Last Updated: March 2025 | Bingham Farms, MI
Jeffery P. Sprague Investigation Summary
Here’s what you need to know about Bingham Farms, MI, stockbroker Jeffery P. Sprague:
- Name: Mr. Jeffery Paul Sprague
- Current Employer:
- Cetera Investment Advisers LLC
- Cetera Advisors LLC
- Prior Employers:
- First Allied Securities, Inc. (01/2002 – 09/2022)
- First Allied Advisory Services, Inc. (07/2012 – 11/2020)
- First Allied Securities, Inc. (04/2010 – 07/2012)
- Asset Planning Solutions, Inc. (04/2000 – 12/2001)
- Equity Services, Inc. (11/1992 – 04/2000)
- G. R. Phelps & Co., Inc. (10/1992 – 11/1992)
- Function: Stockbroker / Financial Advisor
- Aliases: Jeffery Sprague
- DBA: Jeffery Sprague Insurance, Asset Planning Strategies
- Primary Location: Bingham Farms, MI
- CRD #: 2279580
- Can Jeffery Sprague be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute Seeks Damages of: $70,000
If you’ve sustained damages from Mr. Sprague, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
See this for more information on REITs and Other Alternative Investments
Did You Lose Money With Jeffery Sprague As Your Stockbroker?
A pending customer dispute has been filed against Jeffery Sprague by a customer of First Allied Securities alleging that Sprague failed to disclose all material facts related to an investment in a real estate security. The case seeks damages of $70,000.
Allegations of Broker Misconduct Against Jeffery Sprague
A customer has alleged the following misconduct by Jeffery Sprague:
- Failure to Disclose Material Investment Risks –violating FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
These violations fall under FINRA Rule 2010 (Ethical Standards) and FINRA Rule 2111 (Suitability Rule), which require brokers to act with fairness and integrity and ensure that investment recommendations are appropriate for the client’s financial situation.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Jeffery Sprague, 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.