Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
David A. Noyes Investors have come forward with complaints about securities broker Scott Thomas Wolfrum [CRD #: 2187550, Indianapolis, IN]. Wolfrum worked for (1) Huntleigh Securities Corporation from 2018-2019; (2) David Noyes & Company from 2013-2018; and Wells Fargo Advisors from 2011-2013. Here’s more on the investor disputes reported on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Keep in mind, however, that the securities broker denies all allegations against him.
Evidently, on June 8, 2022, a David A. Noyes & Company client filed FINRA Arbitration #: 22-01243 about Scott Wolfrum. Specifically, the client alleged that Wolfrum failed to conduct due diligence. Because of this, the client claims that they sustained damages pertaining to investments in business development companies. Therefore, the client requested $50,000 in compensation from David A. Noyes & Company or Wolfrum. Evidently, this arbitration is pending a resolution.
Also, on December 21, 2021, a David A. Noyes & Company client filed FINRA Arbitration #: 21-03047 about Scott Wolfrum. Specifically, the client alleged that Wolfrum made unsuitable transactions. For this reason, the client purportedly experienced damages relating to investments in alternative investments. Therefore, the client requested $11,000,000 in compensation from David A. Noyes & Company or Wolfrum. Evidently, this arbitration is pending a resolution.
Evidently, a client of David A. Noyes & Company contested Scott Wolfrum's sales practices by filing FINRA Arbitration #: 21-01658 on July 7, 2021. Supposedly, Wolfrum made unsuitable recommendations. Allegedly, the real estate investment trusts transactions involving this securities broker caused the client to sustain damages. Therefore, the client seeks compensatory relief from David A. Noyes & Company or Wolfrum in the amount of $250,000 in this ongoing matter.
Have you experienced damages through any sales practice violations by Scott Wolfrum? If so, get in touch with Soreide Law Group at (888) 760-6552 to speak with a securities lawyer regarding a possible recovery of your investment damages. Notably, Soreide Law Group has successfully recovered money for hundreds of investors in all 50 states. The firm represents clients through a contingency fee arrangement and advances all costs. Wolfrum and brokerage firms Wolfrum associated with deny all allegations against them.
Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
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