National investment loss lawyers KlaymanToskes is investigating broker Sanford Simmons a/k/a Sandy Simmons (CRD# 1018907) formerly of Patrick Capital Markets and Saxony Securities Inc.
According to FINRA BrokerCheck, Sanford “Sandy” Simmons, formerly of Patrick Capital Markets and Saxony Securities Inc., was permanently barred by FINRA after refusing to provide on-the-record testimony in the regulator’s investigation, while also facing two pending customer complaints totaling $1,900,000 in investor damages related to real estate-based Regulation D private placements.
Investors that suffered losses with broker Sandy Simmons are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Sanford Graham Simmons, also known as Sandy Simmons Jr., a former stockbroker with Patrick Capital Markets LLC and Saxony Securities Inc. has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (FINRA). The bar was imposed after Simmons allegedly failed to provide on-the-record testimony during a regulatory examination. Without admitting or denying the findings, Simmons consented to the sanction for violations of FINRA Rules 8210 and 2010. FINRA Public Disclosure records show two customer-initiated FINRA arbitration claims involving Simmons regarding real estate-based Regulation D private placements. A customer filed an arbitration claim on October 3, 2024, against Patrick Capital Markets LLC for $102,000 in damages. Another customer filed an arbitration claim on September 23, 2024, against Patrick Capital Markets LLC for $1,800,000 in damages.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged 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.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances 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 Sandy Simmons, or have concerns regarding your investment portfolio at Patrick Capital, Saxony Securities Inc, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.