Jeffrey Alan Arbeit's Securities Violations

Jeffrey Alan Arbeit allegedly violated FINRA Rules 8210 and 2010 by refusing to provide documents and information requested by FINRA during an investigation. According to FINRA, this refusal occurred in June 2025 after the regulator sought records related to a prior Form U5 disclosure indicating that Arbeit failed to report a private securities transaction as required under FINRA Rule 3280 and his firm’s policies. FINRA barred Arbeit from associating with any FINRA member in any capacity as a result of these violations.

Arbeit entered the securities industry in March 2016 when he became registered with Farmers Financial Solutions, LLC as an Investment Company and Variable Contracts Products Representative. He remained with the firm until March 7, 2025, when the firm terminated his registration citing a failure to report a private securities transaction. Although Arbeit is no longer registered with any FINRA member firm, he remains under FINRA’s jurisdiction for matters related to his conduct while registered.

FINRA Rule 8210 gives FINRA the authority to require persons under its jurisdiction to provide information, documents, or testimony during an investigation. Compliance is mandatory, and failure to cooperate is considered a serious violation. Rule 2010 requires members and associated persons to uphold high standards of commercial honor and just and equitable principles of trade. For example, if FINRA requests account statements to investigate possible sales practice violations, the associated person must produce them; likewise, if FINRA requests emails to verify compliance with supervisory rules, those records must be provided.

According to FINRA, on May 29, 2025, the regulator sent Arbeit a request for documents and information under Rule 8210. It is unclear why FINRA initiated an investigation into Arbeit; however, he was terminated by his employer for unreported private securities transactions a few months before his bar from the financial industry. According to FINRA, Arbeit acknowledged receiving the requests but stated he would not produce the information or documents. FINRA concluded that his refusal obstructed its ability to investigate the matter, thereby violating both Rule 8210 and Rule 2010.

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The content on this site reflects personal opinions and does not constitute statements of fact. No findings have been made against the firms or individuals mentioned. This blog is intended solely for educational purposes, drawing on publicly available information to provide general insights and a basic understanding of the law. It is not a substitute for legal advice.