Last Updated: January 2024 (Victoria, Texas)
Jeffrey Drost Investigation Summary
Here’s what you need to know about Victoria, Texas, stockbroker Jeff Drost:
- Name: Mr. Jeffrey Travis Drost
- Current Employer: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
- Previous Firms: Raymond James Financial Services, Ameriprise Financial Services, Investment Professionals
- Function: Stock Broker/ Financial Advisor
- Aliases: Jeff Drost
- Primary Location: Victoria, Texas
- CRD 4489021
- Can Jeff Drost be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Discharged by prior employer: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jeffrey Drost As Your Stockbroker?
In 8/2021 FINRA barred Jeff Drost from the securities industry after he refused to provide information and documents in connection with an investigation of Drost’s potential unauthorized borrowing from customers.
Raymond James discharged Drost in 4/2021 for obtaining loans from clients, including family member clients, without disclosure or prior approval in violation of fimr policy and industry rules.
Allegations of Broker Misconduct Against Jeffrey Drost
FINRA has alleged the following wrongdoing by Jeff Drost in connection with the handling of customer accounts:
- Undisclosed and unapproved borrowing from customers in violation of industry rules.
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 Jeff Drost, 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.
