Jaime Michael Westenbarger (Jaime Westenbarger) – Financial Advisor/Broker Jaime Westenbarger Barred from Securities Industry

Jaime Michael Westenbarger (Jaime Westenbarger) – Financial Advisor/Broker Jaime Westenbarger Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Jaime Michael Westenbarger (Jaime Westenbarger) CRD #4625703

Jaime Westenbarger was a formerly licensed financial advisor with Securities America, Inc. According to Jaime Westenbarger’s BrokerCheck report, Jaime Westenbarger was barred from the securities industry in October 2019. 

According to FINRA:

 Jaime Westenbarger consented to the sanction and to the entry of findings that Jaime Westenbarger failed to provide documents requested by FINRA during the course of an investigation after it learned of the conduct disclosed in a Form U5 submitted by Jaime Westenbarger’s member firm. The findings stated that Jaime Westenbarger intentionally provided a partial response but did not substantially comply with all aspects of FINRA’s request. The form U5 submitted by the firm disclosed that his termination was for a violation of firm policies and procedures regarding borrowing funds from clients.

According to Jaime Westenbarger’s BrokerCheck Report:

Two customer disputes alleging sales practice violations against Jaime Westenbarger are currently pending.

Customer Dispute 10/11/19: Claimants allege that in May 2018 Jaime Westenbarger convinced them to purchase a corporate note and instead used the funds for his own purposes; that in June 2018, Jaime Westenbarger convinced them to replace a variable annuity for no apparent reason; and that in July 2019 the representative made an unauthorized purchase of a UIT, which was unsuitable. Allegations include violations of the Michigan Securities Act and FINRA Conduct Rules, breach of contract, breach of fiduciary duty, fraud and conversion. This customer dispute seeks $212,000 in damages.

Customer Dispute 9/19/19: Clients allege the annuity was an unsuitable investment.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost money on investments with Jaime Westenbarger and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning  Jaime Westenbarger’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Jaime Westenbarger and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

Some of the information in this blog post was obtained on 1/23/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

Jaime Westenbarger, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Jaime Westenbarger

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