Christopher Richard Wurtzinger (Christopher Wurtzinger) – Broker Christopher Wurtzinger Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Christopher Richard Wurtzinger (Christopher Wurtzinger) CRD #1921024
Christopher Wurtzinger was a previously licensed financial advisor with Sorsby Financial Corp, and Forest Securities, Inc. Christopher Wurtzinger is currently licensed with American Trust Investment Services, Inc. According to FINRA, Christopher Wurtzinger was suspended from the securities industry for four weeks in July 2020.
According to FINRA Allegations:
Wurtzinger consented to the sanction and to the entry of findings that he failed to conduct a reasonable analysis into whether the proposed activity of a member firm registered representative was properly characterized as an outside business activity or whether it should be treated as an outside securities activity, and also failed to document any analysis. The findings stated that in three instances, the representative submitted outside business activity forms seeking to engage in introduction and sales of a first position commercial mortgage program and disclosing that he would be receiving compensation in connection this activity. Wurtzinger reviewed the outside business activity forms and approved the activity as an outside business activity. The representative sold at least $3,365,000 in the program notes to investors outside of the firm. Two of the investors were firm customers who held accounts directly with the program sponsors. Although the representative failed to disclose certain facts about the program notes, the outside business activity forms did contain sufficient information to put Wurtzinger on notice that the proposed activity may be a securities activity. There was information in the public domain that should also have triggered such an inquiry, including for example, state regulatory actions and the fact that the program notes would be pooled. Among a self-advertised real-estate investment venture company suite of products were the program notes. The SEC filed a complaint in the United States District Court for the Southern District of Florida against the company and its former owner, among others, claiming that the owner and the company operated a Ponzi scheme. In addition, prior to the submission of the second outside business activity form, Wurtzinger was involved in the firm’s denial of another representative’s request to engage in the program note sales because the firm had determined that the notes were securities.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Christopher Wurtzinger 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 concerning Christopher Wurtzinger’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 $200 million on behalf of victimized investors. If you lost money on investments with Christopher Wurtzinger 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.
Some of the information in this blog post was obtained on 12/18/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.