Meyer Wilson Files FINRA Arbitration Against Raymond James On Behalf Of
The Estate Of Former Resident Of Beaver, PA, Relating To Broker Jeffrey Ingros
Jeffrey Ingros was permanently barred by the Financial Industry Regulatory
Authority (FINRA) as of March 11, 2016.
Following a year-long investigation, Meyer Wilson filed an FINRA arbitration
on behalf of the estate of a long-time resident of Beaver, PA, relating
to the alleged misconduct of former
Raymond James Financial broker Jeffrey Ingros (CRD# 2091822). Ingros was fired by Merrill
Lynch in October 2013 for, according to public records, failure to contact
clients in advance of entering orders in non-discretionary accounts, mismarking
customer order tickets, advising clients on assets held outside the firm
and recommending securities not covered by firm research.
Ingros then went to work for Raymond James and as of February 19, 2016,
he was “permitted to resign” from that firm after accepting
loans from customers without approval from the firm. As of March 11, 2016,
Ingros was permanently barred by FINRA for failing to appear for on-the-record
testimony in relation to allegations that he participated in outside business
activity without informing his managing firm.
FINRA’s BrokerCheck report of Ingros also reveals allegations of
trading without his clients’ permission. Over the course of Ingros’
25-year career as a stockbroker, FINRA lists 12 disclosure events.
It is against securities industry regulations to participate in activity
known as “selling away” – selling investments that are not approved by the brokerage
firm. It is also against securities industry regulations to make trades
and other investment decisions without the client’s prior written
consent – also known as “unauthorized trading.”
When a broker engages in fraud or misconduct, the brokerage firm that is
responsible for supervising that broker may be held liable for the defrauded
investor’s losses. If Jeffrey Ingros was your broker and you lost
money, we may be able to help. Contact the investment fraud lawyers at
Meyer Wilson today for a free review of your legal rights and options.