Jay Chapler – Jay Martin Chapler, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Jay Chapler CRD # 2575511
Jay Chapler was formerly licensed with Silver Leaf Partners, LLC in Nutley, New Jersey. FINRA reports that Jay Chapler was suspended from the securities industry for four months and fined $22,500 in May 2017.
According to FINRA: Jay Chapler consented to the sanctions and to the entry of findings that Jay Chapler paid or caused to be paid transaction-based compensation earned by his member firm to an unregistered entity. The findings stated that Jay Chapler, through a disclosed outside business, paid $78,145.23 in transaction-based compensation received by the firm from offshore entities to the unregistered entity. Later, Jay Chapler directed an offshore firm customer to pay transaction-based compensation that was due to the firm directly to the unregistered entity. Based on Jay Chapler’s instruction, the customer wired $121,583 in transaction-based compensation directly to the unregistered entity. The findings also stated that Jay Chapler failed to disclose two outside business activities to the firm. Jay Chapler received compensation from both of these businesses and reasonably expected to continue receiving compensation from at least one of these businesses. Jay Chapler also failed to identify either outside business in a firm compliance questionnaire wherein he incorrectly responded “Not Applicable” to questions pertaining to outside business activities. The findings also included that Jay Chapler used a personal email account to conduct firm business in a manner that caused the firm to fail to preserve and maintain all such emails in its books and records.
If you lost money on investments with Jay Chapler 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 Jay Chapler’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 Jay Chapler 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.
Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange