FINRA Suspends Jeffrey Offen

Jeffrey Lance Offen (CRD #2893980) is a former registered broker whose last employer was Craft Capital Management LLC (CRD #171350) of Garden City, NY. His previous employers include Salomon Whitney Financial (CRD #145012) of Farmingdale, NY, Network 1 Financial Securities Inc. (CRD #13577) of Syosett, NY, and Laidlaw & Company (UK) LTD. (CRD #119037) of Melville, NY.

Seven of Offen’s previous employers have been expelled from FINRA:

• Obsidian Financial Group, LLC (CRD#:104255), Woodbury, NY, expelled on 10/16/2013
• New Castle Financial Services LLC (CRD#:102380), Melville, NY, expelled on 6/08/2015
• Empire Financial Group, Inc. (CRD#:28759), Uniondale, NY, expelled on 3/30/2009
• GIT Securities Corporation (CRD#:103735), Plainview, NY, expelled on 3/25/2003
• Harrison Securities, Inc. (CRD#:14103), Port Washington, NY, expelled on 12/6/2004
• Tasin & Company, Inc. (CRD#:30709), Hauppage, NY, expelled on 9/05/2001
• VTR Capital, Inc. (CRD#:21404), New York, NY, expelled on 12/20/2001

He has been in the industry since 1997.

Offen has a total of 17 disclosures, two of which are FINRA regulatory actions. The most recent, filed on 6/8/2018, was a suspension in all capacities after he failed to respond to FINRA requests for information. He was suspended in all capacities from 7/4/2018 through 9/14/2018. His suspension was lifted on 9/14/2018.

His second FINRA action was filed on 12/1/2016, in regards to his failing to keep his Form U4 updated in a timely fashion. He was fined $5,000 and subjected to a 60-day suspension in all capacities, from 1/3/2017 through 3/3/2017.

At issue in this action is a felony criminal charge filed on August 10, 2015. Offen was charged with “creating hazardous conditions,” and petit larceny. Both charges were reduced to misdemeanors, he pled guilty on both charges, and paid a fine of $200 and restitution of $150. FINRA requires such charges to be reported within 30 days, which would have been no later than September 20, 2015. Since Offen did not disclose the charge on his Form U4 until December 14, 2015, he was in violation of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010.

Among Offen’s other disclosures are also 12 financial judgments. Three are tax-related, and total $62,356. The remaining nine are civil judgments, and total $73,982.80.

Two customer disputes, one in 2000 and one in 2009, have been settled.

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