Last Updated: September 2023 (Bellevue, Washington)
Jay Jaroensabphayanont Investigation Summary
Here’s what you need to know about Bellevue, WA, stockbroker Jay Jaroensabphayanont:
- Name: Mr. Narongdej Jay Jaroensabphayanont
- Current Employer: Barred from securities industry by FINRA
- Previous Firms: Voya Financial Advisors dba Ten Strategic Wealth Group
- Function: Former Stock Broker/ Financial Advisor
- Aliases: Jay Jaroensabphayanont, Narongdej J. Jaroensabphayanont
- Primary Location: Bellevue, WA
- CRD 5393272
- Can Jay Jaroensabphayanont be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Sanctioned by State of Washington Securities Regulators: Yes
- Highest Settlement: $35,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jay Jaroensabphayanont As Your Stockbroker?
In 12/2020 FINRA permanently barred Jay Jaroensabphayanont from the securities industry after he failed to cooperate with a regulatory investigation.
Washington State securities regulators fined Jaroensabphayanont $60,000 in 2020 for engaging in dishonest and unethical practices when he deceived investors, sold away from his firm and borrowed funds from a customer while employed by Voya Financial Advisors. According to the regulator he sold at leat $200,000 of promissory notes to six Washington investors.
A customer of Voya Financial Advisors was paid $35,000 in 5/2022 to settle a FINRA arbitration alleging that Jaroensabphayanont sold them multiple structured investment products between 2015-2019 that were investments not authorized by Voya Financial Advisors.
Allegations of Broker Misconduct Against Jay Jaroensabphayanont
Customers of Jay Jaroensabphayanont have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Selling investments not authorized by his firm (selling away ).
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Jay Jaroensabphayanont, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
