Jeffrey Noard – Financial Advisor Jeffrey Noard Previously Suspended from Securities Industry

Jeffrey Noard, Financial Advisor Jeffrey Noard Previously Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Jeffrey Noard CRD #1983392

Jeffrey Noard is a currently licensed financial advisor with Cabot Lodge Securities, LLC. According to Jeffrey Noard’s CRD, Jeffrey Noard was suspended from the securities industry for 10 days in July 2017.

According to FINRA:

Jeffrey Noard was named a respondent in a FINRA complaint alleging that he made an unsuitable recommendation for investments in a renewable secured debenture totaling $20,000 to one of his elderly customers at his member firm. The complaint alleges that Jeffrey Noard recommended investment committed 50% of the customer’s liquid net worth to the debenture. The GWG are illiquid, speculative investments that involve a high degree of risk-including the risk of losing the entire investment. Jeffrey Noard did not have reasonable grounds for believing that the proposed investment in the debentures was suitable for his customer based upon the financial situation, objective, and needs of the customer.

Allied Beacon (where Jeffrey Noard worked at the time) was one of the broker-dealers selling the large amounts of GWG securities. Thus, FINRA initiated a review of Allied Beacon’s marketing and sales of GWG securities. In connection with this review, FINRA staff discovered that Jeffrey Noard had sold two GWG Renewable Secured Debentures (“GWG Debentures”) to JD. Upon further analysis, FINRA staff determined that the GWG Debentures were not suitable for JD. Thus, Enforcement began this disciplinary proceeding against Jeffrey Noard.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with Jeffrey Noard 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 Jeffrey Noard’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 Jeffrey Noard 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.

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