According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jerry Guttman, a former registered broker with United Planners’ Financial Services of America, was accused of participating in private securities transactions. This occurred from September 2008 until May 2017. Allegedly, during this time, Guttman sold more than $7,000,000 worth of membership interests in at least six different limited liability companies to 31 firm customers and seven non-customers without first disclosing the sales to United Planners. He allegedly solicited the membership interests to investors, communicated with investors about their investments, drafted, distributed and collected investment agreements from each investors, collected and deposited checks into the companies’ bank accounts, and managed the companies as one of only tow managing members. These are all against securities laws. For this misconduct, he was permanently barred from the industry.
According to online, public records with FINRA, Jerry Guttman was previously registered with IDS Marketing Corp, John Hancock Mutual Life Insurance Company, John Hancock Distributors, PIM Financial Services, Sun Investment Services Company, First Allied Securities, Hornor, Townsend & Kent and United Planners in Phoenix, Arizona from November 2001 until October 2017. He has three customer disputes against him, and he is not currently registered as a broker. Please call us today if you suffered losses with Mr. Guttman and would like a no-cost, no-obligation consultation with an attorney as to whether we may be able to help you bring a claim against his former firm on a contingency fee basis. 312-332-4200.
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