Narongdej Jaroensabphayanont, formerly with Voya Financial Advisors, Suspended by FINRA
Have you lost money with financial advisor Narongdej Jaroensabphayanont of Voya Financial? We are looking into allegations made about Narongdej or “Jay” Jaroensabphayanont from Bellevue, Washington. FINRA (the Financial Industry Regulatory Authority) suspended Narongdej Jaroensabphayanont from the securities industry. FINRA alleged that Narongdej Jaroensabphayanont failed to respond to its investigation. Jay Jaroensabphayanont was being investigated for allegations that he sold investments in “structured debt” and “structure index-link” that were not approved by his former brokerage firm, Voya Financial Advisors.
Narongdej Jaroensabphayanont was a financial advisor and registered representative of Voya Financial Advisors from 2008 to November 2019. He worked in a branch office in Bellevue, Washington. Jay was also affiliated with NMJ Group. He was also believed to have been terminated by Voya Financial Advisors.
Brokerage firms like Voya Financial Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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 Seattle, Washington; Denver, Colorado; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Washington. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Voya Financial Advisors.