Jerry Lou Guttman — Private Securities Transactions

Jerry Lou Guttman Allegedly Sold over $7,000,000 worth of Membership Interests in at Least Six Different Limited Liability Companies to 31 Firm Customers and Seven Non-customers without First Disclosing the Sales to United Planners

Jerry Lou Guttman, from September 2008 through May 2017, allegedly sold more than $7 million worth of membership interests in at least six different limited liability companies to 31 Firm customers and seven non-customers without first disclosing the sales to United Planners, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Jason Kane and James Booker.

Investors who believe they may have lost money in activity related to Jerry Lou Guttman’s alleged private securities transactions are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Jerry Lou Guttman’s alleged private securities transactions.

Jerry Guttman was a financial advisor and a registered representative of United Planners Financial Services of America from 2001 to October 2017, and he worked at a branch office in Phoenix, Arizona, according to the aforementioned AWC.

What is more, Guttman, who has also allegedly been the subject of three customer complaints, has been affiliated with Guttman Financial Group, Nationwide Planning & Benefits, Champion Entertainment Group, Walled Lake Properties, and Serenity Management, the AWC notes.

Jerry Lou Guttman Barred by FINRA

Jerry Lou Guttman, based on the alleged aforementioned behavior, purportedly violated FINRA Rules and thus, has been barred by FINRA, according to the aforementioned AWC presently under review by attorneys Jason Kane and James Booker.

FINRA Rules prohibit associated persons from participating “in any manner in a private securities transaction,” without first providing written notice to the registered representative’s firm, the AWC states.

Jerry Lou Guttman was first associated with a FINRA member firm in November 1982 and first registered with a member firm in January 1983, and between January 1983 and October 2001, Guttman was purportedly registered with a number of FINRA member firms, the AWC states.

Guttman is not currently associated with any FINRA member firm, but FINRA retains jurisdiction over him pursuant to FINRA By- Laws, according to the AWC.

Finally one should also note that, according to the AWC,  Jerry Lou Guttman neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Jerry Lou Guttman’s alleged private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Jerry Lou Guttman’s alleged private securities transactions may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.