Category Archives: H.J. Sims & Co.

Adam Goodman-Former H.J. Sims Broker-Has Several Customer Complaints-Boca Raton, FL

May 2018- Boca Raton, FL

The FINRA records of  Adam C. Goodman ,  a  registered stock broker who recently left Herbert J. Sims to join Stoever, Glass & Co.  disclose  a pending customer dispute and two prior final customer disputes

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.

In 12/2017 a customer of Herbert J. Sims was paid #21,000 to resolve allegations that Goodman recommended unsuitable corporate debt investments that resulted in losses.

In 3/2018 a customer of Herbert J. Sims was paid $50,000 to resolve allegations that Goodman made misrepresentations in connetion with an investment in junk bonds and that he traded the account without authorization.

In currently pending FINRA Case 18-01064, a customer of Herbert J. Sims alleges high pressure sales tactics, unsuitable investments, fraud and negligence and is seeking damages of $25,000.

Goodman was employed by Herbert J. Sims   from 8/2010-1/2018  when he left and joined Stoever Glass & Co. 

If you have losses in an account handled by Adam Goodman, call for a no charge consultation to learn about your options for recovery of damages.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Larry C. Wolfe-Former Herbert J. Sims Stockbroker-Sued by Customers/Discharged & Barred From Securities Industry-Boca Raton, FL

MAY 2018 UPDATE ON LARRY WOLFE-BOCA RATON, FL-FINRA records disclose that Wolfe was permanently barred from securities industry in 2/2018 for failing to respond to FINRA request for information. In 2017 Wolfe was sanctioned for unauthorized trading.

There are currently pending 7 disputes by customers of Wolfe while he was employed by H. J. Sims, including the following:

FINRA Case 18-1501- Customer alleges damages of $200,000 for fraud, misrepresentation, breach of fiduciary duty and failure to supervise.

FINRA Case 17-3300-Customer alleges damages of $100,000 for unauthorized trading, unsuitable investments and failure to supervise.

FINRA Case 17-435-Customer seeks damages of $400,000 for unauthorized trading, misrepresentation and failure to supervise.

After leaving H.J. Sims where he worked from 3/2000-1/2016, Wolfe was briefly registered with Aegis Capital and then with Stoever, Glass & Co. from 5/2016-6/2017.

PRIOR POST—May 2016-Boca Raton, FL

We are currently investigating Boca Raton, FL, stockbroker Larry C. Wolfe on behalf of a retiree who believes that his account was traded without authorization and was invested in unsuitable investments.

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. Herbert J. Sims & Co. made the following allegations in connection with Wolfe’s discharge: “Broker exercised discretion, in a non-discretionary account, in making trades for an account without speaking with the client before trades in violation of, among other things, firm policies. In addition, broker failed to appropriately re-title client’s account upon learning that client was deceased, also in violation of firm policies.”

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 the case alleges damages of $1.5 million.

If you have losses in an account handled by Larry C. Wolfe ( who also goes by Larry Charles Wolfinger and Larry Wolfinger), contact us for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Larry C. Wolfe-Herbert J. Sims Stockbroker-Named in $1.5M Customer Dispute-Boca Raton, FL

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Alan Z. Appelbaum Investigation-Former HJ Sims Broker-Boca Raton

March 31, 2016-Boca Raton, FL

We have filed an arbitration with the Financial Industry Regulatory Authority (FINRA) against H.J. Sims & Co. on behalf of a local resident who alleges that Alan Z. Appelbaum, while employed by H.J. Sims, mishandled her account, causing her significant losses to her retirement nest egg.

The FINRA records of Alan Z. Appelbaum disclose that he has been named in 7 regulatory events and 11 customer disputes. Four of the customer disputes (including the case of our client) are still pending.

The pending customer disputes include:

  • Complaint 8/15/2015-Client alleges unsuitable product and churning while Appelbaum was employed by H.J. Sims. Damages $200,000.
  • FINRA Case 14-2442-Client alleges breach of fiduciary duty, failure to supervise, violation of FINRA/NASD rules while Appelbaum employed by H.J. Sims. Damages $350,000.

Alan Appelbaum’s employment history, per FINRA, is as follows:

  • 6/2015-present                            Aegis Capital Corp.
  • 6/2002-6/2015                             H.J. Sims & Co. 

If you have losses in an account handled by Alan Appelbaum, call to speak with an experienced securities attorney and learn how you may be able to collect damages from Appelbaum’s employer.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Michael Stern-Former HJ Sims/Newbridge Securities Broker-Discloses Customer Disputes-Boca Raton, FL

JUNE 2017- Boca Raton, FL

A review of FINRA records reveals that Michael B. Stern,  is not currently licensed to act as a broker or as an investment adviser according to FINRA records as of this date. 

According to FINRA records  Stern has been named in  9 customer disputes that have been resolved and one that is pending . The complaints alleged fraud, negligence, misrepresentation, failure to supervise and unsuitable investments.

Stern was registered with Herbert J. Sims & Co. from 8/2013-1/2016. Prior to that he was registered with Newbridge Securities from 2/2004-8/2013.

If you have information you think would be helpful to our investigation of Mr. Stern, we would like to hear from you. If you have losses in an account handled by  Michael Stern contact us to discuss how you may be able to recover damages from his employer for those losses.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870