According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Larry Wolfe was accused of exercising discretion in the accounts of 39 customers without obtaining prior written authorization from the customers or written approval of the accounts as discretionary from his member firm, HJS. This is against securities rules and occurred from November 10, 2015 until November 16, 2015. For this misconduct, he was fined $5,000 and suspended from the industry for 15 business days. According to his online FINRA BrokerCheck report, Wolfe was registered with Swanton Securities, Hanauer, Stern & Co., Bevill, Bresler & Schulman Inc., Drexel Burnham Lambert, EF Hutton, Shearson Lehman Hutton, Raymond James, The GMS Group, Herbert J. Sims & Co. in Boca Raton, Florida from March 2000 until January 2016 and Aegis Capital. He has 12 customer disputes against him, five of which are currently pending. He is currently registered with Stoever, Glass & Co. in Boca Raton and has been since May 2016. Please call our securities law offices today to find out how you may be able to sue your brokerage firm on a contingency fee basis if you have investment losses.
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