Our firm is investigating Atlas Clearing, Inc. broker Jeffrey Norman Sime (CRD# 1554798) of Salt Lake City, Utah for potential investment-related misconduct. According to FINRA BrokerCheck, Sime is currently registered with Atlas Clearing, Inc. and has one pending customer dispute disclosure on his record.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Jeffrey N. Sime has been registered in the securities industry with the following firms:
- Atlas Clearing, Inc. — 01/2025 to Present (Salt Lake City, UT)
- Lime Trading Corp — 01/2024 to 12/2024 (New York, NY)
- Embed Clearing LLC — 02/2022 to 12/2023 (Vancouver, WA)
- Axos Invest LLC — 07/2019 to 02/2022 (Las Vegas, NV)
- Axos Clearing LLC — 11/2010 to 02/2022 (Omaha, NE)
- Nunami Services, LLC — 04/2009 to 12/2010 (Denver, CO)
- Legent Clearing — 06/2002 to 06/2007 (Omaha, NE)
- Kirkpatrick, Pettis, Smith, Polian Inc. — 03/1994 to 10/2002 (Omaha, NE)
FINRA also reports employment-related roles including Chief Executive Officer of Wilson-Davis & Co., Inc., Head of Clearing Services and FINOP/PFO at Lime Trading Corp, executive positions at Embed Clearing LLC, and ownership of JS Consulting.
Sime also reports outside business activities involving JS Consulting, where he is described as CEO/owner of a tax, accounting, and business consulting business; service on the board of the Ollie Webb Center; and work involving the shutdown of Embed Financial Technologies Inc. in connection with the FTX US bankruptcy. These activities are reported as non-investment-related.
Jeffrey Norman Sime Allegations and Investor Complaint Explained
FINRA BrokerCheck reflects one pending customer dispute reported for Jeffrey N. Sime. FINRA cautions that a pending disclosure contains allegations that have not been proven or formally adjudicated and may ultimately be withdrawn, dismissed, resolved in favor of the broker, or otherwise concluded without a finding of wrongdoing.
Pending Civil Litigation: Alleged Securities Act Violations Related to Certain IPOs
According to the BrokerCheck disclosure, the employing firm at the time of the activities that led to the complaint was Lime Trading Corp.
The plaintiffs allege that Sime violated Section 15 of the Securities Act of 1933. The disclosure further states that plaintiffs allege the firm violated Sections 11 and 12(a)(2) of the Securities Act of 1933 stemming from the firm’s participation in certain IPOs, allegedly resulting in Sime’s violation of Section 15.
The disclosure provides the following information:
- Disclosure Type: Customer Dispute — Pending
- Employing Firm When Activities Occurred: Lime Trading Corp
- Product Type: Equity Listed (Common & Preferred Stock)
- Date Notice/Process Served: 06/25/2026
- Alleged Damages: $0.00
- Damages Explanation: Amount undetermined at this time
- Court: Supreme Court of the State of New York
- Location: County of New York
- Docket/Case #: 154747/2026
- Litigation Pending: Yes
Disclosure Summary
- Customer Dispute — Pending Civil Litigation
- Firm involved: Lime Trading Corp
- Allegations: Plaintiffs allege violations involving Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 in connection with certain IPOs
- Product: Listed common and preferred stock
- Date served: June 25, 2026
- Damages: Undetermined
- Court: Supreme Court of the State of New York, County of New York
- Case #: 154747/2026
- Status: Pending
Conclusion
Investors evaluating these allegations should remember that the litigation remains pending. The allegations reported in a BrokerCheck disclosure are not themselves findings of liability or wrongdoing. FINRA specifically advises that pending allegations may be contested, unresolved, or unproven and could ultimately be withdrawn, dismissed, resolved in favor of the broker, or concluded through a settlement without an admission or finding of wrongdoing.
Investors who are considering doing business with Jeffrey N. Sime may want to review his complete FINRA BrokerCheck report under CRD# 1554798 for the most current information concerning his registration history and disclosure record.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
The allegations reported in Sime’s BrokerCheck disclosure involve provisions of the Securities Act of 1933 relating to securities offerings. Section 11 generally concerns potential liability for material misstatements or omissions in a registration statement, while Section 12(a)(2) addresses certain material misstatements or omissions in securities offerings. Section 15 concerns potential controlling-person liability connected to violations of Sections 11 or 12.
Whether any person is actually liable under these provisions depends on the specific facts, the parties’ roles, available defenses, and the court’s determination. In Sime’s case, the litigation is still pending and the reported allegations have not been adjudicated.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, unsuitable recommendations, and other investment-related misconduct. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.