Jeffrey Tabak is the Subject of a FINRA Investigation

Jeffrey Tabak (CRD #: 856416), a broker registered with TJM Investments, is the subject of a FINRA investigation. This is according to his BrokerCheck record, accessed on July 2, 2024. Keep reading if you have questions regarding his alleged conduct. 

FINRA Investigation 

On May 7, 2024, FINRA stated in a description of an investigation that it had made a preliminary determination to recommend disciplinary action against Jeffrey Tabak. FINRA alleged that the Written Supervisory Procedures at his firm did not reasonably describe how the firm would detect and prevent potentially manipulative trading. The WSPs also allegedly did not provide reasonable guidance to personnel responsible for the surveillance of potentially manipulative trading in exchange-listed and traded securities. 

Jeffrey Tabak allegedly failed to reasonably investigate and address potentially manipulative wash trades in an account of his firm’s foreign affiliate. Allegedly, the firm’s exception reports identified thousands of potentially manipulative wash trades by a customer of the foreign affiliate. He allegedly did not reasonably investigate the potentially manipulative trading. 

Failure to Supervise 3110

FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

What is Manipulative Trading? 

Stock market manipulation is any type of dishonest securities transaction meant to artificially inflate the price of a stock. Wash trading involves buying and selling the same security at the same time, to make it seem as though there is more trading activity for a particular security than there actually is. The ownership of the security does not change.  

Background Information 

Jeffrey Tabak has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 99TO Operations Professional Examination 
• Series 79TO Investment Banking Registered Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 14 Compliance Officer Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 24 General Securities Representative Examination 
• Series 4 Registered Options Principal Examination 

He is a registered broker in six states. 

During his 45 years of experience, Jeffrey Tabak has registered with 11 firms. These are the five most recent: 

• TJM Investment (CRD #: 46300) 
• SRT Securities (CRD #: 33725) 
• De Paola Trading (CRD #: 143625) 
• Dinosaur Financial Group (CRD #: 104446) 
• LEK Securities Corporation (CRD #: 33135) 

Kurta Law Can Help 

If you have worked with Jeffrey Tabak and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.