May 2016-Boca Raton, FL
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
According to FINRA records, Larry C. Wolfe was registered with Herbert J. Sims & Co. from 3/2000-1/2016. According to a report filed by Herbert J. Sims, Wolfe was discharged by Herbert J. Sims in December 2015 after he violated firm policies by making trades in a customer account without obtaining permission from the customer. He is currently registered with Stoever, Glass & Company, in Boca Raton, FL.
FINRA records discloses 8 customer disputes against Wolfe, 7 of which have been finalized and one of which is currently pending.
FINRA arbitration #16-01153, filed April 2016, alleges “seriously-egregious broker and broker/dealer misconduct” and makes numerous claims, including the following:
- unauthorized trading
- unsuitable investment recommendations
- fraudulent misrepresentations
- omissions of material information
- failure of Herbert J. Sims to supervise Larry Wolfe and prevent the damage to the customer’s account
The customer in that case alleges damages of $1.5 million.
If you have losses in an account handled by Larry C. Wolfe, contact us to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900