Jeffrey Alan Arbeit accepted a bar from the securities industry on June 11, 2025. Regulators alleged that Arbeit failed to cooperate into allegations that he inappropriately sold securities “away” or sold securities there were not approved by his employing securities brokerage.
Arbeit first became registered with FINRA, the Financial Industry Regulatory Authority, through an association with a Farmers Financial Solutions, LLC, primarily out a Texas office, as an Investment Representative in March 2016. On March 7, 2025, Farmers Financial filed a Uniform Termination Notice of Securities Industry Registration (Form U5) stating that it had terminated Arbeif’s employment for “failing to report private securities transaction pursuant to FINRA Rule 3280 and Firm policy.” Although Arbeit is not currently associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction pursuant to Article V, Section 4 of FINRA’s By-Laws.
The failure to report a private securities sale is a serious charge. Many brokers who sell private securities away from their employer do so because of an unreasonably high commission or the company is illegitimate.
In June 2025, Arbeit refused to cooperate with FINRA and documents as requested by FINRA staff pursuant to FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010. For this misconduct, Jeffrey Alan Arbeit is barred from association with any securities brokerage firm in the United States in all capacities.
As a licensed broker, FINRA required him to cooperate with its investigation. FINRA Rule 8210(a)(l) states, FINRA is authorized to require a person subject to its jurisdiction “to provide information orally, in writing, or electronically … with respect to any matter involved in [a FINRA] investigation.” FINRA Rule 8210(a)(2) states that FINRA is allowed to “inspect and copy the books, records, and accounts of such member or person with respect to any matter involved in [a FINRA] investigation.”
FINRA Rule 8210(c) further states that no person “shall fail to provide information … or to permit an inspection and copying of books, records, or accounts pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires associated persons, in the conduct of their business, to “observe high standards of commercial honor and just and equitable principles of trade.”
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