Erez Law is currently investigating Cornerstone Financial Planning, Inc. president John Wolf (CRD# 1846080) regarding GWG Holdings Inc. losses. He was registered with Purshe Kaplan Sterling Investment in Appleton, Wisconsin, from 2009 to 2016, and Raymond James Financial Services, Inc. in Asheville, North Carolina, from 1996 to 2009, when he was terminated regarding, “FA terminated as a result of various variable annuity complaints and failure to disclose outside fixed annuity business.”
John Wolf Customer Complaints
He has been the subject of nine customer complaints between 2007 and 2023, two of which were closed without action and one was denied, according to his CRD report:
May 2023. “Claim of breach of fiduciary duty, misrepresentation, negligence and violation of securities law in the sale of GWG L bonds in February of 2021.” The case was settled for $65,000. The complaint took place while he was registered with Cornerstone Financial Planning, Inc.
April 2023. “John Wolf was named in a customer complaint that asserted the following causes of action: unsuitability and misrepresentation in violation of North Carolina Securities Act, N.C.G.S. § 78A-56; breach of fiduciary duty; negligence; and gross negligence.” The customer is seeking $750,000 in damages, and the case is currently pending. The complaint took place while he was registered with Cornerstone Financial Planning, Inc., and it was regarding corporate debt.
March 2023. “Received notice from clients attorney requesting arbitration but nothing further about damages or timing of arbitration.” The case is currently pending. The complaint took place while he was registered with Cornerstone Financial Planning, Inc., and it was regarding direct investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cornerstone Financial Planning, Inc. may be liable for investment or other losses suffered by John Wolf’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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