Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 10, 2017 indicate that former New York-based Silver Leaf Partners broker Jay Chapler has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Chapler (CRD# 2575511).
Jay Chapler has spent nine years in the securities industry and was most recently registered with Silver Leaf Partners in New York, New York (2010-2016). Previous registrations include ABN Amro in Stamford, Connecticut (1997-1998) and Lehman Brothers in New York, New York (1995-1996). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 3 (National Commodity Futures Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Jay Chapler has been sanctioned by FINRA.
In April 2017 FINRA sanctioned him following allegations he “paid or caused to be paid transaction based compensation earned by his member firm to an unregistered entity.” FINRA’s findings state further: “Chapler, through a disclosed outside business, paid $78,145.23 in transaction based compensation received by the firm from offshore entities to the unregistered entity. Later, Chapler directed an offshore firm customer to pay transaction based compensation that was due to the firm directly to the unregistered entity. Based on Chapler’s instruction, the customer wired $121,583 in transaction based compensation directly to the unregistered entity. The findings also stated that Chapler failed to disclose two outside business activities to the firm. Chapler received compensation from both of these businesses and reasonably expected to continue receiving compensation from at least one of these businesses. Chapler also failed to identify either outside business in a firm compliance questionnaire wherein he incorrectly responded ‘Not Applicable’ to questions pertaining to outside business activities.” He was issued a four-month suspension and a fine from $22,500.
If you or someone you know has a complaint regarding Jay Chapler, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.