phones
menu

Benjamin and Jerrold Brokerage: 3 Customer Complaints, 6 Regulatory Sanctions

Benjamin & Jerrold BrokeragePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 24, 2019 indicate that former FINRA-registered broker-dealer firm Benjamin & Jerrold Brokerage has received customer complaints and regulatory sanctions in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Benjamin & Jerrold Brokerage (CRD# 29110).

Established in Illinois in 2010, Benjamin & Jerrold Brokerage is currently not registered with any US state. Organized as a limited liability company, the firm’s fiscal year ended in December. Its SEC registration status was terminated in April 2019 and its FINRA license was cancelled in May 2019. According to its BrokerCheck report, Benjamin & Jerrold Brokerage received three customer complaints and six regulatory sanctions.

In May 2019 FINRA sanctioned Benjamin & Jerrold Brokerage in connection to allegations it failed to pay outstanding fees. Its license was consequently revoked.

In 2018 the New York Stock Exchange sanctioned the firm in connection to allegations it failed to take required criteria under consideration when it set up customer credit limits. In connection with these findings, the firm was censured and issued a fine of $25,000.

In 2017 a customer alleged Benjamin & Jerrold Brokerage breached its fiduciary duty, committed fraud, breached contract, acted negligently, and made misrepresentations of material facts. The complaint resulted in an award to the customer of more than $957,500.

In 2015 FINRA sanctioned the firm in connection to allegations it failed to pay fees resulting from an annual assessment. The firm’s membership was consequently suspended.

In 2001 a customer alleged Benjamin & Jerrold Brokerage breached its fiduciary duty, breached contract, and acted negligently. The complaint resulted in an award to the customer of more than $12,400.

In 1995 the Illinois Securities Department sanctioned the firm in connection allegations of unregistered salespersons conducting business in the state. In connection with these findings, the firm was censured and issued a fine of $5,000.

In 1994 the National Association of Securities Dealers sanctioned the firm in connection to allegations involving salespersons who conducted securities business “while they were not effectively qualified or registered” with the National Association of Securities Dealers. In connection with these findings, the firm was censured and issued a fine of $7,500.

In 1993 a customer alleged Benjamin & Jerrold Brokerage executed unauthorized trades in connection to options investments. The complaint resulted in an award to the customer of $8,500.

If you or someone you know has lost money investing with Benjamin & Jerrold Brokerage, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.