Jeffrey Donald Noard, a currently registered broker and investment adviser, is subject to several customer dispute disclosures alleging misrepresentation and high-risk and unsuitable recommendations, among others, according to his Brokercheck Report.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the circumstances surrounding Noard’s customer dispute disclosures and past regulatory action. Investors who are concerned about their investments with Jeffrey Noard may contact Alan Rosca for a free case evaluation or to provide any helpful information by calling 888-998-0530 toll free, emailing arosca@rscounsel.law, or through the contact form found on our website.
Noard’s Brokercheck Report Reveals Customer Dispute Disclosures
Dated May 2023, a customer dispute disclosure disclosed on Jeffrey Noard’s Brokercheck is alleging $50,000 in damages in connection with purchase of GWG L Bonds in 2016. The customer reportedly alleged breach of fiduciary duty, breach of contract, and failure to supervise, among others.
Another customer dispute disclosure was reportedly made in February of 2023 (Case #: 23-00394). The claimants alleged negligence, misrepresentation, and that the registered representative failed to act in their best interest. $100,000 was requested in alleged damages.
Broker Jeffrey Noard was allegedly subject to a customer dispute disclosure dated January 2023 (Case #: 22-01801). The customer alleged failure to supervise, unsuitable recommendations, and material misrepresentation in connection with investments in GWG L-Bonds and reportedly requested a damage amount of $18,500.
Another customer dispute was reportedly received in July of 2022 (Case #: 22-00328), which alleged that the registered representative sold more than $1.1 million in high-risk and unsuitable investments to the claimants. $100,000 was requested in alleged damages and the dispute reportedly settled for $200,000.
Noard Was Subject to FINRA Regulatory Action
In November of 2014, Noard was subject to a FINRA complaint alleging he made unsuitable investment recommendations to one of his elderly clients. According to FINRA’s investigation, Noard allegedly recommended to his elderly client to invest $20,000 in GWG Renewable Secured Debentures, considered illiquid and risky, according to FINRA’s complaint. As a result, FINRA sought to bring sanctions against Jeffrey Noard and a few months later a FINRA Office of Hearing Officers issued a decision imposing a $2,500 fine and a ten day suspension, a sanction that was later held and affirmed by a FINRA National Adjudicatory Council.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any Brokercheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog and are the governing materials in case of any inconsistencies or typos in this blog. Readers should note that sometimes brokers may be able to expunge past customer complaints from their Brokercheck record, such that complaints referenced as of the date of this blog may not necessarily be reflected in future versions of the Brokercheck record. While the customer complaints mentioned in the Brokercheck report allege misconduct by Jeffrey D. Noard, the Brokercheck report does not appear to indicate whether he was a named party to those customer complaints, or the customers took action solely against the broker-dealer firm(s) that employed him at the time of the alleged conduct. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Concerned about investments with
Noard Has Been a Registered Broker Since 1989
According to his Brokercheck, Jeffrey Noard has been registered as a broker and investment adviser with Emerson Equity LLC, located in Menomonee Falls, Wisconsin, since 2020.
From 2013 to 2020, Noard reportedly served as a broker with Cabot Lodge Securities, LLC, in its Menomonee Falls, Wisconsin, office. Additionally, Noard allegedly was an investment adviser for CL Wealth Management LLC, also based in Menomonee Falls, Wisconsin, from 2011 to 2013.
From 2011 to 2013, Noard reportedly was employed as a broker with Allied Beacon Partners, Inc., in Milwaukee, Wisconsin. FINRA expelled the firm in December of 2013. Noard allegedly was an investment adviser with American Beacon Wealth Management, Inc., based in Eau Claire, Wisconsin, from 2010 to 2011.
Potential Compensation Claims for Concerned Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding currently registered broker and investment adviser Jeffrey Noard’s customer dispute disclosures alleging misrepresentation and unsuitable recommendations, among others.
Rosca Scarlato LLC law firm typically represents clients on a contingency fee basis. This means that it advances the case costs and expenses, and fees are only paid from any compensation retrieved for clients. Attorney Alan Rosca, an investment lawyer and former adjunct professor of securities regulation, has over 14 years of experience representing investors who have experienced investment loss due to broker misconduct.
Investors who are concerned about their investments with Jeffrey Noard may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or through the contact form provided on our website.
