Investment firm affiliate files for bankruptcy

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BOISE, Idaho (AP) - A subsidiary of a Meridian company once fined by Idaho regulators for misleading investors has filed for bankruptcy.

Federal bankruptcy court filings this month say Hopkins Northwest Fund LLC owes between $1 million and $10 million to between 100 and 200 creditors.

The Idaho Statesman reports ( ) the fund lists assets in the same $1 million to $10 million range.

It’s the second bankruptcy case in the past five months by a Hopkins Financial Services affiliate. Investors in Hopkins Growth Fund LLC filed a petition for involuntary bankruptcy in November in a case that is still pending.

Hopkins Financial Services was fined $250,000 after the Idaho Department of Finance’s securities bureau alleged in 2009 that its owners misrepresented some facts and omitted others in pushing its securities to investors.


Information from: Idaho Statesman,

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