(FINRA Case #2016048456401)
Larry Charles Wolfe (CRD #502361, Boca Raton, Florida) – An AWC (Accept, Waiver & Consent) was issued in which Wolfe was fined $5,000 and suspended from association with any FINRA member in all capacities for 15 business days.
Without admitting or denying the findings, Wolfe consented to the sanctions and to the entry of findings that he exercised discretion in customer accounts by submitting sell orders to sell one particular security in each customer account without obtaining the customers’ prior written authorization to exercise discretion in their accounts and having his member firm’s approval of the customer accounts for discretionary trading.
The suspension was in effect from July 3, 2017, through July 24, 2017.
Wolfe currently has five pending Customer Disputes with FIRNA.
If you feel you have been misled or taken advantage by Larry Charles Wolfe or any Broker and wish to discuss legal action, please contact Darren Blum at 1-877-786-2552 (1-877-STOCK LAW), www.stockattorneys.com for a free consultation.