Published on:

James Kolf Has Been Sanctioned by FINRA

 James KolfPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former Wisconsin-based NYLife Securities broker James Kolf has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kolf (CRD# 1015682).

James Kolf has spent 34 years in the securities industry and was most recently registered with NYLife Securities in Madison, Wisconsin (2016). Previous registrations include MetLife Securities in Middleton, Wisconsin; New England Securities in Middleton, Wisconsin; Signator Investors in Madison, Wisconsin; and John Hancock Mutual Life Insurance Company in Boston, Massachusetts. He is currently not registered with any state or firm.

According to his BrokerCheck report, James Kolf has been sanctioned by FINRA.

In September 2016 FINRA sanctioned James Kolf following allegations he “willfully violated Section 10(b) of the Securities Exchange Act of 1934, Rule 10b-5 thereunder, and FINRA Rules 2020 and 2010 by making material misrepresentations and omissions in the sale of at least $588,000 in purported securities to customers of his employing member firm.” According to FINRA’s complaint: “The securities, however, were not genuine and Kolf converted the customers’ funds to pay for his own business and personal expenses. The findings stated that in furtherance of the fraud, Kolf also created and distributed falsified account statements to his customers reflecting their interests in the fake investments.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

If you have lost money investing with James Kolf, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.