Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Wolff (Wolff), previously associated with First Manhattan CO, has at least one disclosable event. These events include one customer complaint, alleging that Wolff recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $714,153.00 on January 07, 2021.
Customer alleged that First Manhattan Co. (“FMC”) inappropriately placed investment portfolio into fee-paying investment advisory accounts and made various allegations regarding the suitability of investments and the registration status of the investment advisor. Customer did not specify a demand but ultimately demanded return of all advisory fees which amounted to $714,153.