Advisor Alert: Our Attorneys Are Investigating Jay A. Weil For Investment Fraud
Did You Lose Money Because of Jay Weil (previously with Cambridge Investment Research)?
Filed: October 24, 2023
Jay A. Weil currently has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Jay A. Weil.
Who Is Jay A. Weil?
- Advisor Name: Jay A. Weil
- Aliases: Jay Weil
- CRD: 4383868
- Location: Mission Viejo, California
- Current Employer: Currently Not Registered
- Previous Firms: Cambridge Investment Research, Inc.
- Number of Known Customer Complaints: 1
- Can Jay Weil Be Sued: Yes, in Private Arbitration
- Can Jay Weil’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $400,000
- Highest Settlement: $1,675,000
If you have suffered investment losses by Jay Weil, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Jay Weil For Broker Misconduct
As of this publication date, Jay Weil has been the subject of 1 customer dispute. Let’s review it below.
In January 2020, a complaint was filed against or in reference to Jay Weil by customer/s of Cambridge Investment Research, Inc. alleging that Mr. Weil breached his fiduciary duty and failed to comply with ERISA standards. Client’s allegations also state that through his discretionary authority, RR selected investments based on substantial and excessive fees/commissions. Per the customer/s, they lost over $400,000 due to Mr. Weil’s actions. On September 22, 2020, Mr. Weil settled the claim for $1,675,000, and some or all of this amount may have been paid by Mr. Weil’s employer and/or insurance carrier.
How To File A Claim Against Jay Weil (previously with Cambridge Investment Research, Inc.) To Get Your Money Back.
If you have questions about Jay Weil, Cambridge Investment Research, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.