Sterling Hirsch: Ex-First Allied Rep Terminated Over Client Loan Allegations
Public records provided by the Financial Industry Regulatory Authority and accessed on June 18, 2019 indicate that California-based Infinity Financial Services broker/adviser Sterling Hirsch was discharged from a former employer in connection to alleged rule violations and has received a pending customer complaint. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hirsch (CRD# 4867105).
Sterling Hirsch has spent 12 years in the securities industry and has been registered with Infinity Financial Services in Oakland and Yucaipa, California since December 2018. Previous registrations include First Allied Securities in Yucaipa, California (2013-2018); Center Street Securities in Palm Springs, California (2010-2013); and World Group Securities in Orange, California (2005-2008). He has passed five securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on May 28, 2010; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 28, 2004; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on March 31, 2010; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on December 27, 2004. He is a registered broker and investment adviser with three US states: California, Georgia, and Ohio.
According to his BrokerCheck report, he has received one pending customer complaint and was discharged from a former employer in connection to alleged rule violations.
In May 2019 a customer alleged Sterling Hirsch, while employed at First Allied Securities, engaged in unspecified misconduct pertaining to IRA, Roth, and TOD products. The customer’s complaint states: “In the last week I have truly discovered what a mess you have made of my investments at First Allied. It’s unfathomable that you, and First Allied, have placed me, a common retail investor, in such a difficult position as to have to consider legal actions just to unwind my investments, dissolve my accounts, and move on.” The customer is seeking unspecified damages in the pending complaint.
In 2018 he was terminated from his position at First Allied Securities in connection to allegations he contravened firm policy when he failed to disclose a loan he received from a customer. His “Broker Comment” on the disclosure reads: “The loan originated from a no-client in 2009. The lender later became a client in 2010. The loan was fully disclosed during a branch audit and the loan is in good standing.”
If you or someone you know has lost money investing with Sterling Hirsch, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.