According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), James Kolf was accused of making material misrepresentations and omissions in the sale of at least $588,000 in purported securities of FSN Financial Network to twelve firm customers. The securities were not real and Kolf used the funds to pay his business and personal expenses. Between October 2013 and July 2014, Kolf recommended and sold at least $588,000 in securities of FSN Financial Network to twelve firm customers at the interest rate of six percent. These securities did not exist. For this he was barred from the industry.
According to his FINRA online BrokerCheck report, Kolf was registered with John Hancock Mutual Life Insurance Company in Boston, Massachusetts from November 1981 until May 1997, Signator Investors in Madison, Wisconsin from November 1981 until October 2009, New England Securities in Middleton, Wisconsin from September 2009 until January 2015 , MetLife Securities in Middleton from January 2015 until May 2016 and NYLife Securities in Madison from May 2016 until August 2016. He is not licensed and FINRA has permanently barred him from the industry. Please call our securities law firm at 312–332–4200 for a free consultation with an attorney to discuss your options of suing New England Securities for investment losses on a contingency fee basis.
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