Jeffrey Dampf of Totowa New Jersey a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not respond to FINRA’s instructions when he was investigated for possibly misappropriating customer funds while he was registered with PFS Investments. Letter of Acceptance Waiver and Consent No. 2021072405501 (October 1, 2021).
According to the AWC, FINRA’s investigation into Dampf concerned allegations of Dampf misappropriating funds from older adults. The AWC states that on September 10, 2021, Dampf was told to testify and provide information and documents to FINRA to comply with Rule 8210. Dampf phoned FINRA on September 21, 2021, relaying that he would not make an appearance or provide the information and documents. Dampf prevented FINRA from ascertaining whether he misused customer funds. For obstructing the investigation, FINRA found that Dampf violated Rules 2010 and 8210. He was barred for this reason.
Dampf was registered with PFS Investment between October 21, 2009, and September 17, 2021. He was permitted to resign from PFS Investments supported by accusations that he was charged with felonies relating to taking elderly customers’ funds.
