Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

Paul Soll: Los Angeles Financial Advisor Barred by FINRA

A disciplinary action taken by the Financial Industry Regulatory Authority against former Los Angeles, California broker Paul Soll (CRD# 430284) barred him after finding he refused to provide testimony during its investigation of possible trading abuses. A former representative of Financial West Group, Soll was barred from acting as a broker or otherwise associating with a broker-dealer firm.

According to a Letter of Acceptance, Waiver and Consent (No. 2017054755202) dated July 2018, FINRA initiated an investigation in December 2017 into Paul Soll’s “trading activities” while a representative of Financial West Group, including “possible excessive trading, churning, and unsuitable recommendations of penny stocks” between January 2013 and December 2015. FINRA staff sent him a request on May 30, 2018 to provide on-the-record testimony to FINRA on June 26 and 27, 2018. The following month, on June 20, 2018, Soll indicated through counsel that he was in receipt of FINRA’s request but would not appear for testimony to FINRA “at any time.” FINRA found this refusal to constitute a violation of FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, he was barred from associating with any FINRA member firm in any capacity.

Paul Soll’s disclosure records also list one customer complaint against him. Filed at an unspecified date, the complaint alleged that as a representative of Oppenheimer & Company, Paul Soll breached contract, breached his fiduciary duty, and made misrepresentations connected to the sale of US Treasury bonds “on a leveraged basis.” The complaint reached a settlement of $660,574.

Paul Soll is currently not registered as a broker or investment advisor. His employment history includes Western International Securities in Los Angeles, California; Financial West Group in Los Angeles, California; SRM Securities in Los Angeles, California; Oppenheimer & Company; Cantor Fitzgerald; and Newburger Loeb & Company. He currently holds zero state licenses and has passed six securities industry qualification examinations.

Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

UBS Adviser Alex Williams: Investor Alleges Unsuitable Options Investment

Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According to Financial Industry Regulatory Authority (FINRA) records, the complaint concerns...

Read More

$600K Options Complaint Against Los Angeles Broker Bill Calvert

Financial Industry Regulatory Authority (FINRA) records indicate that UBS Financial Services broker Bill Calvert (CRD# 1023796) has received a pending customer complaint regarding an allegedly unsuitable investment in an options...

Read More

UBS’ Timothy Croak: Unsuitable Options Strategy Allegations

Timothy Croak (CRD# 840899), a New York City-based broker and investment adviser, has received a pending customer complaint, according to Financial Industry Regulatory Authority (FINRA) records. The complaint against the...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation