Travis Wolfe Allegedly Made Unsuitable Investment Recommendations

Travis Wolfe (CRD #: 5851265), a broker registered with Ausdal Financial Partners, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 20, 2022. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On August 12, 2022, an investor filed a dispute alleging that Travis Wolfe recommended unsuitable investments, misrepresented a product, and failed to conduct due diligence on a product sponsor. The client seeks $300,000 in this pending dispute.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to recommend securities that adequately suit an investor’s financial goals. Brokers must consider the information described in an investor’s profile, such as their risk tolerance, age, and tax status.

Regulation Best Interest (Reg-BI) is a regulation enforced by the Securities and Exchange Commission designed to expand on the requirements of FINRA Rule 2111. Reg-BI states that brokerage firms have an additional obligation to conduct reasonable diligence when researching investments and matching them to their clients’ profiles.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise unethical tactics to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or limitations violates this rule.

Background Information

Travis Wolfe has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 62 – Corporate Securities Limited Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Travis Wolfe is a registered broker in Illinois, Indiana, New Jersey, and New York. He is also a registered investment adviser in Illinois and New York.

He has also worked for the following firms:

• McAdam LLC (CRD#:170914)
• Purshe Kaplan Sterling Investments (CRD#:35747)
• Voya Financial Advisors (CRD#:2882)

Kurta Law Can Help

If you worked with Travis Wolfe 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.