The Financial Industry Regulatory Authority (“FINRA”) has barred stockbroker Jeffrey Warren from the securities industry. Mr. Warren was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation into a gift that Mr. Warren received from a former Oppenheimer & Co. Inc. customer. Mr. Warren was associated with Oppenheimer & Co. Inc. in Boca Raton, Florida, from 2009 until 2021.
If you have suffered financial losses investing with Jeffrey Warren or Oppenheimer & Co. Inc., contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.
Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Oppenheimer & Co. Inc.
FINRA Letter of Acceptance, Waiver, and Consent No. 2021070775901
Jeffrey Warren and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 28, 2021, after Mr. Warren refused to provide documents and information connected with FINRA’s investigation. The investigation originated from a complaint from a beneficiary of a deceased Oppenheimer customer regarding a gift the customer provided to Mr. Warren prior to the customer’s death.
On April 23, 2021, in connection with FINRA’s investigation, FINRA sent requests to Mr. Warren for information and documents pursuant to FINRA Rule 8210. On May 3, 2021, Mr. Warren, through counsel, stated in an email that he would not produce information and documents at any time.
By refusing to testify, Mr. Dixon violated FINRA Rules 8210 and 2010.
Financial Advisor Jeffrey Warren (CRD No. 2707969)
Jeffrey Warren had 25 years of experience in the securities industry and has been associated with four different firms:
- Oppenheimer & Co. Inc. in Boca Raton, Florida, from March 2009 to March 2021.
- Wachovia Securities, LLC in Boca Raton, Florida, from April 2004 to March 2009.
- UBS Financial Services, Inc. in Weehawken, New Jersey, from April 1999 to May 2004.
- Prudential Securities Incorporated in New York, New York, from March 1996 to April 1999.
According to his BrokerCheck report, Mr. Warren has been the subject of at least three customer disputes:
- Customer Dispute (February 2017): A beneficiary of a deceased customer submitted a written complaint directly to Oppenheimer & Co. Inc. The complaint alleged that a check was deposited without the beneficiary’s consent in or around January 2021. The customer did not file a securities arbitration The firm denied the beneficiary any compensation.
- Customer Dispute (February 2008): Customers filed a complaint directly to Wachovia Securities, LLC. The complaint alleged that Mr. Warren did not properly disclose the fees of Unit Investment Trusts that he recommended, and that Mr. Warren misled the customers about the safety of the investments. The customer did not file a securities arbitration The firm denied the beneficiary any compensation.
- Customer Dispute (September 20035): Customers filed a securities arbitration complaint alleging that Mr. Warren made unsuitable recommendations related to mutual funds. UBS Financial Services settled the dispute for monetary compensation.
Supervisory Duties
Brokerage firms like Oppenheimer & Co. Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.
How to Recover Financial Losses or Obtain a Free Consultation
If you have lost money with financial advisor Jeffrey Warren or Oppenheimer & Co. Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.