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 Alan Rosca 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 Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Rosca Wolf 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 Alan Rosca 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 Rosca Wolf 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 Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at firstname.lastname@example.org or email@example.com.