Sterling Hirsch Fined, Involved In Investor Dispute

Investors might have sustained losses due to securities broker Sterling Carmen Hirsch [CRD: 4867105, Yucaipa, California], and a regulator fined him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Hirsch worked for First Allied Securities Inc. from November 15, 2013, to November 7, 2018. He also joined Infinity Financial Services in 2018 as a securities broker and Infinity Financial Services Advisory in 2020 as a financial advisor. Keep reading to learn more about Hirsch’s disclosures.

California Regulator Issued Fine To Hirsch

Specifically, on May 24, 2023, the California Department of Insurance Investigation Division issued Case: 4867105 sanctioning Sterling Hirsch. Specifically, Hirsch was fined $20,000 and had his insurance license placed in a probationary state where subsequent violations could result in it being revoked. Mainly, the California Insurance Commissioner alleged that Hirsch made unsuitable recommendations, induced a client into a loan, and issued loan repayments that bounced. The regulator alleged that Hirsch violated several regulatory standards, leading to the sanctions imposed. Hirsch denies the allegations and contends that additional loan payments were made.

Sterling Hirsch Disclosed GWG L Bond Sales Allegations By Infinity Financial Services Client

Particularly, a client of Infinity Financial Services contested Sterling Hirsch’s sales practices by filing FINRA Arbitration: 23-00672. Notably, the investor alleged unsuitable recommendations of GWG L Bonds. Allegedly,  Hirsch’s actions caused the client to sustain damages. Therefore, Infinity Financial Services opted to settle the matter on November 14, 2023, by compensating the client in the amount of $30,000.

Hirsch Accused Of Unsuitable Recommendations

Also, on May 21, 2019, a First Allied client filed a complaint about Sterling Hirsch. Evidently, the client alleged unsuitable recommendations. Because of this, the investor supposedly sustained damages on retirement account investments. However, the client withdrew this complaint.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Sterling Hirsch?

Did you suffer financially because of Sterling Hirsch? If so, contact Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a potential recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Hirsch and brokerage firms Hirsch worked for deny accusations of sales practice violations.