Toni Momberger, Staff Writer
Posted: 02/17/2012 03:10:02 PM PST
Copeland, who lives in Redlands, is a certified public accountant. He was also working as an investment adviser, operating two financial businesses in Redlands, Copeland Wealth Management and Copeland Realty.
Without admitting or denying any allegations, Copeland agreed to stop violating SEC regulations, agreed to the appointment of a receiver over the two entities and agreed to not destroy any documents, Financial Advisor Magazine reported.
On Oct. 25, the District Court appointed Thomas C. Hebrank of E3 Advisors as the receiver for Copeland’s companies. Last month Hebrank held a meeting in Redlands to update those companies’ clients and answer questions.
Copeland, 64, has provided income tax and accounting services to clients for about 20 years. He continues to work in Redlands as a CPA with The Copeland Group on Business Center Drive.
Because there has been no conviction, The California Board of Accountancy has not considered revoking Copeland’s CPA license. Nor is he listed under “pending accusations” on the CBA’s website.
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