Jeff Salazar – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Jeff Salazar a/k/a Joffre Salazar is a previously licensed financial advisor with American Portfolios Financial and LPL Financial LLC.
According to FINRA, Jeff Salazar was fined $5,000 and suspended from the securities industry for one year in September 2021.
According to FINRA Allegations:
Salazar consented to the sanctions and to the entry of findings that he forged the signatures and initials of two customers on forms related to their purchases of fixed annuities. The findings stated that Salazar recommended a customer purchase a five-year fixed annuity and forged the customer’s signature on multiple documents for the purchase of a seven-year fixed annuity after the annuity issuer rejected the initial application and requested that he resubmit the documents The customer agreed to purchase a five-year fixed annuity but had not authorized the purchase of a seven-year annuity. The customer ultimately agreed to continue her investment in the seven-year annuity, despite not having authorized its initial purchase. The findings also stated that Salazar forged another customer’s initials on multiple documents for the purchase of a five-year fixed annuity at an interest rate lower than what the customer agreed to. Salazar submitted the documents to the issuer of the annuity, which approved the application. Salazar’s member firm paid restitution to the second customer to compensate her for the difference in interest rates.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Jeff Salazar 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 Jeff Salazar’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 $200 million on behalf of victimized investors. If you lost money on investments with Jeff Salazar 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 8/27/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.