Former Western International Securities, Inc. broker Jeffrey Higgins (CRD# 2871443) was barred by FINRA related to allegations that he misappropriated client funds for 17 years.
He was registered with Western International Securities, Inc. in Baker City, Oregon, from 2017 to 2024, when he was terminated regarding the following allegations: “Firm is investigating the conduct of registered representative following his notification to the Firm that he had been misdirecting client investments and funds and misappropriating client investments and funds to his own use, starting in approximately 2007 at his prior broker-dealer firm, and that these activities have continued through to the current date. 6/9/2023.” Previously, he was registered with Financial West Group in Baker City, Oregon from 1997 to 2017. Financial West Group sold its advisors and assets to Western International Securities in 2017 and then shut down, according to Investment News.
In July 2024, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to produce information and documents and refused to appear for on-the-record testimony requested by FINRA during the course of a matter that originated from an examination by FINRA following a regulatory tip. The findings stated that Higgins’ member firm filed a Form U5 stating that he was discharged based on his notification to it that he had been misdirecting client investments and funds and misappropriating client investments and funds to his own use, starting at his prior broker-dealer firm, and that these activities have continued through to the date of termination.”
According to the FINRA settlement, since 2007 he misdirected client investments and funds and misappropriated client investments and funds to his own use.
Jeffrey Higgins Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2023. “Unsuitable Recommendations, Misrepresentations and Omission of Material Fact.” The customer sought $210,000 in damages, and the case was settled for $94,211. The complaint was regarding corporate debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Western International Securities, Inc. may be liable for investment or other losses suffered by Jeffrey Higgins’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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