NARONGDEJ JAROENSABPHAYANONT Barred by FINRA

Soreide Law Group is currently investigating claims regarding, NARONGDEJ JAROENSABPHAYANONT (JAY JAROENSABPHAYANONT), a broker previously listed with VOYA FINANCIAL ADVISORS INC  of  Bellevue, Washington. NARONGDEJ JAROENSABPHAYANONT was with Voya from 05/29/2008 until 11/13/2019.

On February 8, 2023. Jaroensabphayanot was barred by FINRA following the allegations, “Respondent Jaroensabphayanont failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.” According to FINRA, the bar is in effect “until required payment is made or discharged.”  There is another FINRA "Regulatory" on NARONGDEJ JAROENSABPHAYANONT’s CRD report dated September 1, 2020, which also barred him indefinitely with a start date of 12/4/2020, following the allegations of, “Respondent Jaroensabphayanont failed to respond to FINRA request for information.”

The third “Regulatory” on NARONGDEJ JAROENSABPHAYANONT’s CRD report, dated September 28, 2021, is from the State of Washington Dept. of Fin. Inst. with the allegations of, “The Securities Division entered a Final Order to Cease and Desist, to Deny Future Registrations, to impose a Fine, and to Charge Costs (Final Order) against Narongdej Jaroensabphayanont dba NMJ Group (Jaroensabphayanont). From May 2008 to November 2019, Jaroensabphayanont was registered as a securities salesperson with Voya Financial Advisors, Inc.. The Final Order concludes that Jaroensabphayanont violated the registration and anti-fraud provisions of the Securities Act of Washington through the sale of at least $200,000 of promissory notes to six Washington investors. The Final Order further concludes that Jaroensabphayanont engaged in dishonest and unethical practices in the securities business at the time he was registered as a securities salesperson in Washington State when he deceived investors, sold away, and borrowed funds from a customer. Jaroensabphayanont has a right to request judicial review of the Final Order.” He was fined $60,000.00 with and additional $5,000.00.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, NARONGDEJ JAROENSABPHAYANONT, was in the securities industry for 11 years and was listed with 2 firms.  He has 5 disclosures on his FINRA CRD. In addition to the three “Regulatory” disclosures, there are 2 “Customer Disputes.” Both disputes have settled.  Some of the allegations from the disputes were in part: violation of the Securities Act of Washington; violation of the Washington Unfair Business Practices - Consumer Protection Act; breach of fiduciary duty; unsuitable investment recommendations; negligence, and representative sold multiple "structured investment products" between November 2015 and September 2019.

Soreide Law Group reminds you that there is a 6 year window to file your claim against whatever brokerage firm NARONGDEJ JAROENSABPHAYANONT may have worked for at the time.

If you have experienced financial losses due to the actions or recommendations of NARONGDEJ JAROENSABPHAYANONT, formerly with VOYA FINANCIAL ADVISORS INC  of  Bellevue, Washington, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.

Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.