Silver Law Group is investigating New York-based broker Jeffrey L. Offen (CRD# 2893980) after FINRA suspended him.
According to Offen’s FINRA BrokerCheck report, FINRA suspended Offen for 60 days and fined him $5,000 in December 2016. Offen consented to the sanctions and entry of findings that he failed to timely update his Form U4 to disclose reportable information.
Offen has 16 disclosures on his BrokerCheck report, but most of them are civil and tax judgment/liens. Two (2) FINRA arbitration complaints were settled against him, though.
The first settlement was in August 2000. The customer alleged unauthorized trading. The complaint was settled for $28,500. The second FINRA arbitration complaint, filed in June 2009, alleged excessive and unsuitable trading. That FINRA arbitration settled for $60,000.
The most notable aspect of Offen’s FINRA BrokerCheck report is the amount of firms that have employed him. For all 17 years of experience Offen has in the securities industry, he has been employed by an equal number of firms. Seven (7) of the firms that employed Offen were expelled by FINRA.
In the last five (5) years, Salomon Whitney Financial (CRD# 145012) in Farmingdale, New York; Network 1 Financial Securities Inc. (CRD# 13577) in Syosset, New York; and Laidlaw & Company (UK) Ltd. (CRD# 119037) in Melville, New York have employed Offen. Offen is currently employed by Craft Capital Mangement LLC (CRD# 171350) in the Garden City, New York branch.
FINRA arbitration is a fast, efficient way to recover your lost investment funds. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with Jeffrey L. Offen and any of the listed firms and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.