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Jerome Niles Facing an Unauthorized Trading Dispute

Jerome Niles (CRD #: 3076666), a broker registered with Dominari Securities, is the subject of an investor dispute, according to his BrokerCheck record, accessed on November 21, 2023. Keep reading if you have questions regarding his alleged conduct. 

On October 2, 2023, an investor alleged that Jerome Niles engaged in unauthorized trading. The investor is seeking $1.4 million. 

Unauthorized Trading

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Background Information 

Jerome Niles 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 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination

He is registered as both a broker and an investment adviser in Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming. 

During his 24 years of experience, he has registered with six firms: 

  • Dominari Securities (CRD #: 18975) 
  • Revere Securities (CRD #: 14178) 
  • Morgan Securities (CRD #: 149777) 
  • Oppenheimer & Co. (CRD #: 249) 
  • Raymond James Financial Services (CRD #: 6694) 
  • Sands Brothers & Co. (CRD #: 26816) 

Kurta Law Can Help

If you worked with Jerome Niles and 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 for 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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