JEFFEREY DYRA Allegedly Misappropriated Funds

Banker's Life Broker Jefferey Dyra Possibly Misappropriated Funds

Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to securities broker Jefferey Dyra [CRD#: 6785909, Naperville, Illinois]. Supposedly, at least two clients raised serious concerns about the securities broker, who worked for Bankers Life Securities until it disaffiliated with him in 2019 due to a client’s allegations of his misappropriation of funds. Also, FINRA barred Dyra for failing to comply with its investigation requests. In sum, these disclosures suggest that Dyra is hiding something from FINRA and that he possibly deceived his clients. Read on to learn more concerning the allegations against Dyra.

Jefferey Dyra Allegedly Makes Unauthorized Trades In Bankers Life Client’s Account

Supposedly, a client of Bankers Life Securities and Bankers Life and Casualty Company contested Jefferey Dyra through a complaint dated December 13, 2019. Allegedly, Dyra “unlawfully sold” the client’s 363 shares of Apple without authorization. For this reason, the client demanded that Bankers Life or Dyra pay $47,000. However, Bankers Life denied the claim.

Bankers Life Clients Indicate That Dyra Misappropriated Funds

Apparently, on June 13, 2019, a Bankers Life client brought an investment dispute concerning Jefferey Dyra. Notably, the client indicated that Dyra deceived the client and may have misappropriated the client’s funds. Allegedly, Dyra told the client to make checks payable to him for an annuity purchase. After the client reportedly provided Dyra with two checks, Dyra did not make that purchase. As a result, on December 6, 2019, Bankers Life Securities resolved this issue through compensating the client $54,078.41. Notably, Bankers Life disaffiliated with Dyra because of this complaint.

FINRA Bars Jefferey Dyra For Stonewalling Misappropriation Investigation

Evidently, on October 29, 2019, FINRA barred Jefferey Dyra. Supposedly, the financial industry watchdog issued Acceptance, Waiver and Consent #: 2019063228001 which contains findings of Dyra violating Rules 8210 and 2010. It appears that the broker did not comply with FINRA’s request for his files and information. This prevented FINRA from determining if he misappropriated client funds and violated securities laws. Because of this, FINRA barred him from being a broker with a FINRA member firm.

Losses From Bankers Life’s Jefferey Dyra?

Have you experienced losses by investing with Jefferey Dyra? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers like Dyra and brokerage firms.