Last Updated: December 2023 (Coral Gables, FL)
Jay Schechter Investigation Summary
Here’s what you need to know about Coral Gables, FL, stockbroker Jay Schechter:
- Name: Mr. Juda Eli Schechter
- Current Employer: MSEC LLC , Mariner Wealth Advisors (RIA)
- Previous Firms: Singer Xenos Securities Corp., Singer Xenos Schechter Sosler Wealth Management (RIA)
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Jay Schechter, Jay Eli Schechter
- Primary Location: Coral Gables, FL
- CRD 4019220
- Can Jay Schechter be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $30,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jay Schechter As Your Stockbroker?
In 9/2023 a customer of Mariner Wealth Advisors was paid $30,000 to resolve a case alleging that Jay Schechter made unsuitable investment decisions and that Mariner failed to supervise its agents and failed to conduct adequate due diligence.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Jay Schechter
A customer of Jay Schechter has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Failure to supervise
- Failure to perform adequate due diligence
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 Schechter, contact us for a complimentary consultation with an experienced 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.