The Financial Industry Regulatory Authority (FINRA) recently barred James Kolf. Kolf allegedly made material misrepresentations and omissions in the sale of at least $588,000 in purported securities to customers of his member firm. Kolf then used these securities to convert the customer’s funds into funds to pay for his own business and other personal expenses. Kolf allegedly also created and distributed false account statements to his customers, showing their interests in the fake investments, to continue the fraudulent scheme. These are all against securities rules and regulations. Kolf was registered with John Hancock from November 1981 until May 1997, Signator Investors in Madison, Wisconsin from November 1981 until October 2009, New England Securities in Middleton, Wisconsin from September 2009 until January 2015, MetLife Securities in Middleton from January 2015 until May 2016 and NYLife Securities in Madison from May 2016 until August 2016. He is not licensed within the industry and has been permanently barred. Your losses may be recoverable in the FINRA arbitration process on a contingency fee basis. Please call 312-332-4200 to find out how. The call is free with no obligation.
Let Us Get Your