Meyer Wilson Files FINRA Arbitration Against Raymond James Relating To Broker Jeffrey Ingros
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.