MARCH 2017 UPDATE-Investigation of Jeremy D. Hare – Philadelphia, PA
According to FINRA records, Jeremy Hare has been named in 19 customer disputes, 2 of which are still pending. He has been named in two regulatory complaints.
In the customer disputes that have been settled, the customers alleged various claims, including:
- undisclosed commissions
- trading account without authority
- churning and unsuitable transactions
- inappropriate investments
- provided misleading information to customer
- invested in unsuitable and risky closed end funds
Payments on the settled cases ranged from $8,000 to $115,000.
In currently pending FINRA arbitration 16-2638, which occurred when Hare was employed by Oppenheimer & Co., the customer alleges unsuitable trades, churning of account and charging commissions in lieu of managed account fee and damages of $1,000,000.
In currently pending FINRA arbitration #16-2602, a customer of Oppenheimer alleges damages of $300,000 for unsuitability, negligent supervision, breach of fiduciary duty, fraud, churning and charging exorbitant commissions.
Original Post on Hare’s FINRA Sanction from July 2013
Jeremy David Hare (CRD #2593809, Registered Representative, Narberth, Pennsylvania) was barred from association with any FINRA member in any capacity. The NAC dismissed the appeal Hare filed regarding the Hearing Panel decision, and the Hearing Panel decision shall constitute FINRA’s final disciplinary action with respect to the matter. The NAC asked Hare to submit a written statement explaining why his appeal in the matter should not be dismissed as abandoned, and he failed to file the required statement. The sanction was based on findings that Hare provided false and misleading information to FINRA in connection with its investigation into a customer’s complaint alleging unauthorized trading and other sales practice violations. The findings stated that the Hearing Panel dismissed the allegation that Hare exercised discretion in a customer’s account without written authorization.
(FINRA Case #2008014015901)
According to FINRA records, Hare is not currently registered. He was previously registered with the following firms:
Gilford Securities Incorporated
Oppenheimer & Co.
Wachovia Securities, LLC
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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