Jeffrey Arbeit: Farmers Financial Fires Austin Advisor

Former Austin, Texas financial advisor Jeffrey Arbeit (CRD# 6603428) was recently fired by his former broker-dealer in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with Farmers Financial Solutions.

Mr. Arbeit’s BrokerCheck report discloses his termination from Farmers Financial Solutions. Filed in March 2025, it states that the firm terminated his registration in connection with allegations that he made private securities transactions without the firm’s prior review or approval, violating both firm policy and FINRA Rule 3280.

For reference, FINRA Rule 3280 stipulates that brokers like Mr. Arbeit shall not participate in private securities transactions—transactions involving investments unapproved by their firm—without first providing written notice to their firm. In cases where they have received or may receive selling compensation for the transaction, they must obtain their firm’s written approval. Private securities transactions can create risks for the investor, given that they involve investments not vetted by the firm. Financial advisors who recommend private securities transactions may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Jeffrey Arbeit holds eight years of securities industry experience. Most recently based in Austin, Texas, he was registered as a broker with Farmers Financial Solutions from 2016 until his firing in March 2025. His credentials include the passage of three securities industry qualifying exams: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is not currently registered with any broker-dealer firm or licensed as a broker with any state. (Information current as of June 25, 2025.)

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