SEC fined securities broker Geoffrey Michael Wolterstorff (also known as Geoff Wolterstorff) [CRD: 2711805, Eau Claire, Wisconsin], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Geoffrey Wolterstorff has worked for Lifemark Securities Corp. since October 1, 2018. Before joining this firm, Wolterstorff was employed by Foresters Equity Services Inc. from March 8, 2016, to September 21, 2018. Below, investors can find a summary about the securities broker’s disclosures.
Notably, on July 29, 2024, United States Securities and Exchange Commission (SEC) issued Case: 2711805 sanctioning Geoffrey Wolterstorff. Specifically, Wolterstorff was ordered to cease and desist, censured, fined $15,000, and suspended from association with a broker, dealer, or advisory from August 12, 2024, to February 11, 2025.
SEC alleged that Wolterstorff failed to comply with Regulation Best Interest under Securities Exchange Act Rule 15l-1(a)(2)(ii). Specifically, he recommended a corporate bond known as an L Bond to retail clients without reasonable diligence.
Specifically, a client of American Express Financial Advisors contested Geoffrey Wolterstorff’s sales practices, according to a complaint dated September 11, 2002. Notably, the investor alleged unsuitable trading. Allegedly, Wolterstorff allegedly caused the client to sustain damages on mutual funds. Consequently, they sought damages from American Express Financial Advisors or Wolterstorff in the amount of $7,354 in this matter.
Did you suffer financially because of Geoffrey Wolterstorff? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group investment loss attorneys assist individuals throughout the United States, work on a contingency fee basis, and advance all costs. Wolterstorff and brokerage firms Wolterstorff worked for deny accusations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
Phone:
Fax: 1-954-760-6553
Email: [email protected]