Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by Despain Financial Corporation has been discharged by the firm on June 22, 2018 based upon customers’ allegations that Weiser sold them life insurance products and regulation D investment products that were inappropriate for the customers.

Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer filed an investment related arbitration claim concerning Weiser’s conduct in which the customer sought $498,047.00 in damages supported by accusations that while Weiser was employed by Despain Financial Corporation, he failed to appropriately manage the customer’s retirement assets which had been used for a promissory note and insurance product. FINRA Arbitration No. 18-01750 (May 18, 2018).

Weiser’s registration with Despain Financial Corporation has been terminated as of June 22, 2018.

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Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred millions of dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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