Soreide Law Group is investigating possible investor claims against securities broker Travis John Wolfe [CRD#: 5851265, Downers Grove, IL]. Wolfe has worked for Ausdal Financial Partners since 2016 and Purshe Kaplan Sterling Investments from 2014-2015.
Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that clients of Ausdal Financial Partners and Purshe Kaplan Sterling disputed the sales practices of the securities broker. Evidently, investors allege sales practice violations in these disputes, including that Wolfe made unsuitable transactions. Here is a brief summary of the disclosures about Wolfe:
Evidently, a client of Ausdal Financial Partners contested Travis Wolfe's sales practices by filing FINRA Arbitration #: 22-01700 on August 12, 2022. Supposedly, Wolfe failed to perform due diligence and made unsuitable transactions and misrepresentations. Allegedly, the GWG L Bond transactions involving this securities broker resulted in damages for the client. Therefore, the client seeks compensatory relief from Ausdal Financial Partners or Wolfe in the amount of $300,000 in this ongoing matter.
Also, on February 3, 2017, a Purshe Kaplan Sterling Investments client filed an investment-related complaint about Travis Wolfe. Specifically, the client alleged that Wolfe made unsuitable transactions. For this reason, the client claims that they sustained damages. Therefore, the client requested compensation from Purshe Kaplan Sterling Investments or Wolfe. However, the securities broker-dealer denied this complaint.
Have you experienced damages because of investing through securities broker Travis Wolfe? If the answer is yes, reach out to Soreide Law Group at (888) 760-6552 to discuss your situation with a securities lawyer about a potential 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 on a contingency fee basis and advances all costs. Wolfe and brokerage firms Wolfe associated with deny any and all allegations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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