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Louis Goff: SEC Fraud Charges Against Wells Fargo Advisor
Salt Lake City financial advisor Louis Goff (CRD# 4882759) allegedly participated in a fraudulent securities offering, according to a recent Securities and Exchange Commission complaint. Financial Industry Regulatory Authority records show that he is currently a broker registered with Wells Fargo Clearing Services.
Mr. Goff’s BrokerCheck report discloses the SEC action against him. Filed in September 2023, it alleges that he and a group of other defendants “raised more than $2.1 million from at least 49 investors” through the operation of a “fraudulent offering of subscription agreements in two pooled investment funds.” The funds in question were called POD Solutions and Edger Solutions, according to the SEC, and the defendants allegedly made false representations to investors that investments in them “would generate guaranteed profits from a high-yield foreign currency… trading program.”
In connection with this offering, they allegedly “made numerous material representations to investors,” including misrepresentations about fees, the calculation of profits and losses, and “the present and past performance of each fund.” The SEC additionally alleges that Goff and the other defendants participated in “a scheme to deceive investors and furthered this scheme by fabricating monthly account statements to show false and inflated values in investor accounts.” The SEC alleges that they violated antifraud provisions of federal securities laws in the pending complaint.
According to the Financial Industry Regulatory Authority, Louis Goff holds 16 years of securities industry experience. Based in Salt Lake City, Utah, he has been a broker with Wells Fargo since 2011. His past registrations include Hornor Townsend & Kent (Salt Lake City, Utah; 2008-2009), Lincoln Financial Advisors Corporation (Ogden, Utah; 2005-2008); the Lincoln National Life Insurance Company (Fort Wayne, Indiana; 2005-2006), and NYLife Securities (New York, New York; 2005). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 53 state licenses. (Information current as of October 15, 2023.)
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