Bernard M. Parker—Stealing Investor Money

Bernard M. Parker Allegedly Raised $1.2 Million from Longstanding Brokerage Customers and, Rather than Purchasing Tax Liens, Used the Cash to Remodel his Estate

Bernard M. Parker, 55, who ran Parker Financial Services from his home in Indiana, Pa., allegedly raised more than $1.2 million from his longstanding brokerage customers who were told they were purchasing legitimate real estate tax lien certificates and would earn returns of six to nine percent annually, according to recent SEC Documents currently under review by attorneys Joe Peiffer and Alan Rosca.

Bernard M. Parker, however, allegedly only used a chunk of the aforementioned investor funds to purchase tax liens and instead used their money to remodel his home in Indiana, Pa., make car payments, and pay bills for his father-in-law, the SEC further notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Bernard M. Parker’s alleged investment scheme and are preparing to assist investors.

Bernard M. Parker Facing Disgorgement and Prejudgment Interest and Penalties in Addition to a Possible Permanent Injunction from the SEC

Parker was using investor funds for his personal expenses, he provided investors with computer printouts of vacant lots or homes and falsely told them that his company held liens on those properties,” according to statements from the SEC’s Philadelphia Regional Office currently under review by attorneys Joe Peiffer and Alan Rosca.

As result of the aforementioned behavior, Parker allegedly violated SEC Rules and is facing disgorgement plus prejudgment interest and penalties as well as a permanent injunction.

In a parallel action, the U.S. Attorney’s Office for the Western District of Pennsylvania announced criminal charges against Parker.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and schemes. They are currently investigating Bernard M. Parker’s alleged theft of client funds, and are preparing to assist investors. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Bernard M. Parker’s alleged theft of client funds may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Bernard M. Parker

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.