Jaime Westenbarger, formerly with Securities America, Barred from Securities Industry
Have you lost money with financial advisor Jaime Westenbarger from Grand Rapids, Michigan? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Jaime M. Westenbarger. FINRA barred Westenbarger from the securities industry after he failed to respond to an investigation. Westenbarger was being investigated after he was fired by Securities America for allegations of “borrowing” money from clients.
Jaime Westenbarger was a registered representative and financial advisor with Securities America from May 2016 to August 2019. He was also affiliated with First Allied Securities from March 2014 to May 2016. He worked out of a branch office in Grand Rapids, Michigan.
Broker-dealers like Securities America have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan. Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area. We have also represented a number of victims who had their money stolen by Michigan brokers, including Christopher Tolmacs. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Securities America.
Click to view: Westenbarger, Jaime FINRA AWC
Click to view: Westenbarger, Jaime BrokerCheck 10.9.19
If you have lost money with Jaime Westenbarger and Securities America, and want to hear about ALL legal options, CONTACT ISRAELS & NEUMAN at 720-599-3505.