Wolf Popper, with J.H. Darbie & Company, Suspended 30 days from the Securities Industry
Have you lost money with financial advisor Wolf Popper of New York, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Wolf Alexander Popper. FINRA suspended Popper from the securities industry for 30 days and fined him $5,000 regarding allegations that he recommended that customers withdraw money from their home equity to invest in variable annuities. Popper was also alleged to have misrepresented the risks of investing in these variable annuities using home equity.
For over a decade, FINRA has warned brokers about using home equity to invest. NASD Notice to Members 04-89 discusses the many pitfalls of using home equity to invest, including if the investor fails to achieve enough return to meet the monthly mortgage payments. This could eventually lead to an investor losing their home.
Wolf Popper is a financial advisor and registered representative of J.H. Darbie & Company from 2005 to the present. He worked at a branch office in New York City.
Brokerage firms like J.H. Darbie & Company have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Popper, Wolf FINRA AWC
Click to view: Popper, Wolf BrokerCheck 4.10.18
If you lost money with Wolf Popper or J.H. Darbie & Company, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.