Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 16, 2016 indicate that former Pennsylvania-based Raymond James broker/adviser Jeffrey Ingros has been permanently barred from acting as a broker. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ingros (CRD# 2091822).
Jeffrey Ingros has spent 25 years in the securities industry and was most recently registered with Raymond James Financial Services in Beaver, Pennsylvania (2013-2016). Previous registrations include Merrill Lynch in Beaver, Pennsylvania (2007-2013); Janney Montgomery Scott in Beaver, Pennsylvania (1997-2007); Advest Inc. in Hartford, Connecticut (1992-1997); and MetLife Securities in New York, New York (1991-1992). He is currently not registered with any state or firm.
According to his BrokerCheck report, Jeffrey Ingros has received five customer complaints, one pending customer complaint, and one regulatory sanction.
In March 2016, FINRA sanctioned Jeffrey Ingros after finding he “refused to appear for on-the-record testimony requested by FINRA during its investigation into allegations that he accepted undisclosed loans from customers and engaged in outside business activities.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In February 2016, Jeffrey Ingros was “permitted to resign” from his position at Raymond James Financial Services following allegations he accepted loans from customers without prior written approval.
In October 2015, a customer alleged Jeffrey Ingros, while employed at Merrill Lynch, executed unauthorized trades, misrepresented material facts related to an investment, and borrowed money. The complaint settled for $730,000.
In March 2015, a customer alleged Jeffrey Ingros, while employed at Raymond James, misrepresented material facts related to an investment, made unsuitable investment recommendations, and committed fraud. The customer is seeking unspecified damages in the pending complaint.
In 2014, a customer alleged Jeffrey Ingros, while employed at Merrill Lynch, engaged in unauthorized trading, misrepresented material facts related to an investment, and made an unsuitable investment recommendation. The complaint settled for $51,000.
In 2013, Jeffrey Ingros was discharged from Merrill Lynch following allegations, among others, he advised clients on funds held outside the firm.
In 2009, a customer alleged Jeffrey Ingros, while employed at Janney Montgomery Scott, misrepresented material facts related to an investment. The complaint settled in 2010 for $10,000.
In 2009, a customer alleged Jeffrey Ingros, while employed at Janney Montgomery Scott, recommended an unsuitable investment. The complaint settled for $57,000.
If you or someone you know has complaints regarding Jeffrey Ingros, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.