RedFlags, Allegations and Complaints against JAMES EDWARD WOLF
Disclosure #1 for JAMES WOLF
-
- eventDate: 11/30/2004
- Disclosure Type: Criminal
- Disclosure Resolution: Final Disposition
- Disclosure Detail :: criminalCharges :: Charges: THE DEPARTMENT OF JUSTICE (DOJ) FILED A CRIMINAL COMPLAINT AGAINST AIG-FP PAGIC, CHARGING AIG-FP PAGIC WITH VIOLATING TITLE 15, US CODE SECTIONS 78J(B) AND 78FF(A), CODE OF FEDERAL REGULATIONS, SECTION 240. lOB-5 AND TITLE 18, US CODE SECTION 2. THE COMPLAINT ALLEGED THAT AIG-FP PAGIC VIOLATED FEDERAL SECURITIES LAWS BY AIDING AND ABETTING SECURITIES LAW VIOLATIONS BY A PUBLIC COMPANY, PNC FINANCIAL SERVICES GROUP, INC. (PNC), IN CONNECTION WITH A TRANSACTION ENTERED INTO IN 2001 WITH PNC THAT WAS INTENDED TO ENABLE PNC TO REMOVE CERTAIN ASSETS FROM ITS BALANCE SHEET. THE COMPLAINT ALLEGED THAT AIG-FP PAGIC KNEW, OR WAS DELIBERATELY IGNORANT IN NOT KNOWING, THAT THE PNC TRANSACTION DID NOT SATISFY THE REQUIREMENTS OF GAAP FOR NON-CONSOLIDATION OF SPECIAL PURPOSE ENTITIES.
- Disposition: Dismissed
- Broker Comment: AIG, AIG-FP AND AIG-PAGIC RELIED UPON AN ACCOUNTING OPINION RECEIVED FROM THE NATIONAL OFFICE OF ERNST & YOUNG (E&Y) THAT THE PNC TRANSACTION STRUCTURE SATISFIED THE REQUIREMENTS OF GAAP FOR NON-CONSOLIDATION OF SPECIAL PURPOSE ENTITIES. PNC RECEIVED OPINIONS FROM E&Y FOR EACH TRANSACTION THAT THE TRANSACTION COMPLIED WITH GAAP. AIG, AIG-FP AND AIG-PAGIC ALSO RELIED UPON GUIDANCE FROM PNC THAT THEIR REGULATOR UNDERSTOOD AND APPROVED THE TRANSACTIONS. AFTER THE PNC TRANSACTIONS CLOSED, THE SEC, HOWEVER, DETERMINED THAT THE PNC TRANSACTIONS DID NOT COMPLY WITH GAAP. I COOPERATED WITH THE DOJ AND SEC INVESTIGATIONS OF THE PNC TRANSACTIONS. NEITHER THE SEC NOR THE DOJ TOOK ANY ACTION AGAINST ME OR ANY INDIVIDUAL AT AIG.
Should I file a FINRA complaint against brokers like JAMES EDWARD WOLF?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by JAMES EDWARD WOLF’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About JAMES EDWARD WOLF
What is JAMES WOLF’s Central Registration Depository (CRD) Number?
Which firm is JAMES EDWARD WOLF associated with?
WINKLEVOSS INSURANCE AGENCY, LLC
Where is JAMES WOLF located?
TWO GREENWICH OFFICE PARK, GREENWICH, CT, 6831
Where can I find more details about JAMES WOLF’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/39081 to read a detailed report for WINKLEVOSS INSURANCE AGENCY, LLC
Are there any disclosures, allegations or complaints filed against JAMES EDWARD WOLF?
Where can I download a detailed FINRA report for JAMES WOLF?
Is it safe to do business with JAMES EDWARD WOLF?
We’re not sure. Please research JAMES WOLF’s disclosures, allegations and complaints before taking a decision
Originally reported on November 15, 2022 @ 11:33 pm
The views and opinions expressed in these articles are those of the source BrokerAudit.com and do not necessarily reflect the official position of ‘Skeptic Files’, which shall not be held liable for any inaccuracies presented. The information provided within this article is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information in this article for any purpose.
This article is syndicated automatically through a third-party agency from BrokerAudit.com.
To view the original article at BrokerAudit.com, you can visit https://www.brokeraudit.com/james-edward-wolf-winklevoss-insurance-agency-llc/.
