National investment loss lawyers KlaymanToskes is investigating broker Louis Goff (CRD# 4882759) of Wells Fargo Clearing Services, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to provide information and documents as requested by FINRA in connection with the regulator’s investigation into review of a filing by another regulator.
The Securities and Exchange Commission (“SEC”) has filed a civil complaint against Goff and six other individuals, in addition to Phoenix Outsourced Development, LLC and Edger Solutions Management, LLC. According to the complaint, the matter reportedly involves a fraudulent securities offering run by six individuals, Michael McLaughlin, Derek McLaughlin, Louis Goff, Brian Hubbard, Eric Fairbourn, and Nicholas Deluca.
The SEC found that from approximately June 2019 through April 2020, Goff and the six other Defendants raised more than $2.1 million from at least 49 investors in connection with a fraudulent offering of subscription agreements in two pooled investment funds.
Goff and the others reportedly falsely told investors that their investments in two funds, POD Solutions, LLC (“PODS”) and Edger Solutions, LLC (“Edger,”) would generate guaranteed profits from a high-yield foreign currency (“Forex”) trading program. They purportedly made numerous material misrepresentations to investors in each fund concerning the existence and structure of the fees charged to each fund, the method by which profits and losses were calculated in the funds, and the present and past performance of each fund.
Further, Goff and the others allegedly furthered their scheme by fabricating monthly account statements to show false and inflated values in investor accounts. Most notably, the Defendants failed to disclose to investors that the individual who would purportedly execute the Forex trading program was a convicted felon with a history of securities fraud.
Investors that suffered losses with broker Louis Goff and/or any other financial advisor are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Louis Goff:
If you suffered losses with broker Louis Goff, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Louis Goff. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Wells Fargo Clearing Services are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Louis Goff, or have concerns regarding your investment portfolio at Wells Fargo Clearing Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.