Jay Spieler: Oppenheimer Advisor Lands $300K Complaint

Coral Gables, Florida financial advisor Jay Spieler (CRD# 1072642) allegedly committed fraud, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Oppenheimer & Company.

Mr. Spieler’s BrokerCheck report discloses two investor complaints. The most recent, filed in March 2025, alleges that as a representative of Oppenheimer & Company, he conducted an ill-timed liquidation that resulted in losses, breached his fiduciary duty, committed fraud, and acted negligently. The pending complaint alleges damages of $300,000.

In a statement included with the complaint’s disclosure, Mr. Spieler defended himself against the allegations. “I at all times conducted myself in an appropriate and professional manner,” he wrote. “I deny all allegations of wrongdoing, and intend to vigorously defend myself against the false, unwarranted and unsubstantiated allegations.”

An earlier investor complaint, filed in 2015, alleged that as an Oppenheimer & Company, representative, he recommended an unsuitable oil and gas investment strategy. In 2016 the complaint reached a settlement of $13,050.

Oppenheimer & Company’s website includes a profile of Mr. Spieler that describes his background and services as a member of the Marathon Group, a practice at the firm. “[He] is a Miami native with a career spanning 42 years, the last 28 with Oppenheimer & Co,” it explains. “As a Managing Director-Investments, he represents investors throughout the United States as well as overseas. His greatest satisfaction is in serving multiple generations within a family to accomplish far-reaching financial goals.”

According to the Financial Industry Regulatory Authority, Jay Spieler holds 42 years of securities industry experience. Based in Coral Gables, Florida, he has been registered as a broker and an investment advisor with Oppenheimer & Company since 2003 and 2006, respectively. His past registrations include CIBC World Markets, Schild Asset Management, Smith Barney, Drexel Burnham Lambert, Bear Stearns & Company, and Merrill Lynch. His credentials include the passage of four securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds 22 state licenses. (Information current as of July 13, 2025.)

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