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Investor Seeks $9.1 Million in Dispute with Jay Hershey

Jay Hershey (CRD #: 2576608), a broker registered with Piper Sandler & Company, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on September 1, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On June 18, 2025, an investor named Jay Hershey in a dispute alleging that certain shares that were not fully vested were sold in June 2023, and that the price of the stock later increased. The client seeks $9.1 million in damages in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Jay Hershey has passed the following exams:

  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Uniform Investment Adviser Law Examination – Series 65
  • Uniform Securities Agent State Law Examination – Series 63

Jay Hershey is a registered broker in all 50 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in Minnesota.

He has also worked for Piper Jaffray Investment Management (CRD#:145876).

Kurta Law Can Help

If you worked with Jay Hershey and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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