Jerry Lou Guttman (Jerry Guttman) Fired by United Planners Financial Services of America A Limited Partner and Barred from Securities Industry – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - Jerry Lou Guttman (Jerry Guttman) Fired by United Planners Financial Services of America A Limited Partner and Barred from Securities Industry
From 2001 until Jerry Guttman’s firing in 2017, Jerry Guttman was licensed with United Planners Financial Services of America. According to FINRA’s records, Jerry Guttman was fired by United Planners Financial Services of America A Limited Partner on September 20, 2017. United Planners Financial Services of America A Limited Partner reported to FINRA that Jerry Guttman was accused of offering an unapproved investment to public and clients (Membership Units in Serenity Cemeteries).
FINRA also reports that Hornor Townsend & Kent, Inc., a prior employer of Jerry Guttman fired Jerry Guttman in October 2001 for providing inaccurate information concerning sales changes to a prospective customer in connection with solicitation of a mutual fund purchase.
Subsequent to Jerry Guttman’s firing by United Planners Financial Services of America, FINRA investigated Jerry Guttman and brought a disciplinary action against Jerry Guttman. Jerry Guttman was barred from the securities and investment banking industry by the Financial Industry Regulatory Authority (FINRA) on November 15, 2017. FINRA reports that consented to the sanction and to the entry of findings that Jerry Guttman sold more than $7,000,000 worth of membership interests in at least six different limited liability companies to 31 customers of Jerry Guttman’s member firm and seven non-customers without first disclosing the sales to the firm. The findings stated that Jerry Guttman participated in the sales of these membership interests to firm customers and non-customers by soliciting the membership interests to investors; communicating with investors about their investments; drafting, distributing, and collecting the investment agreements from each investor; collecting and depositing investors’ checks into the companies’ bank accounts; and managing the companies as one of only two managing members.
FINRA reports that three complaints and/or lawsuits were filed involving Jerry Guttman’s conduct, alleging misrepresentation and/or other allegations. These complaints and/or lawsuits all settled, with the largest settling for $550,000.
If you lost any money on investments with Jerry Guttman, you may be able to recover your losses from United Planners Financial Services of America A Limited Partner. This is because United Planners Financial Services of America A Limited Partner had a duty to supervise Jerry Guttman.
If you lost money on investments with Jerry Guttman and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against United Planners Financial Services of America A Limited Partner concerning Jerry Guttman’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Jerry Guttman and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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