Articles Tagged with regulatory actions

Christopher Wurtzinger (CRD #: 1921024), a broker registered with American Trust Investment Services and an investment adviser registered with Sorsby Financial Corporation, was recently suspended by the Financial Industry Regulatory Authority (FINRA).  Christopher Wurtzinger is also the subject of a client dispute regarding account churning, unauthorized trading, fraud, and breach of fiduciary duty, according to his BrokerCheck record, accessed August 19, 2020. Do you have questions about Christopher Wurtzinger’s conduct as a broker? Keep reading to learn more.

On June 18, 2020, Christopher Wurtzinger entered into an Acceptance, Waiver, and Consent agreement with FINRA wherein he consented to the findings that he failed to conduct a reasonable analysis into whether he engaged in an outside business activity, or whether it should be treated as an outside securities activity. Christopher Wurtzinger consented to a suspension of four weeks, beginning on July 20, 2020, and ending on August 16, 2020. Christopher Wurtzinger has submitted a sworn financial statement and demonstrated an inability to pay, and in light of his financial status, FINRA has not imposed a monetary sanction. A copy of Christopher Wurtzinger’s AWC can be viewed here.

On August 23, 2017, a client alleged that Christopher Wurtzinger had engaged in churning, unauthorized trading, fraud, and breach of fiduciary duty. The client is seeking $5,001 in damages; the dispute is pending.

Sylvester Knox (CRD #: 1625705), an investment advisor registered with The Knox Group Wealth Management, and a broker formerly registered with FSC Securities Corporation, was suspended by the Financial Industry Regulatory Authority (FINRA), according to his Investment Adviser Public Disclosure, accessed August 19, 2020. This was the latest on a substantial list of regulatory actions and customer disputes involving Sylvester Knox.

On August 6, 2020, Sylvester Knox entered into an Acceptance, Waiver and Consent agreement with FINRA in which he consented to the findings that he effected transactions with a total principal value of approximately $1.7 million in the accounts of customers of his member firm without the customers’ authorization or consent.

  • The findings further state that Sylvester Knox exercised discretionary trading authority and effected transactions with a total principal value of approximately $2 million in the accounts of customers without having obtained prior written authorization from the customers or approval from the firm to treat the accounts as discretionary.
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