Jeffrey Higgins

The Financial Industry Regulatory Authority (FINRA) permanently barred Jeffrey Higgins, a former broker, for misappropriating client funds over a long period. Higgins, who was registered with several brokerage firms throughout his career, is accused of violating FINRA rules designed to protect investors from fraud and financial misconduct.

Jeffrey Higgins was associated with multiple FINRA-registered brokerage firms over several decades. His most recent employment included roles where he managed investments for individual clients, many of whom were long-term investors who trusted him with significant portions of their savings.

According to FINRA, Higgins misappropriated funds from his clients for personal use, engaging in fraudulent activities that spanned several years. Key details of the misconduct include:

1. Diversion of Client Funds: Higgins allegedly directed client money into personal accounts under false pretenses, promising it would be invested on their behalf.
2. Breach of Fiduciary Duty: He violated his duty to act in the best interests of his clients by failing to disclose his actions and using their funds for unauthorized purposes.
3. Prolonged Fraud: The scheme reportedly continued for an extended period before being uncovered during an internal audit.

As a result of his actions, FINRA barred Higgins from associating with any FINRA-registered broker-dealer in any capacity. This severe penalty reflects the organization’s commitment to protecting investors and maintaining integrity within the financial services industry.

At ChapmanAlbin, we specialize in representing investors harmed by broker misconduct. Contact us today to discuss your case and explore your recovery options.