FINRA fines and suspends Sheldon Jay Harber for selling away

Furgison Law Group investigates claims against Sheldon Jay Harber

The securities fraud lawyers at Furgison Law Group are currently investigating claims against Sheldon Jay Harber, Cambridge Investment Research, Inc., and Geneos Wealth Management, Inc. The arbitration specialists at Furgison Law Group are investigating claims involving allegations of  selling away, breach of fiduciary duty, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct.

FINRA fines Sheldon Jay Harber $10,000 for selling away

FINRA fined Sheldon Jay Harber (CRD #867340, Chesterfield, Missouri) $10,000 and suspended him from association with any FINRA member in any capacity for four months. Harber consented to the sanctions and to the entry of findings that he participated in private securities transactions by investing and facilitating investments for other investors in a private company without providing his member firm with written notice of, or receiving approval to participate in the private securities transactions. The findings stated that Harber, along with the other investors, some of whom were customers of his firm, invested in the private company through an outside investment vehicle Harber had formed. The suspension is in effect from February 1, 2016, through May 31, 2016. (FINRA Case #2014042539101)

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages. 

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Sheldon Jay Harber, Cambridge Investment Research, Inc., and Geneos Wealth Management, Inc., please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.