Investors reportedly complained about securities broker Sanford Graham Simmons Jr. (also known as Sandy Simmons) [CRD: 1018907, Castle Rock, Colorado], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Simmons worked for Saxony Securities Inc. from January 3, 2023, to October 2, 2024; Patrick Capital Markets LLC from March 22, 2021, to December 31, 2022; Colorado Financial Service Corporation from February 8, 2021, to March 23, 2021; and WealthForge Securities LLC from April 3, 2020, to January 4, 2021. Keep reading to find out more about the disclosures related to Simmons.
Patrick Capital Markets Investor Accused Sandy Simmons Of Unsuitable Recommendations
Evidently, on June 11, 2025, a Patrick Capital Markets client filed FINRA Arbitration No. 25-01205 about Sanford Simmons. Evidently, the client alleged that Simmons made unsuitable recommendations regarding 1031 exchanges. Because of this, the investor allegedly sustained damages linked to real estate securities, including beneficial interests in a Delaware Statutory Trust. As a result, the client requested between $1,000,000 and $3,000,000 in compensation from Patrick Capital Markets or Simmons. Supposedly, this matter awaits a resolution.
Sanford Simmons Sanctioned By FINRA For Failure To Testify
Evidently, FINRA issued Case: 2021071851101 on October 17, 2024, sanctioning Sanford Simmons with a permanent bar. In September 2024, Simmons failed to appear for testimony despite receiving an official request under FINRA Rule 8210. By declining to comply, he violated both Rule 8210 and Rule 2010. Through an Acceptance, Waiver, and Consent (AWC) agreement, Simmons consented to the findings. The sanction became effective on October 17, 2024, and prohibits Simmons from any association with FINRA member firms.
Patrick Capital Markets Investor Accused Sandy Simmons Of Breach Of Fiduciary Duty
Also, a Patrick Capital Markets client filed FINRA Arbitration No. 24-01966 about Sanford Simmons. Primarily, the client claimed that Simmons breached his fiduciary duties in connection with a Delaware Statutory Trust. Therefore, on April 14, 2025, Patrick Capital Markets settled this matter by paying the client $35,000 in damages.
Sanford Simmons Disclosed Unsuitable Advice Allegations By Patrick Capital Markets Client
Additionally, a client of Patrick Capital Markets took aim at Sanford Simmons’s sales practices by bringing FINRA Arbitration No. 24-02008 on September 23, 2024. Allegedly, Simmons made unsuitable recommendations involving Regulation D private placements. For this reason, the client sought compensatory damages from Patrick Capital Markets or Simmons in this ongoing matter. However, the client later withdrew the complaint, and the case was closed on February 6, 2025.
Do you need clarification on any investment losses relating to Sanford Simmons? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer regarding a possible recovery. For more than a decade, Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Simmons and brokerage firms Simmons worked for deny allegations referenced within these public disclosures.
