Jeffrey Dampf of Totowa, New Jersey, a stockbroker registered with PFS Investments Inc., has been barred as a stockbroker by New Jersey Bureau of Securities because Dampf was the subject of a different regulatory enforcement action resulting in his expulsion from the securities industry. New Jersey Bureau of Securities Order (October 19, 2022).
Specifically, Dampf has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Dampf failed to testify and provide information and documents to FINRA when it investigated the stockbroker for misappropriation. Letter of Acceptance, Waiver, and Consent No. 2021072405501 (October 1, 2021).
According to the AWC, on September 10, 2021, FINRA asked Dampf to testify and provide certain documents in the investigation. The regulator’s investigation focused on claims that Dampf had stolen money from elderly persons.
During a phone call with FINRA on September 21, 2021, Dampf confirmed that he got the requests but would not testify or provide the requested documents at any time. By not showing up for testimony and not handing over the documents, Dampf violated FINRA Rules 2010 and 8210.
Dampf’s stockbroker registration with PFS Investment Inc. was terminated on September 21, 2021.
