Michael Sims was accused by clients of recommending inappropriate investments.
The Sonn Law Group is investigating allegations of misconduct against former broker Michael Sims. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
Michael Sims (CRD#:1034180), a California-based broker, worked in the securities industry for thirty-seven years for five different securities firms, most recently for Wedbush Securities, Inc. (Wedbush) from 2005 until 2019.
Prior to his employment Wedbush, Sims was employed by Citigroup Global Markets, Inc., Lehman Brothers Inc., E.F. Hutton & Company, Inc., and Merrill Lynch.
Sims has been the subject of four customer complaints over the course of his career.
- August 13, 2019 — Client alleged excessive trading, inappropriate investments, mismanagement of account, excessive commissions, and lack of superivison (Pending)
- January 18, 2019 — Clients alleged unsuitability, breach of fiduciary duty of loyalty, negligence, negligent misrepresentation, breach of contract, material omissions and misrepresentations in connection with the sale of securities, fraud and deciet based on concealment and violations of Federal statutes, CA laws, and FINRA Rules. (Settled for $702,600)
- July 13, 2018 —Client alleged she was unhappy with losses in her account and she wanted to be made whole (Settled for $26,604.71)
- June 27, 2008— Client alleged unsuitable investment recommendations, excessive commissions, and excessive trading (Settled for $10,000)
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your clai