FINRA Bars Jeffrey Higgins after Allegations of Misappropriation of Customer Funds
According to the Financial Industry Regulatory Authority this week, the regulator has reportedly barred financial advisor Jeffrey Higgins (CRD #2871443) from working in the securities industry.
Higgins, who was registered with Western International Securities in Baker City, Oregon since 2017, was allegedly discharged after the firm’s investigation. On June 27, 2024, Western reportedly filed a Uniform Termination Notice for Securities Industry Registration (Form U5) stating that Higgins was dismissed after the Firm realized that he had allegedly been misdirecting client investments and funds and purportedly misappropriating client investments and funds to his own use, starting in approximately 2007 at his prior broker.
Higgins reportedly refused to produce information and documents requested by FINRA or appear for on-the-record testimony, leading to the bar.
FINRA BrokerCheck – Jeffrey Higgins
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
Investors can use the tool to verify whether a broker or brokerage firm is registered with FINRA, as well as to review their employment history, licensing status, and any regulatory actions or complaints filed against them.
Jeffrey Higgins was reportedly registered with the following brokerage firms and registered investment advisory firms during his career in the securities industry:
08/21/2017 – 06/27/2024, WESTERN INTERNATIONAL SECURITIES, INC. (CRD#:39262), Baker City, OR,
B, 04/11/1997 – 08/21/2017, FINANCIAL WEST GROUP (CRD#:16668) FINRA expelled the firm on 02/13/2020, Baker City, OR
According to his broker report, Higgins has one customer dispute alleging “Unsuitable Recommendations, Misrepresentations and Omission of Material Fact.” The claim was settled in 2023, according to FINRA.
Free Consultation with a Securities Attorney
If you have suffered investment losses with Jeffrey Higgins and Western International, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 30 years of securities law experience, The White Law Group has the expertise to help investors to recover their securities fraud losses.
Tags: broker investigation, Jeffrey Higgins, Western International Securities Last modified: July 2, 2024
