JEFFREY A. CASHMORE (CRD# 1928725) former LPL broker, was suspended and fined by FINRA for alleged misconduct for distributing misleading sales information to his clients and prospective clients.
According to a recent article in Reuters, in one case, six retirees of the former Niagara Mohawk Power Corp, now a part of National Grid USA, a subsidiary of National Grid, allege that Jeffery Cashmore, who was a broker for LPL Financial LLC at the time, advised them to cash in their pensions when they retired and roll the money over into investments that he would manage. The retirees lost millions of dollars when they could have locked in their monthly pension payments for life.
Jeffrey Cashmore, currently has an investment advisory firm in Williamsville, New York.
According to FINRA's BrokerCheck, Jeff Cashmore was previously registered with the following securities firm(s):
Registered Dates Firm
11/1994 - 10/2012 LPL FINANCIAL LLC (CRD# 6413) - WILLIAMSVILLE, NY
10/1992 - 11/1994 KIDDER, PEABODY & CO. INCORPORATED (CRD# 7613) - NEW YORK, NY
06/1990 - 10/1992 LIBERTY SECURITIES CORPORATION (CRD# 14416) - PURCHASE, NY
03/1989 - 07/1990 SHEARSON LEHMAN HUTTON INC. (CRD# 7506) - NEW YORK, NY
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