DID BROKER JEFFREY ARSENAULT CAUSE YOU INVESTMENT LOSSES?
Jeffrey Arsenault Formerly With J. Alden Associates, Inc. was recently fired by J. Alden Associates, Inc. due to allegations of misappropriating client assets totaling $4.1 million.
Who is Jeffrey Arsenault formerly with J. Alden Associates, Inc.?
Jeffrey Arsenault (CRD #1506180) who was formerly registered as a broker with J. Alden Associates, Inc. and located in Wayne, Pennsylvania, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jeffrey Arsenault Employment History and Termination
Jeffrey Arsenault (CRD #1506180) who was formerly registered as a broker with J. Alden Associates, Inc. and located in Wayne, Pennsylvania, is a subject of one of our many securities industry sales practice abuse investigations.
Jeffrey Arsenault Employment History and Termination
Jeffrey Arsenault has worked with various financial firms throughout his career, most recently with J. Alden Associates, Inc. until October 2024. His registration history includes roles at FNEX Capital, LLC (2021-2023), MCG Securities LLC (2017-2018), and Merrill Lynch, Pierce, Fenner & Smith Incorporated (1999-2002).
He has passed two general industry/product exams, including the Series 7 General Securities Representative Examination, and one state securities law exam (Series 63). Arsenault is also the founder and principal of Old Greenwich Capital Advisors, where he manages alternative assets, a role that led to significant regulatory actions.
Arsenault was terminated by J. Alden Associates, Inc. on October 17, 2024. The termination followed allegations that he had misappropriated client assets totaling $4.1 million through his alternative asset management firm, Old Greenwich Capital Advisors. The case reflects serious allegations, and the related SEC filing provides detailed accusations of fund mismanagement and asset diversion. Information like this is crucial for investors, and it’s valuable that such data is publicly accessible for greater transparency. . A related SEC action is pending.
Disclosure Summary
- Regulatory Action (Pending)
- Initiated by: U.S. Securities and Exchange Commission (SEC)
- Date Initiated: October 11, 2024
- Allegations: Misappropriation of $4.1 million from client assets within Old Greenwich Capital Advisors.
- Status: Pending; sanctions sought include disgorgement, fines, and a cease-and-desist order.
- Civil Action (Pending)
- Initiated by: SEC
- Date Filed: October 11, 2024
- Court: U.S. District Court, District of Connecticut
- Docket Number: 3:24-cv-01633
- Allegations: Misappropriated funds for personal use and fraudulent reporting of fund balances, misleading clients about losses by attributing them to poor investment performance rather than misappropriation.
- Employment Termination
- Date of Termination: October 17, 2024
- Employer: J. Alden Associates, Inc.
- Reason for Termination: Allegations of misappropriating client funds in connection with his activities at Old Greenwich Capital Advisors.
- Allegations and Accusations
- The SEC alleges that Jeffrey Arsenault misappropriated over $4.1 million of client assets through Old Greenwich Capital Advisors, his alternative asset management firm. This misappropriation allegedly began after financial troubles following the 2008 market downturn. The SEC claims that Arsenault and his associated entities diverted funds for personal use, misrepresented fund values, and used false statements to conceal asset diversions. These actions, spanning from 2014 to 2024, include alleged fraud and misleading tax documentation, resulting in significant losses for investors.
Hamzey Abadi Red Flags & Your Rights As An Investor
Regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint was filed, the termination of Jeffrey Arsenault is a red flag which should put all current and former customers of Jeffrey Arsenault at J. Alden Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jeffrey Arsenault engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at J. Alden Associates, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At J. Alden Associates, Inc. Due To Jeffrey Arsenault
If you have questions about J. Alden Associates, Inc. and/or Jeffrey Arsenault and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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