Geoffrey Wolterstorff Subject of SEC Investigation into Alleged Reg BI Violations

Geoffrey Wolterstorff (CRD #: 2711805), a broker registered with Lifemark Securities Corp., is the subject of an SEC investigation, according to his BrokerCheck record, accessed on July 31, 2023. For details concerning the investigation, keep reading. 

On May 1, 2023, the SEC announced an investigation into a Wells Notice had been issued to Geoffrey Wolterstorff, alleging he violated federal securities laws, including Rules 15I-1 of the Securities Exchange Act. 

• Rule 15I-1 describes the requirements of Regulation Best Interest. Regulation Best Interest requires financial advisers and brokers who are associated with brokerage firms to disclose conflicts of interest and have a reasonable basis for thinking their recommendations are in their customer’s best financial interests. 

There is another regulatory disclosure from January 15, 2016, initiated by the Wisconsin Office of the Commissioner of Insurance. WI DOI alleged that Geoffrey Wolterstorff misrepresented policy compensation dividends. WI DOI fined Geoffrey Wolterstorff $500. 

Background Information 

Geoffrey Wolterstorff has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in Michigan, Minnesota, and Wisconsin. 

Geoffrey Wolterstorff has registered with the following firms: 

• Lifemark Securities Corp. (CRD #: 16204) 
• Foresters Equity Services (CRD #: 18464) 
• Packerland Brokerage Services (CRD #: 37031) 
• Country Capital Management Company (CRD #: 12060) 
• Thrivent Investment Management (CRD #: 18387) 
• Ameriprise Financial Services (CRD #: 6363) 
• IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help

If you worked with Geoffrey Wolterstorff and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.