Jeffrey Waldera – Jeffrey John Waldera, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Jeffrey Waldera, Jeffrey John Waldera CRD# 3259898
Jeffrey Waldeara was a previously licensed financial advisor/broker with Robert W. Baird & Co. Incorporated in Wisconsin. FINRA reports that Jeffrey Waldera was suspended from the securities industry for five months in 2017.
According to FINRA: Jeffrey Waldera consented to the sanctions and to the entry of findings that he borrowed a total of $52,500 from his member firm’s customers without providing prior notice to, and receiving written approval from, the firm. The findings stated that the firm’s written supervisory procedures (WSPs) and policies prohibited registered representatives from borrowing money from, or lending money to, firm customers without first notifying, and receiving approval from the firm. The firm’s WSPs also required the borrowing or lending arrangement to satisfy one of the permissible conditions set forth in FINRA Rule 3240, none of which apply here. Jeffrey Waldera was a general securities representative assigned to each of the firm’s customers’ accounts at the time he borrowed the funds. Jeffrey Waldera did not disclose his receipt of these loans to the firm until questioned by the firm. The firm reimbursed the customers the amounts outstanding under their respective loans to Jeffrey Waldera. The findings also stated that Jeffrey Waldera made multiple misstatements to the firm. Jeffrey Waldera completed annual compliance questionnaires in which he affirmed that he had not engaged in outside borrowing or lending of money, even though he had borrowed money from the firm’s customers. In addition, during an interview with Jeffrey Waldera’s firm’s supervisor, and in at least two additional meetings occurring thereafter, he denied borrowing money from any firm customer other than one of the respective customers, when in fact he had also borrowed money from the other relevant customers.
If you lost any money on investments with Jeffrey Waldera, you may be able to recover your losses. If you lost money on investments with Jeffrey Waldera and believe that 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 Waldera’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Jeffrey Waldera 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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