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Jay Spieler Named in Fraud Allegations

Jay Spieler (CRD #: 1072642), a broker registered with Oppenheimer & Company, is involved in an investor dispute, according to his BrokerCheck record, accessed on May 2, 2025. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On March 14, 2025, an investor named Jay Spieler in allegations of fraud and negligence, and the liquidation of an investment that resulted in losses. The client alleges that Jay Spieler engaged in misconduct in November and December 2022.

They seek $300,000 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.

What is broker negligence?

Many types of broker misconduct may qualify as negligence. Common examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and unauthorized trading.

Investors who believe their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Jay Spieler 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 Spieler is a registered broker in 21 states and a registered investment adviser in Florida.

He has also worked for the following firms:

  • CIBC World Markets (CRD#:630)
  • Schild Asset Management (CRD#:29927)
  • Smith Barney (CRD#:7059)
  • Drexel Burnham Lambert (CRD#:7323)
  • Bear, Stearns & Company (CRD#:79)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Jay Spieler 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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