Asher Dov Wolmark (CRD #2064857) Has Disclosure Events on FINRA BrokerCheck

Asher Dov Wolmark (CRD #2064857) was previously registered as a broker. We reviewed his BrokerCheck report on February 8, 2026. It reflects one regulatory event, two customer disputes, one employment separation, two financial disclosures, and four judgment/lien disclosures. If you invested with Asher Dov Wolmark and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

Asher Wolmark’s FINRA BrokerCheck report reflects one regulatory event. A summary is below:

On February 7, 2013, the Illinois Department of Securities initiated a regulatory action involving Asher Wolmark. Asher Wolmark’s FINRA BrokerCheck report states the matter was resolved by order on April 4, 2013. The disclosure states the sanctions ordered included a permanent bar. The disclosure text also states the action involved a tax assessment issue administered by the Illinois Department of Revenue.

Employment Separation

Asher Wolmark’s FINRA BrokerCheck report reflects one employment separation after allegations. A summary is below:

According to Asher Wolmark’s FINRA BrokerCheck report, Kingsbury Capital Investment Advisors, LLC discharged him on January 16, 2026. The disclosure states the firm’s internal investigation concerned outside business activities and unapproved and/or unsuitable investments.

Investor Disputes / Customer Complaints

Asher Wolmark’s FINRA BrokerCheck report reflects two customer dispute disclosures. A summary of the disputes is below:

On December 19, 2025, a customer alleged Asher Wolmark made unsuitable investment recommendations from 2021 through 2025. The customer sought $500,000 in damages. Asher Wolmark’s FINRA BrokerCheck report lists the product type as “Other: Unknown.” The dispute is pending.

A second dispute was received on November 15, 2002. In it, a customer alleged Asher Wolmark recommended unsuitable investments and churned the account. The activity was described as primarily involving options from 1997 through 2000. The customer sought $1,631,877.72 in damages. Asher Wolmark’s FINRA BrokerCheck report reflects the claim was denied on December 19, 2002.

Financial Disclosures

Asher Wolmark’s FINRA BrokerCheck report reflects two financial disclosures involving bankruptcies. A summary is below:

Asher Wolmark’s FINRA BrokerCheck report states he filed a bankruptcy on March 3, 2016. The disclosure lists the disposition as dismissed on November 8, 2016. The broker comment states the Chapter 11 case was filed in error. It was then refiled as Chapter 13.

Asher Wolmark’s FINRA BrokerCheck report also states he filed a bankruptcy on July 27, 2017. The disclosure lists the disposition as dismissed on September 12, 2018.

Judgment / Lien Disclosures

Asher Wolmark’s FINRA BrokerCheck report reflects four judgment/lien disclosures. BrokerCheck lists each as outstanding. Two examples are below:

On May 4, 2017, Asher Wolmark’s FINRA BrokerCheck report describes a civil judgment/lien for $353,895.00 involving MB Financial Bank. The disclosure lists the court location as Cook County, Illinois.

On July 12, 2017, Asher Wolmark’s FINRA BrokerCheck report describes a tax lien for $152,833.00 with the IRS. The broker comment states the lien was part of a Chapter 11 bankruptcy filing.

Asher Wolmark’s FINRA BrokerCheck report reflects two additional judgment/lien disclosures in this category.

Rule Summary #1: FINRA Rule 3270 (Outside Business Activities of Registered Persons)

FINRA Rule 3270 requires registered persons to give prior written notice to their member firm before engaging in outside business activities for compensation. That notice helps firms assess conflicts and supervision risks.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation and connects the recommendation to the customer’s investment profile. Disputes about unsuitable investments often focus on those suitability factors.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Asher Wolmark:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Asher Wolmark has also passed Series 7, Series 31, Series 24, Series 8, Series 63, and Series 65.

Was previously registered with firms that include Kingsbury Capital, Inc., Kingsbury, LLC, and Freedom Investors Corp.

Kurta Law Can Help

If you have worked with Asher Wolmark and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Selling Away

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.