Larry Wolfe, a former registered representative with Herbert J. Sims, was recently terminated by the firm for alleged exercised discretion, in a non-discretionary account, in making trades for an account without speaking with the client before the trades. He was also alleged to have made unauthorized trades, unsuitable investment recommendations, fraudulent misrepresentations and omissions of material information. These are all against securities rules. If you or someone you know invested money with Larry Wolfe, please call our Chicago-based securities law firm today to speak to an attorney for free. We can discuss your options of suing his former firm, Herbert J. Sims, in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis to recover your financial losses. The firm had a duty to reasonably supervise Wolfe while he was employed there, and they did not, so they can be liable for losses.
According to his FINRA BrokerCheck report, Wolfe was registered with Swanton Securities, Hannauer, Stern & Co., Befill, Bresler & Schulman Inc., Drexel Burnham Lambert Inc., EF Hutton & Co., Shearson Lehman Hutton, Raymond James, The GMS Group, Herbert J. Sims in Boca Raton, Florida from March 2000 until January 2016 and Aegis Capital. He is currently registered with Stoever, Glass & Co. in Boca Raton and has been since May 2015. He has eight customer disputes against him, one of which is currently pending.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.