Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker Jeremiah Roman (Roman) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Roman was employed by PFS Investments INC. at the time of the activity. If you have been a victim of Roman’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a final customer complaint on July 18, 2023.
Without admitting or denying the findings, Roman consented to the sanctions and to the entry of findings that he personally invested a total of $44,100 pursuant to eight agreements with a merchant cash advance company without providing prior written notice to, or obtaining written approval from, his member firm for his private securities transactions. The findings stated that Roman’s agreements with the company provided that Roman would receive a monthly payment in a specified amount in return for each investment. In addition, Roman did not make the personal securities investments through his firm. The findings also stated that Roman solicited a firm customer to invest a total of $150,000 pursuant to three agreements with the company, without providing prior written notice to his firm. Roman introduced the customer to the company, provided the customer with marketing materials prepared by the company, and facilitated the exchange of information between the customer and the company. Roman did not disclose his participation in the customer’s investments to his firm, even though he was advised by its compliance hotline to disclose his merchant cash advance company-related activities for review. Furthermore, Roman falsely attested on an annual compliance questionnaire that he had not participated in any private securities transactions that had not been approved by the firm.