Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s Disciplinary Report, August, 2017, which is available to the public on FINRA’s website:
Larry Charles Wolfe (CRD #502361, Boca Raton, Florida) (also known as: LARRY C WOLFE, LARRY WOLFE, LARRY CHARLES WOLFINGER, LARRY WOLFINGER)
was fined $5,000 and suspended by FINRA for 15 business days for allegedly exercising discretion in client accounts by submitting sell orders to sell one particular security in each client account without obtaining the clients’ prior written authorization to exercise discretion in their accounts and having his member firm’s approval of the client accounts for discretionary trading.
The suspension was in effect from July 3, 2017, through July 24, 2017.
(FINRA Case #2016048456401)
According to FINRA’s BrokerCheck, LARRY C WOLFE has 14 Disclosures listed on his report, 12 are Customer Disputes, some of which are still pending. These disputes allege, among other charges, unsuitability, misrepresentation, trading losses, fraudulent misrepresentations, omissions of material information, unauthorized trades, breach of fiduciary duty, unauthorized and unsuitable purchases of bonds, and excessive trading.
Also on the report was an employment separation from HERBERT J. SIMS & CO. INC of Boca Raton in December of 2015. Wolfe was discharged due to allegations of broker “exercising discretion, in a non-discretionary account, in making trades for an account without speaking with client before trades in violation of, among other things, firm policies. In addition, broker failed to appropriately re-title client's account upon learning that client was deceased, also in violation of firm polices.”
LARRY C WOLFE has been in the securities industry for 38 years and has been listed with 11 firms. The 3 most recent firms are listed below:
05/02/2016 - 06/22/2017 STOEVER, CLASS & COMPANY INC - Boca Raton, FL
02/02/2016 - 03/09/2016 AEGIS CAPITAL CORP - BOCA RATON, FL
03/08/2000 - 01/06/2016 HERBERT J. SIMS & CO. INC. - BOCA RATON, FL
If you were a client of Boca Raton, Florida broker, LARRY C WOLFE, and you experienced losses due to his actions or recommendations, contact Soreide Law Group, conveniently based in Pompano Beach, Florida, for a no-cost consultation with a securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group operates on a contingency fee basis and we represent clients nationwide before FINRA. Let our years of experience work for you.
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