FINRA Barred Financial Advisor, Juergen Weber, For Failing To Appear For Testimony To Respond To Allegations Of Unauthorized Trading
The Wolper Law Firm is currently investigating claims against Juergen Weber, a former Financial Advisor Benjamin & Jerold Brokerage in New York, NY. Juergen Weber has been in the securities industry since the 1990s and previously worked at Avalon Partners.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on September 5, 2018, FINRA sanctioned Juergen Weber, barring him from associating with any brokerage firms going forward. FINRA previously initiated an investigation into Juergen Weber’s sales practices. When Juergen Weber failed to respond to FINRA’s request to appear and give testimony, he was barred. The sanction specifically alleges that Juergen Weber “made unsuitable recommendations and executed unauthorized trades in a customer’s account.”
To review a full copy of FINRA sanction, click http://www.finra.org/sites/default/files/fda_documents/2017056035501%20Juergen%20Weber%20CRD%202617323%20AWC%20va.pdf
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
If you or someone you know was a customer of Juergen Weber and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at email@example.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.