Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 30, 2017 indicate that former Arizona-based United Planners’ Financial Services of America broker Jerry Guttman has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Guttman (CRD# 1078383).
Jerry Guttman has spent 26 years in the securities industry and was most recently registered with United Planners’ Financial Services of America in Phoenix, Arizona (2001-2017). Previous registrations include Hornor Townsend & Kent in Horsham, Pennsylvania; First Allied Securities in San Diego, California; Sun Investment Services Company in Wellesley Hills, Massachusetts; Pim Financial Services in San Marcos, California; John Hancock Distributors in Boston, Massachusetts; John Hancock Mutual Life Insurance Company in Boston, Massachusetts; and IDS Marketing Corporation. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on March 16, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 5, 1992; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 19, 1991; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on January 7, 2009. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received three customer complaints and one FINRA sanction.
In 2017 FINRA sanctioned him following allegations he sold more than $7 million’s worth of membership in at least 6 separate LLCs to 31 customers of his member firm, as well as 7 non-customers, without first disclosing these sales to the firm. He was barred from acting as a broker or otherwise associating with a broker-dealer firm.
In 2017 he was terminated from his position at United Planners’ Financial Services of America following allegations he offered an unapproved investment to clients and the public.
In 2007 a customer filed a complaint against Jerry Guttman, while he was employed at United Planners’ Financial Services of America, disputing the liquidation of two stocks. The complaint settled for $2,500.
In 2002 a customer alleged Jerry Guttman, while employed at Hornor Townsend & Kent, misrepresented material facts related to the sale of a life insurance policy. The complaint settled in 2004 for $200,000.
In 2001 he was discharged from his position at Hornor Townsend & Kent following allegations he gave inaccurate information regarding sales charges to a prospective customer.
If you or someone you know has lost money investing with Jerry Guttman, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.