Former Baton Rouge, Louisiana-based LPL Financial broker Patrick Coogan (CRD# 4576580) has been barred by the Financial Industry Regulatory Authority...Read More
Jeff Dyra: Naperville Rep Barred After Misappropriation Probe
Former Bankers Life Securities broker/adviser Jeff Dyra (CRD# 6785909) was recently barred by the Financial Industry Regulatory Authority in connection to allegations he refused to provide information requested during its investigation into whether he misappropriated customer funds. Dyra was most recently registered as a broker in Naperville, Illinois.
According to a Letter of Acceptance, Waiver and Consent (No. 2019063228001) dated October 2019, Jeff Dyra was registered with Bankers Life Securities from April 2017 until July 2019, when he was terminated in connection to allegations he “misappropriated funds from a customer of a firm affiliate.” That same month, FINRA launched an investigation into the allegations that he misappropriated funds from a firm affiliate’s customer “or otherwise engaged in any misconduct that violated federal securities laws or regulations or FINRA rules.” In connection with this investigation, FINRA sent Jeff Dyra requests for information and documents on July 31, 2019 and August 27, 2019. Dyra subsequently acknowledged to FINRA in a September 2, 2019 email through his counsel that although he had received FINRA’s requests, he would not produce the requested documents and information. FINRA found this refusal to constitute a violation of FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, he was barred from associating with any FINRA member in any capacity.
Jeff Dyra’s BrokerCheck report lists one customer complaint against him. Filed in 2019, the complaint alleges that he asked the customer of an affiliate company that he “asked her to make two checks payable to him personally for the purchase of annuities not specific in type,” and that he did not use the funds to purchase an annuity. The complaint reached a settlement of $54,078.41.
Jeff Dyra is currently not registered with any FINRA member firm. His previous registrations include Bankers Life Securities in Naperville, Illinois. He has passed three securities industry qualifying examinations: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He currently holds no state securities licenses. (Information current as of April 18, 2020.)