Goodman & Nekvasil P.A., May Recover Investor Losses – Jeffry Benjamin Vargas (Jeffrey Vargas) Suspended from Securities Industry and Fired by Wells Fargo Advisors, LLC
From 2010 until Jeffrey Vargas’ firing in 2015, Jeffrey Vargas was licensed with Wells Fargo Advisors, LLC. Jeffrey Vargas was subsequently licensed with Mutual Securities, Inc. and Western International Securities, Inc. Jeffrey Vargas is now licensed with Stonecrest Capital Markets, Inc. According to FINRA’s records, Jeffrey Vargas was fired by Wells Fargo Advisors, LLC on December 2, 2015. Wells Fargo Advisors, LLC reported to FINRA that Wells Fargo Advisors, LLC conducted an internal review based on information that Jeffrey Vargas made an inaccurate statement on Wells Fargo Advisors, LLC internal systems indicating that Jeffrey Vargas had verbally confirmed a customer’s instruction with the customer when Jeffrey Vargas did not do so.
Subsequent to Jeffrey Vargas’ firing by Wells Fargo Advisors, LLC, FINRA investigated Jeffrey Vargas and brought a disciplinary action against Jeffrey Vargas. Jeffrey Vargas consented to a $5,000 fine and a 30 day suspension from the securities and investment banking industry. Jeffrey Vargas also consented to findings that Jeffrey Vargas accepted third party orders, without prior written authorization, in a customer account. The findings stated that Jeffrey Vargas inaccurately stated in Jeffrey Vargas’ member firm’s systems that Jeffrey Vargas spoke with client over the phone and verified the client’s identity, when Jeffrey Vargas had not done so.
If you lost any money on investments with Jeffrey Vargas, you may be able to recover your losses from Wells Fargo Advisors, LLC, Mutual Securities, Inc., Stonecrest Capital Markets, Inc. and/or Western International Securities, Inc. This is because Wells Fargo Advisors, LLC, Mutual Securities, Inc., Stonecrest Capital Markets, Inc. and Western International Securities, Inc. had a duty to supervise Jeffrey Vargas.
If you lost money on investments with Jeffrey Vargas 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 against Wells Fargo Advisors, LLC, Mutual Securities, Inc., Stonecrest Capital Markets, Inc. and/or Western International Securities, Inc. concerning Jeffrey Vargas’ 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 $300 million on behalf of victimized investors. If you lost money on investments with Jeffrey Vargas 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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