Jeff Sime: IPO Complaint Against Atlas Clearing Advisor

Salt Lake City, Utah financial advisor Jeff Sime (CRD# 1554798) recently received an investor complaint alleging that he violated industry rules. Financial Industry Regulatory Authority records show that he is registered as a broker with Atlas Clearing, having previously been registered with Lime Trading Corporation.

Mr. Sime’s BrokerCheck report discloses one investor complaint. Filed in June 2026, it alleges that as a representative of Lime Trading Corporation, he violated Section 15 of the Securities Act of 1933 in connection with certain IPOs, and that his firm violated Sections 11 and 12(a)(2) of the Securities Act of 1933. The pending complaint alleges unspecified damages.

Under Section 15 of the Securities Act of 1933, individuals who control a company that violates Section 11 or 12 of the Securities Act of 1933 have “control person” liability. Section 11 of the Securities Act of 1933, meanwhile, holds companies and certain individuals liable if public stock registration records contain false statements or omit material facts. Section 12(a)(2), finally, makes liable any individual who offers or sells a security by means of a prospectus or oral communication, if that prospectus or oral communication includes material misstatements or omissions.

According to the Financial Industry Regulatory Authority, Jeff Sime holds 30 years of securities industry experience. Based in Salt Lake City, Utah, he has been registered as a broker with Atlas Clearing since 2025. His past registrations include Lime Trading, Embed Clearing, Axos Invest, Axos Clearing, Nunami Services, Legent Clearing, and Kirkpatrick Pettis Smith Polian. His credentials include the passage of nine securities industry qualifying exams: the Municipal Securities Principal Examination, or Series 53; the Investment Banking Registered Representative Examination, or Series 79TO; the Operations Professional Exam, or Series 99TO; the Municipal Securities Representative Examination, or Series 52TO; the Financial and Operations Principal Examination, or Series 27; the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds two state licenses. (Information current as of August 30, 2026.)

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