DID SCOTT THOMAS WOLFRUM CAUSE YOU INVESTMENT LOSSES?
Scott Wolfrum Formerly With Huntleigh Securities And David A. Noyes & Company Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Scott Wolfrum formerly with Huntleigh Securities?
Scott Wolfrum (CRD #2187550) who was formerly registered with Huntleigh Securities and located in Indianapolis, Indiana is a subject of one of our many securities industry sales practice abuse investigations. Prior to Huntleigh Securities, Scott Wolfrum was associated with David A. Noyes & Company and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Scott Wolfrum has had his own regulatory problems. In March 2021, United States Securities and Exchange Commission (SEC) filed a cease-and-desist proceeding which resulted in a Cease and Desist Order, fine, penalty, an order of disgorgement for allegedly recommending that is advisory clients invest in Foundry Mezzanine Opportunity Fund without disclosing his conflicts of interest, including the fact that his family members had a financial interest in 2 of the funds holdings and that Scott Wolfrum received over $140,000 in finder’s fees related to the funds activities.
Scott Wolfrum Customer Complaints
Scott Wolfrum has been the subject of 3 customer complaints that we know about. Two of Scott Wolfrum’s 3 customer complaints were settled in favor of investors. One of Scott Wolfrum’s customers’ complaints was denied and, to date, the customer has not taken any further action.
Allegations Against Scott Wolfrum
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged annuity unsuitable and concentration of annuities in account by Scott Wolfrum.
- Client alleged that instructions to move to a cash position were not followed by Scott Wolfrum.
- Complainant alleged that Scott Wolfrum’s purchase of a private placement was made without complainant’s approval.
Scott Wolfrum Red Flags & Your Rights As An Investor
Of course, Scott Wolfrum did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Scott Wolfrum at Huntleigh Securities and David A. Noyes & Company on alert to review carefully the activity and performance of their accounts and question whether Scott Wolfrum has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Huntleigh Securities and David A. Noyes & Company also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Huntleigh Securities Due To Scott Wolfrum
If you have questions about Huntleigh Securities, David A. Noyes & Company, and/or Scott Wolfrum and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.