Jay Weiser Under Investigation Re: Purported Sale of Promissory Notes to Determine if Allegedly Engaged in Unapproved Private Securities Transactions

Jay Weiser purportedly fell under the scope of a FINRA investigation into his conduct regarding the alleged sale of Promissory Notes and interests, to determine whether Weiser allegedly engaged in unapproved private securities transactions, according to a Final Regulatory Action disclosed on Weiser’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

Said Regulatory Action was filed on January 17, 2019 on Weiser’s FINRA BrokerCheck Report.

Securities attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Jay Weiser’s alleged private securities transactions. Investors who believe they may have lost money in activity related to Jay Weiser’s alleged private securities transactions are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Jay Weiser Barred Indefinitely by FINRA

Jay Weiser, without admitting or denying the findings, allegedly consented to the sanction and to the entry of findings that he failed to cooperate with FINRA’s requests for documents and for on-the-record testimony related to its investigation into his conduct regarding the alleged sale of Promissory Notes and interests, FINRA notes.

Weiser has been barred since January 17, 2019, FINRA states.

Jay Weiser also allegedly mismanaged retirement assets, and damages of $50,000 have been requested, according to a Pending Regulatory Action disclosed on Weiser’s FINRA BrokerCheck Report.

Said Pending Dispute was filed on January 17, 2019 on Weiser’s FINRA BrokerCheck Report.

Jay Weiser was registered with the following firms:

  • Despain Financial Corporation in Collinsvile, IL— June 21, 2000 until June 22, 2018
  • American Express Financial Advisors, Inc. in Minneapolis, MN— February 14, 2000 until June 29, 2000
  • IDS Life Insurance Company in Minneapolis, MN— February 14, 2000 until June 29, 2000
  • Price Securities Corp. in Newark, NJ— June 13, 1986 until September 1, 1999

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 mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related misconduct and are currently investigating Jay Weiser’s alleged private securities transactions. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Jay Weiser’s alleged private securities transactions may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.