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Louis Goff Allegedly Made Misrepresentation and Misappropriated Investor Funds

Louis Goff (CRD #: 4882759), a previously registered with Wells Fargo Clearing Services, is embroiled in an SEC regulatory action. This disclosure appears on his BrokerCheck record, accessed on December 12, 2023. Details concerning the regulatory action are provided below. 

On September 25, 2023, the SEC alleged that Louis Goff participated in a fraudulent securities offering, along with five other individuals. They allegedly raised more than $2.1 million from at least 49 investors in connection with an allegedly fraudulent offering of subscription agreements in two pooled investment funds. 

Louis Goff allegedly told investors their investments in POD Solutions and Edgar Solutions would generate guaranteed profiles from a high-yield foreign currency trading program. He allegedly made material misrepresentations concerning the following:

  • The existence and structure of the fees charged to each fund, and
  • The method by which profits and losses were calculated, and 
  • The past and present performance of each fund. 

The defendants allegedly fabricated monthly account statements to show false and inflated values. They also allegedly misappropriated investor funds by paying themselves management fees to which they were not entitled. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misrepresentation and misappropriation violate this rule. 

Background Information 

Louis Goff 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 registered with Wells Fargo Clearing Services (CRD #: 19616) from 2011 to 2023. 

Kurta Law Can Help 

If you have worked with Louis Goff and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.