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FINRA Bars Broker Herbert Voss, Jr. After Allegations of Unauthorized Trading

Herbert Voss, Jr. (CRD #1014475) is a previously registered broker and investment advisor, whose was last registered with StockCross Financial Services, Inc. (CRD #6670) of Beverly Hills, CA. His previous employers include UBS Financial Services Inc. (CRD #8174), also of Beverly Hills, and Waterhouse Securities, Inc. (CRD #7870). No current employment information is available. He has been in the industry since 1982.

FINRA began investigating Voss after allegations that he engaged in unauthorized trading in a customer’s account. After FINRA sent Voss a letter on 4/25/2018 requesting on-the-record testimony in the investigation, his counsel responded that Voss declined the request to testify at any time. Voss was then barred in all capacities by FINRA from associating with any associated brokerage, effective 5/23/2018. StockCross then discharged Voss from his employment.

Voss’ most recent customer complaint was filed on 12/15/2017, alleging “Poor Performance, Fiduciary Breach and Failure to Supervise.” Damages requested total $550,000. Voss’ response was that the facts are being discussed by counsel for both parties. The case is currently listed as “pending.”

A previous customer complaint from a client’s power of attorney was filed on 2/3/2017, regarding the selection of claims and their suitability. This case was settled through mediation on 12/10/2017 for the requested damage amount of $900,000, with no input or contribution from Voss.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers represent investors nationwide to help recover investment losses due to stockbroker misconduct and improper investment losses. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. We handle most of our cases on a contingent fee basis. You won’t pay legal fees unless we win your case.

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