Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 31, 2016 indicate that former Utah-based Wilson-Davis & Company broker Jeffrey Silverman has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Silverman (CRD# 1616440).
Jeffrey Silverman has spent 26 years in the securities industry and was most recently registered with Wilson-Davis Securities in Salt Lake City, Utah (2012-2013). Previous registrations include BMA Securities in El Segundo, California; Financial West Group in Westlake Village, California; Source Capital Group in Scottsdale, Arizona; Peacock Hislop Stanley & Given in Phoenix, Arizona; and Paradise Valley Securities in Phoenix, Arizona. He is currently not registered with any state or firm.
According to his BrokerCheck report, Jeffrey Silverman has received two regulatory sanctions.
In September 2016 the Securities and Exchange Commission (SEC) sanctioned Jeffrey Silverman following allegations he and his father “orchestrated a scheme to create the appearance of market interest and rising share price in Grandparents common stock by ordering trades in J. Silverman’s customers’ and family members’ accounts at the market close at prices higher than the previous trade, a manipulative tactic known as ‘marking the close.’” He was issued fines, penalties and disgorgement exceeding $100,000, and was permanently from acting as a broker or otherwise associating with firms that sell securities to the public.
In 1999 the National Association of Securities Dealers sanctioned Jeffrey Silverman following allegations that his member firm, acting through him, “in connection with a private offering of securities, extended the date by which the minimum number of units were required to be sold without making a reconfirmation offer to the persons who had purchased units prior to the termination dates stated in the offering materials.” He was censured and issued a fine of $5,000.
If you have lost money investing with Jeffrey Silverman, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means 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.