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DID JAY R. WEISER CAUSE YOU INVESTMENT LOSSES?

Jay Weiser Formerly With DesPain Financial Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Jay Weiser formerly with DesPain Financial?

Jay Weiser (CRD #1511042) who was formerly registered with DesPain Financial and located in Collinsville, Illinois is a subject of one of our many securities industry sales practice abuse investigations.

Jay Weiser was also the subject of a FINRA investigation into his conduct regarding the sale of promissory notes and interest, and to determine whether Jay Weiser engaged in unapproved private securities transactions.  Apparently, Jay Weiser refused to cooperate in the investigation and produce documents and refused to give on-the-record testimony related to the investigation.  Consequently, he was barred from any further association with any member firm in any capacity.

Jay Weiser Customer Complaints

Jay Weiser has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of Jay Weiser’s 3 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against DesPain Financial for investment losses caused by Jay Weiser’s alleged misconduct.

Allegations Against Jay Weiser

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claim that Jay Weiser allegedly mismanaged retirement assets.
  • Customer alleged that Jay Weiser allegedly mismanaged retirement assets.

Jay Weiser Red Flags & Your Rights As An Investor

Of course, Jay Weiser did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jay Weiser at DesPain Financial on alert to review carefully the activity and performance of their accounts and question whether Jay Weiser has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at DesPain Financial also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At DesPain Financial Due To Jay Weiser

If you have questions about DesPain Financial and/or Jay Weiser and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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