Jeffrey Warren of Boca Raton Florida a stockbroker formerly registered with Oppenheimer Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Warren failed to comply with FINRA when he was being investigated in regard to a “gift” he obtained from a deceased Oppenheimer customer. Letter of Acceptance Waiver and Consent No. 2021070775901 (May 28, 2021).
On February 10, 2021, a customer filed an investment related complaint pertaining to Warren’s activities in which the customer sought $125,000.00 in damages founded on allegations that an unauthorized check was cashed by Warren in January of 2021 without a beneficiary’s consent.
According to the AWC, Warren received a gift from that person before they died.
A beneficiary of that customer’s estate complained about the gift which prompted FINRA to investigate the stockbroker.
But when FINRA asked Warren to for documents and information on April 23, 2021, he refused, and as a result, violated FINRA Rules 2010 and 8210 for failing to comply with FINRA’s requests in the investigation.
Warren has been identified in four customer initiated investment related disputes regarding accusations of his wrongdoing during the period that he was registered with UBS Financial Services Inc., Oppenheimer and Wachovia Securities. FINRA Public Disclosure confirms that a customer initiated investment related complaint was resolved for $14,000.00 in damages supported by allegations that Warren made unsuitable mutual fund purchases for the customer’s account.
Another customer filed an investment related complaint regarding Warren’s activities where the customer sought compensatory damages founded upon accusations that Warren told them that there would be lower fees than there actually were on unit investment trust transactions. According to the complaint, the customer had been misled concerning investment risks.
Warren is also referenced in a customer initiated investment related written complaint on May 5, 2021 where the customer sought $30,000.00 in damages supported by accusations that Warren made misrepresentations to the customer regarding unit investment trust and variable annuity transactions that were executed when he was associated with Oppenheimer. The complaint alleges unsuitable trading of those investments by the stockbroker.
Warren was associated with Oppenheimer between March 24, 2009 and March 19, 2021.