DID JEFFREY THOMAS HIGGINS CAUSE YOU INVESTMENT LOSSES?
Jeffrey Higgins Formerly With Western International Securities, Inc. was terminated on June 21, 2024, for after notifying the firm that he had been misappropriating client funds
Who is Jeffrey Higgins formerly with Western International Securities, Inc.?
Jeffrey Higgins (CRD #2871443) who was formerly registered as a broker with Western International Securities, Inc. and located in Baker City, Oregon, 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 Higgins Employment History
Jeffrey T. Higgins has extensive experience in the securities industry, spanning over two decades. He has been associated with two primary firms during his career. He worked with Financial West Group from April 1997 to August 2017 and then with Western International Securities, Inc. from August 2017 until June 2024, both based in Baker City, Oregon. Jeffrey has passed six industry exams, including four general industry/product exams and two multi-state securities law exams. However, he did not complete any principal/supervisory exams. As of the report date, he is not currently registered with any firm.
Allegations Against Ross Fabregas
Jeffrey T. Higgins has a total of nine negative disclosures on his record, including a regulatory action, customer disputes, and a termination. Below is a summary of these disclosures:
- Regulatory Action: July 1, 2024: FINRA initiated regulatory action against Higgins, who was permanently barred from the securities industry. The action stemmed from his refusal to provide information and documents during an investigation related to allegations of misdirecting and misappropriating client funds over several years.
- Customer Disputes:
- Settled Dispute: June 9, 2023: A customer alleged unsuitable recommendations and misrepresentations involving corporate debt, leading to $210,000 in alleged damages. The case was settled on March 18, 2024, for $94,211 with no contribution from Higgins.
- Pending Disputes:
- August 29, 2024: A complaint was filed alleging misappropriation of funds involving listed equity. The case is pending with alleged damages of $5,000.
- August 21, 2024: Another pending complaint alleges misappropriation of funds, also involving listed equity, with alleged damages of $5,000.
- September 11, 2024: A third pending complaint, involving similar allegations of misappropriation of funds and listed equity, claims damages of $5,000.
- August 23, 2024: A significant pending arbitration alleges misappropriation of funds and portfolio mismanagement, with damages claimed at $1,000,000.
- August 12, 2024: A final pending arbitration alleges failure to supervise and misappropriation of funds, with claimed damages of $240,000.
- Employment Termination:
- June 21, 2024: Higgins was discharged from Western International Securities, Inc. after notifying the firm that he had been misappropriating client funds since approximately 2007 and continuing through the present.
Jeffrey Higgins Red Flags & Your Rights As An Investor
Of course, Jeffrey Higgins did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers coupled with the recent termination are red flags which should put all current and former customers of Jeffrey Higgins at Western International Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jeffrey Higgins has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Western International Securities, Inc. also raises questions about the brokerage firms’ 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 Western International Securities, Inc. Due To Jeffrey Higgins
If you have questions about Western International Securities, Inc. and/or Jeffrey Higgins 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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