Former W&S Brokerage Services Advisor Jeffrey Marburger Barred by FINRA

DOVER, OHIO

Our investment fraud and securities arbitration law firm is looking into claims made by FINRA, against Jeffrey Marburger, from Dover, Ohio. Marburger was under investigation by FINRA after he was terminated by his former brokerage firm, W&S Brokerage Services. After Marburger failed to respond to FINRA’s investigation, FINRA expelled him from the securities brokerage industry.

FINRA began its investigation surrounding an issue with a former customer. The customer complained that Marburger purchased a policy on behalf of a customer without the customer’s knowledge or consent. Three loans from another policy owned by the customer were used to fund the new policy, again without the customer’s knowledge or consent. Jeffrey Marburger also changed the customer’s address to a mailbox under Marburger’s control, in an effort to conceal his conduct.

Jeffrey Marburger had been assigned to an office in Dover, Ohio. From 2008 to July 2021, he was affiliated with W&S Brokerage Services. He was also discharged by another firm in 2004, and he was the subject of one customer complaint. Marburger also sold life insurance through Western Southern Life.

FINRA rules require that advisors make suitable investment recommendations to customers, and brokerage firms must adequately supervise the advisors. If the advisor or firm fail to follow their obligations, they could be responsible for investor damages.

Israels & Neuman PLC is a securities arbitration law firm that represents investors in FINRA arbitration. We have represented investors in Ohio and throughout the country.

Click to view BrokerCheck Report: Marburger, j BrokerCheck 5.19.22

Click to view FINRA AWC: Marburger, j FINRA AWC

If you lost money with Jeffrey Marburger or W&S Brokerage Services, please Contact Us at 206-795-5798 for a free evaluation of your case.