Jeffrey Paul Weiner of New York, New York, a stockbroker formerly registered with Pruco Securities LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Weiner’s unauthorized activities, including impersonating a Pruco Securities customer to identify information on their policies. Letter of Acceptance, Waiver, and Consent No. 2021070405001. Weiner violated FINRA Rule 2010.
FINRA Public Disclosure shows that Weiner has been identified in 10 customer initiated investment related disputes regarding allegations of his activities while employed by MSI Financial Services (MetLife Securities) and MML Investors Services (MassMutual). On February 15, 2018, a customer filed an investment related complaint regarding Weiner’s conduct where the customer requested compensatory damages based upon accusations of omissions by Weiner relating to the customer’s variable life insurance policy purchased through him and MSI Financial Services.
Weiner is also identified in a customer initiated investment related written complaint on January 2, 2020, in which the customer sought compensatory damages founded on allegations of Weiner misleading the customer as it pertained to a VUL premium.
On May 19, 2020, another customer filed an investment related complaint concerning Weiner’s activities where the customer requested compensatory damages supported by accusations that Weiner misrepresented information in regard to the customer’s VUL policy purchase. The customer was allegedly not informed about a 1035 exchange involving a switch from a whole life policy to a VUL policy.
Weiner is also the subject of a customer initiated investment related written complaint on May 23, 2020, in which the customer sought compensatory damages based upon allegations of a bad 1035 exchange regarding two universal life insurance policy purchases. The complaint alleges that the customer was not told about surrender charges for moving out of existing policies.
On August 26, 2021, another customer initiated investment related complaint concerning Weiner’s conduct was settled for $79,585.03 in damages founded on accusations of misrepresented information by Weiner concerning the customer’s variable life insurance purchase while Weiner was employed by MML Investors Services.
Weiner was associated with MSI Financial Services between October 20, 1994, and March 25, 2017, MML Investors Services between March 25, 2017, and February 10, 2020, and Pruco Securities between March 17, 2020, and February 19, 2021. Pruco Securities discharged Weiner for violating the company’s standards of conduct.
