The Financial Industry Regulatory Authority (FINRA) barred, LOUIS P GOFF, a former WELLS FARGO CLEARING SERVICES, INC of Salt Lake City, Utah broker, who was allegedly involved last year in a Securities and Exchange Commission (SEC) civil case over a multi-million dollar trading scheme.
On December 20, 2023, without admitting or denying FINRA’s findings, LOUIS PETER GOFF consented to the sanction and to the entry of findings that he allegedly refused to provide documents and information requested by FINRA in connection with an investigation that originated from its review of a filing by another regulator.
In a recent article from Financial Advisor IQ, it stated that in September, LOUIS P GOFF was one of several defendants named in civil charges brought by the SEC in connection to an alleged fraudulent trading scheme that cost investors approximately $2.1 million in losses, according to the SEC. The SEC alleged that Goff was among several individuals who set up an investment fund similar to one that was set up in part by Michael McLaughlin, whom the SEC described as “a securities law recidivist” without telling investors “that their investments would be combined into a Forex trading account that was operated by a convicted felon and a securities fraud recidivist.”
According to the article, LOUIS P GOFF agreed to pay a civil penalty of $60,000, and Michael McLaughlin agreed to pay $116,940 in disgorgement, prejudgment interest of $11,503, and $207,182 as a civil penalty, the SEC stated in September.
In December, less than a week after FINRA requested the materials related to the SEC filing, LOUIS P GOFF allegedly indicated that he would not provide them, and he was then barred by FINRA according to Financial Advisor IQ.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, LOUIS P GOFF, had been in the securities industry for 16 years and was listed with 5 firms. He has 3 disclosures on his FINRA CRD report. Goff was listed with WELLS FARGO CLEARING SERVICES, INC of Salt Lake City, Utah from 09/12/2011 until 10/25/2023.
If you or a loved one have suffered financial losses due to the actions or recommendations of the former WELLS FARGO CLEARING SERVICES, INC of Salt Lake City, Utah, broker LOUIS P GOFF, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.
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