Investors potentially sustained damages through securities broker John William Wolf [CRD: 1846080, Appleton, Wisconsin], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, John Wolf worked for Purshe Kaplan Sterling Investments from November 20, 2009, to January 29, 2016. Below, you’ll find a summary of John Wolf’s disclosures.
Cornerstone Financial Planning Investor Accused Wolf Of Breach Of Fiduciary Duty
Evidently, a client filed a complaint about John Wolf. Mainly, the client alleged that Wolf made misrepresentations, was negligent, violated securities law, and breached fiduciary duty when selling GWG L Bonds in February 2021. Because of this, the client allegedly sustained damages on direct investments. For this reason, on February 27, 2024, Cornerstone Financial Planning settled this matter by paying the client $65,000 in damages.
John Wolf Disclosed Unsuitable Trading Allegations By Cornerstone Financial Planning Client
Specifically, a client of Cornerstone Financial Planning contested John Wolf’s sales practices by filing FINRA Arbitration No. 23-00946. The claim alleged misrepresentation and unsuitable recommendations in violation of North Carolina Securities Act, negligence, and breach of fiduciary duty. It appears that Wolf caused the client to sustain damages on corporate bonds. Because of this, FINRA Arbitrators issued an Award dated June 4, 2024, compelling Cornerstone Financial Planning and Wolf to compensate the client in the amount of $613,825 in compensatory damages.
Wolf Disclosed Unauthorized Trading Allegations By Purshe Kaplan Sterling Investments Client
Particularly, a client of Purshe Kaplan Sterling Investments contested John Wolf’s sales practices, according to a complaint dated September 26, 2012. Allegedly, Wolf engaged in unsuitable and unauthorized trading. It appears that Wolf allegedly caused the client to sustain damages on variable annuities and stocks. As a result, the client sought damages from Purshe Kaplan Sterling Investments or Wolf in the amount of $7,400 in this matter. However, the customer closed this dispute without taking further action.
Raymond James Financial Services Inc. Investor Accused John Wolf Of Negligence
Evidently, a Raymond James Financial Services Inc. client filed FINRA Arbitration No. 10-05759 about John Wolf. Mainly, the client alleged failure to supervise, breach of fiduciary duty, negligence, suitability, and misrepresentation. Because of this, the client allegedly sustained damages on variable annuities. For this reason, on September 14, 2011, Raymond James Financial Services Inc. settled this matter by paying the client $30,000 in damages.
Did You Sustain Losses Because Of Wolf?
Did you suffer financially because of John Wolf? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has obtained recoveries for many investors throughout the United States, works on a contingency fee basis, and advances all costs. Wolf and brokerage firms Wolf worked for deny accusations of sales practice violations.
