Were you the victim of Patrick Capital Markets, LLC broker Sanford Simmons (CRD# 1018907)? He was registered with Saxony Securities, Inc. in Castle Rock, Colorado, from 2023 to 2014, when he was terminated regarding, “Failed to appear for a scheduled 8210 inquiry.” He was registered with Patrick Capital Markets, LLC in Castle Rock, Colorado, from 2021 to 2022, Colorado Financial Service Corporation in Centennial, Colorado, in 2021, Wealthforge Securities, LLC in San Clemente, California, from 2020 to 2021, Patrick Capital Markets, LLC in San Clemente, California, from 2018 to 2020, and Provasi Capital Partners LP in Dallas, Texas, from 2013 to 2018.
In October 2024, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with an ongoing investigation that originated from a cause examination.”
Sanford Simmons Customer Complaints
He has been the subject of two customer complaints in 2024, according to his CRD report:
October 2024. “Breach of its duties and obligations to Claimant in connection with a recommendation to invest in a real estate-based Regulation D private placement.” The customer is seeking $102,000 in damages, and the case is currently pending. The complaint was regarding Reg D Private Placement DST, and it took place while he was registered with Patrick Capital Markets, LLC.
September 2024. “Breach of its duties and obligations to Claimant in connection with a recommendation to invest in several real estate-based Regulation D private placements.” The customer is seeking $1,800,000 in damages, and the case is currently pending. The complaint was regarding private placements, and it took place while he was registered with Patrick Capital Markets, LLC.
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, Patrick Capital Markets, LLC may be liable for investment or other losses suffered by Sanford Simmons’ 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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