Broker Investigation: Juergen Weber

Broker Investigation: Juergen WeberJuergen Weber (CRD#: 2617323) is a previously registered broker and investment advisor. From 2011 to 2018, Mr. Weber was employed at Benjamin & Jerold Brokerage I, LLC in New York, New York. He has also worked at Avalon Partners and A.G. Edwards & Sons.

On September 5th, 2018, FINRA barred Juergen Weber from the securities industry after he declined to provide on-the-record testimony related to an investigation into allegations that he made unsuitable investment recommendations and unauthorized transactions.

Barred Broker: Juergen Weber of Benjamin & Jerold Brokerage I, LLC

On July 25th, 2018, Juergen Weber was discharged from his position at Benjamin & Jerold Brokerage I, LLC after allegations arose that he made unsuitable investment recommendations and executed unauthorized trades within a client’s brokerage account. Soon after this termination was reported, FINRA launched its own investigation into the alleged broker misconduct.

Mr. Weber informed FINRA that he received the agency’s request for on-the-record testimony in August of 2018, but that he will be retiring from the industry and that he will not be complying with the request. This is a violation of FINRA regulations (Rule 8210), which compels all registered brokers and associated persons to cooperate with regulatory investigations. Without admitting or denying wrongdoing, Mr, Weber consented to the expulsion from the industry.

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