Victim of Financial Fraud? Call Now
Home » Broker Blog » Jeffrey Molinari Facing a Municipal Bond Investor Dispute

Jeffrey Molinari Facing a Municipal Bond Investor Dispute

Aug 14, 2023 Unsuitable Investments

Jeffrey Molinari (CRD #: 726539), a broker registered with Stern Brothers & Co., is the subject of an investor dispute. This disclosure appears in his BrokerCheck record, accessed on August 11, 2023. Keep reading if you have questions. 

On June 30, 2023, an investor complained about the size of municipal bond positions Jeffrey Molinari allegedly recommended in 2017 and 2019. He questioned the performance and value of such bonds. 

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

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Bonds that are over-concentrated in an investor’s portfolio may violate FINRA Rule 2111. Over-concentrated securities are riskier than a diversified portfolio. 

Background Information 

Jeffrey Molinari has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 52TO Municipal Securities Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 53 Municipal Securities Principal Examination 

He is a registered broker in nine states. 

Jeffrey Molinari has registered with the following firms: 

  • Stern Brothers (CRD #: 16325) 
  • Herbert J. Sims (CRD #: 3420) 
  • Wedbush Securities (CRD #: 877) 
  • Sterne, Agee & Leach (CRD #: 791) 
  • First Albany Capital (CRD #: 298) 
  • A.F. Best Securities (CRD #: 14335) 
  • Oppenheimer & Co. (CRD #: 630)
  • Thomson McKinnon Securities (CRD #: 829) 
  • Dean Witter Reynolds (CRD #: 7556)
  • Geo. B. Gibbons (CRD #: 6956) 
  • Matthews & Wright (CRD #: 7025) 

Kurta Law Can Help

If you worked with Jeffrey Molinari 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.

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories