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Jeffrey Higgins: Did WIS Advisor Misrepresent Bond Investment?
Baker City, Oregon financial advisor Jeffrey Higgins (CRD# 2871443) recently received an investor complaint alleging six-figure damages in connection with a corporate bond investment. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Western International Securities, doing business as Azzurra Wealth Management.
Mr. Higgins’ BrokerCheck report discloses one investor complaint. Filed in June 2023, it alleges that as a representative of Western International Securities, he misrepresented material facts, omitted material facts, and recommended unsuitable corporate bond investments. The pending complaint alleges damages of $210,000.
Investors should be aware that the “misrepresentation” of material information regarding investments is forbidden by securities industry standards. Perhaps the most relevant standard is FINRA Rule 2020, which stipulates that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who mislead investors about investment recommendations may be held liable for damages in the event of losses.
According to the Financial Industry Regulatory Authority, Jeffrey Higgins holds 26 years of securities industry experience. Based in Baker City, Oregon, he has been a broker and an investment advisor with Western International Securities since 2017, doing business as Azzurra Wealth Management. He was previously registered with Financial West Group in Baker City, Oregon from 1997 until 2017. His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, Ohio, Oregon, Texas, Utah, Virginia, Washington, and Wyoming. (Information current as of July 9, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.