Jeffrey Coleman Allegedly Engaged in Excessive Trading

Jeffrey Coleman (CRD #: 2516592), a broker registered with Cambridge Investment Research, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on May 2, 2023. Investors may have also engaged his services through Cambridge Investment Research Advisors. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On February 14, 2023, an investor alleged that Jeffrey Coleman engaged in excessive trading in their accounts and expressed concerns regarding a variable annuity purchased in 2014. The client sought $50,000 in damages but the dispute was denied by the firm.

However, investors should know that firms don’t need to permit an outside review before denying a dispute. Investors may be able to recover their funds by seeking out FINRA arbitration following a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. Brokers must take into account the information described in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

What are Variable Annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Tax Liens

In 2018 and 2019, Jeffrey Coleman was subject to two tax liens totaling $63,447.15.

Background Information

Jeffrey Coleman has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination

Jeffrey Coleman is a registered broker in Kansas and Missouri. He is also a registered investment adviser in California and Missouri.

He has also worked for the following firms:

• Financial Telesis (CRD#:31012)
• Waddell & Reed (CRD#:866)
• U.S. Bancorp Investments (CRD#:17868)
• Citicorp Investment Services (CRD#:23988)
• Liberty Group (CRD#:106036)
• Hartford Equity Sales Company (CRD#:6604)     
• Fortis Investors (CRD#:421)
• Washington Square Securities (CRD#:2882)

Kurta Law Can Help

If you worked with Jeffrey Coleman 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 and 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.