FINRA Sanctions Jeffrey Weiner

Soreide Law Group is investigating possible investor claims against securities broker Jeffrey Weiner AKA Jeffrey Paul Weiner [CRD#: 2476604, New York, NY]. Notably, FINRA sanctioned the securities broker, who worked for Pruco Securities. Allegedly, Weiner impersonated clients. Here is a brief summary FINRA’s allegations against Weiner.

FINRA Sanctions Pruco Securities Broker Jeffrey Weiner

Evidently, on March 31, 2022, FINRA issued Case #: 2021070405001 sanctioning Jeffrey Weiner for infractions. Specifically, FINRA imposed a one-month suspension and a $5,000 fine. Notably, FINRA alleged that Weiner impersonated clients.

Supposedly, between April and November 2020, while he was associated with Pruco Securities LLC, Weiner impersonated nine firm clients during 19 phone calls to acquire information about the client’s current variable life insurance policies. Specifically, Weiner pretended to be the clients to facilitate the transfer of their life insurance policies from Weiner’s past firm to Pruco Securities. In the end, 4 of the clients became clients of Pruco. While all nine of the clients did give Weiner permission to acquire their information, none of them authorized Weiner to impersonate them. As a result, Weiner violated FINRA Rule 2010.

Pruco Securities Disaffiliates With Securities Broker

Also, Jeffrey Weiner worked for Pruco Securities. However, Pruco Securities disaffiliated with Weiner. Evidently, Pruco Securities alleged that Weiner impersonated clients.

Jeffrey Weiner Discloses Misrepresentation Allegations By MML Investors Services Client

Moreover, a client of MML Investors Services contested Jeffrey Weiner’s sales practices, according to a complaint. Allegedly, Weiner made misrepresentations. Supposedly, the insurance products which Weiner sold or recommended had caused the client to sustain damages. Therefore, MML Investors Services opted to settle the matter on August 26, 2021 by compensating the client in the amount of $79,585.03.

Weiner Discloses Misrepresentation Allegations By MSI Financial Services Client

Also, a client of MSI Financial Services contested Jeffrey Weiner’s sales practices, according to a complaint dated August 27, 2020. Allegedly, Weiner made misrepresentations. Supposedly, the insurance products which Weiner sold or recommended had caused the client to sustain damages. Therefore, the client seeks compensatory relief from MSI Financial Services or Weiner in this ongoing matter.

MSI Financial Services Investor Accuses Jeffrey Weiner Of Misrepresentation

Evidently, on August 13, 2020, an MSI Financial Services client filed a complaint about Jeffrey Weiner. Namely, the client alleged that Weiner made misrepresentations. Because of this, the client sustained damages on insurance products. Therefore, the client requested compensation from MSI Financial Services or Weiner. Evidently, this complaint is pending a resolution.

Weiner Discloses Misrepresentation Allegations By MSI Financial Services Client

Also, a client of MSI Financial Services contested Jeffrey Weiner’s sales practices, according to a complaint dated May 23, 2020. Allegedly, Weiner made misrepresentations. Supposedly, the insurance products which Weiner sold or recommended had caused the client to sustain damages. Therefore, the client seeks compensatory relief from MSI Financial Services or Weiner in the amount of $5,000 in this ongoing matter.

MSI Financial Services Investor Accuses Jeffrey Weiner Of Sales Practice Violations

Additionally, on January 29, 2020, an MSI Financial Services client filed a complaint about Jeffrey Weiner. Notably, the client alleged that Weiner committed sales practice violations. Because of this, the client sustained damages on insurance products. Therefore, the client requested compensation from MSI Financial Services or Weiner. Evidently, this complaint is pending a resolution.

Recent Employer Information

Jeffrey Weiner worked for Pruco Securities in New York, NY, as a securities broker from March 17, 2020 to February 19, 2021. 

Did Pruco Securities Broker Weiner Cause You To Experience Damages?

Have you experienced damages by investing with Jeffrey Weiner? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Weiner and brokerage firms Weiner was employed by deny any and all allegations of sales practice violations.