Weaver who portrays himself as this objective small guy journalist. It turns out he shared information with Coffey's lawyers and wrote a hit piece.
For the financial advisor that worked at the firm, the piece was a non event but it showed how far he would go in his lies.
Frequently Asked Questions
Please contact us if you cannot find an answer to your question.
These journalists are from the WSJ (Ian Talley) and from the Miami Herald (Jay Weaver). Despite being told first hand by the accused parties that there was a pattern of abuse, they failed to interview one single of the 40 ex employees and financial advisors.
Why were they so gullible? They were hell bent on getting articles out despite claiming to be investigative journalists. They skipped steps and cut corners to tell a sale-able story of a blue collar person against a white shoe firm...It does not matter to them that they were duped.
MONEY! The lawyers are working on contigency and they would like to get settlements/fines from the various accused advisory firms and banks, including Interactive Brokers and Morgan Stanley.
We were there! and there are many of us! His termination was a blessing for everyone involved in the company and it is unfortunate it took so long.
He claims that he was raising red flags about one particular client that had a prior owner from Venezuela. But those in the room know he never raised a single concern. It was all bullshit and he knew it. He just was mad he was back to running 4 million in a backwater in NC.
Markcoffeywhistleblower
Created by a former financial advisor
Powered by GoDaddy
This website uses cookies.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.