Salt Lake City Wells Fargo Advisor Accepts FINRA Bar Following SEC Settlement

Posted on January 19th, 2024 at 1:30 PM

From the desk of Jim Eccleston at Eccleston Law 

Louis P. Goff, a former Wells Fargo Advisors broker in Salt Lake City, Utah, has agreed to a bar from the brokerage industry imposed by the Financial Industry Regulatory Authority (FINRA).

Goff settled with the Securities and Exchange Commission (SEC) earlier this year, paying $60,000 to resolve allegations of his involvement in a fraudulent trading scheme that raised over $2.1 million for two outside funds.

The SEC accused Goff of misleading investors and collaborating with individuals with criminal backgrounds. Goff did not admit or deny wrongdoing in either the SEC or FINRA cases. As reported by AdvisorHub, the SEC also enjoined him from participating in securities sales outside of his accounts.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra, sec

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