Articles Tagged with Sanford Simmons

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sanford Simmons (Simmons), previously associated with Saxony Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Simmons recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on June 17, 2025.

Claimants allege that Sanford Simmons, in his capacity as a registered representative, made unsuitable, high-risk recommendations for their 1031 exchange investment needs causing .

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sanford Simmons (Simmons), previously associated with Saxony Securities, Inc., has at least 2 disclosable events. These events include one customer complaint, one regulatory, alleging that Simmons recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on October 17, 2024.

Without admitting or denying the findings, Simmons consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with an ongoing investigation that originated from a cause examination.