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The law firm of Oakes & Fosher is presently investigating the possible misconduct of former securities broker Juergen Weber. According to his publicly available FINRA BrokerCheck report, Juergen Weber has been the subject of multiple disputes that include a customer complaint, FINRA sanction, and employment termination.

Juergen Weber is a New York based securities broker. He has worked in the securities industry for twenty-one years. During his career, he has been registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Prudential Securities Incorporated (1995-2003)
  • Wachovia Securities (2003-2005)
  • A.G. Edwards & Sons (2005-2007)
  • Avalon Partners (2008-2011)
  • Benjamin & Jerold Brokerage (2011-2018)

The Allegations

  • In September 2005, Juergen Weber was discharged from his position at Wachovia Securities following allegations of unauthorized trading.
  • In December 2006, a customer alleged that Juergen Weber engaged in unauthorized and excessive trading. This case was settled for $120,000.
  • In September 2018, Juergen Weber was sanctioned by FINRA for allegedly failing to cooperate with an investigation. This particular investigation was about alleged unsuitable recommendations and unauthorized trades executed by Juergen Weber in a customer’s account. Weber allegedly failed to provide on-the-record testimony for FINRA regarding the matter. Due to these allegations, he was barred by FINRA from acting as a securities broker in any fashion.

Unauthorized Trading

Securities brokers have an obligation to their customers to always act in their best financial interests. Part of this means obtaining their customers’ authorization before executing trades on their behalf. This is because investors are entitled to the opportunity to decide for themselves if they want to be invested in a particular security. Some less than scrupulous securities brokers often ignore this protocol and will execute trades on their customer’s behalf without obtaining their authorization. This can often lead to losses in the customer’s account.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages. Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Juergen Weber, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.