Stoltmann Law Offices is investigating Edward Jeffrey, a broker with Aegis Capital in Portland, Oregon. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Jeffrey engaged in churning and unauthorized and excessive trading. This tactic is used by brokers to garner maximum commissions, and is against securities rules and regulations. Allegedly, from July 2004 until November 2007, Jeffrey effected 682 discretionary transactions in customer accounts without written authorization. He was fined $10,000 and suspended from the industry for 30 days.
If you invested money with Edward Jeffrey, please call our securities law firm in Chicago, Illinois at 312-332-4200 to speak to an attorney about your options. You may be able to bring a claim against his firm, Aegis Capital. They may be held liable for investment losses because they have a duty to reasonably supervise him. The call is free with no obligation. We take cases on a contingency fee basis only.
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