Jesse Litvak, a former Jefferies & Co. managing director, has been charged with defrauding customers out of $2 million.
A jury has been selected in federal court in New Haven, Connecticut. Litvak is charged with fraud in connection with a United States program using bailout funds to help spur investment in mortgage-backed securities. This is one of the first cases tied to this program. In January, 2013, Litvak was indicted on charges of fraud connected to Troubled Asset Relief Program (TARP), securities fraud, and making false statements. Litvak is to date the only person charged with fraud in connection with the Public-Private Investment Program, which used more than $20 billion in TARP funds to spur investments in mortgage-backed securities issued before 2009.
Litvak pleaded not guilty and is free on $1 million bond. He was also sued by the Securities and Exchange Commission (SEC) for defrauding investors in 25 trades over two years.
Litvak was employed by Jefferies, Stamford, Connecticut, from April 2008 to December 2011 after he was terminated stemming from a customer complaint of over-charging. Before joining Jefferies, Litvak worked more than ten years at RBS Greenwich Capital in Greenwich, according to Financial Industry Regulatory Authority (FINRA) records.
Jefferies has agreed to pay $25 million to settle alleged abuses in the trading of mortgage-backed securities. Leucadia National Corp. acquired New York-based Jefferies last year.
If you were a client of former Jefferies & Co broker, Jesse Litvak, and have suffered significant losses, call for a free consultation on how to potentially recover those losses. To speak with an experienced attorney in this matter, call: 888-760-6552. Soreide Law Group represents investors nationwide before FINRA.
TORY A DUGGINS was barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm. The last firm Duggins was registered with was SPARTAN CAPITAL SECURITIES, LLC, of New York, New York from 02/29/2016 - 01/31/2024. According to the FINRA report dated 1/21/2026, TORY A DUGGINS was named a respondent in […]
Investors might have sustained financial harm through WestPark Capital Inc. [CRD: 39914, Los Angeles, California], according to publicly available information found on Financial Industry Regulatory Authority BrokerCheck. WestPark Capital has been registered with FINRA since 1996 and maintains its headquarters in Los Angeles, California. Keep reading to discover more about the regulatory action involving the […]
Investors might have sustained losses due to securities broker James Fredrick Tighe [CRD: 3129233, Phoenix, Arizona], and Financial Industry Regulatory Authority barred him, based on public information on BrokerCheck. Tighe was associated with Morgan Stanley from June 1, 2009, through January 14, 2025. Continue reading to find out more about Tighe’s regulatory and client dispute […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com