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Sterling Hirsch Subject of Dispute Alleging Improper Sales Practices

Sterling Hirsch (CRD #: 4867105), a broker registered with Infinity Financial Services, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 18, 2023. Investors may have also engaged his services through Infinity Financial Services Advisory. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On March 29, 2023, a successor trustee alleged that Sterling Hirsch solicited the deceased client to purchase L Bonds offered by GWG Holdings, starting in May 2012 and continuing until June 2020. The client allegedly also chose to auto-renew his positions.

His successor trustee alleges that Sterling Hirsch engaged in improper sales practices. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe investor characteristics, such as their tax status, risk tolerance, and financial goals.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investigation by State of California

On February 10, 2021, the California Department of Insurance launched an investigation into Sterling Hirsch regarding alleged violations of state law.

Termination from First Allied Securities

On October 28, 2018, Sterling Hirsch was fired from First Allied Securities for allegedly violating firm policy by failing to disclose a loan from a client.

FINRA Rule 3240

FINRA Rule 3240 describes the circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

Background Information

Sterling Hirsch has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Sterling Hirsch is a registered broker in California, Georgia, North Carolina, and Ohio. He is also a registered investment adviser in California and North Carolina.

He has also worked for the following firms:

  • First Allied Advisory Services (CRD#:137888)
  • First Allied Securities (CRD#:32444)
  • Center Street Securities(CRD#:26898)
  • Brookstone Capital Management (CRD#:141413)
  • World Group Securities (CRD#:114473)

Kurta Law Can Help

If you worked with Sterling Hirsch and you have concerns about your investments, please contact us today at 877-600-0098 or 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.