Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience, has opened an investigation into former broker Jack Nadarajah (CRD #5666532). If you invested with Nadarajah during his time at Jefferies LLC or any of his previous firms, you may have legal options to recover your losses. Contact Haselkorn & Thibaut at 1-888-885-7162 for a free consultation.
Who Is Jack Nadarajah?
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Jack Nadarajah, also known as Jeyakumar Nadarajah, worked in the securities industry for approximately 13 years. His employment history includes several well-known broker-dealers:
- Jefferies LLC (March 2020 – May 2024)
- ViewTrade Securities, Inc. (2018 – 2020)
- TD Securities (USA) LLC (2017 – 2018)
- Morgan Stanley & Co. LLC (2015 – 2017)
His career came to an abrupt end when FINRA permanently barred Nadarajah from associating with any member firm in any capacity. A FINRA bar is the most severe sanction the regulatory body can impose.
Why Was Jack Nadarajah Barred by FINRA?
According to FINRA’s Acceptance, Waiver, and Consent (AWC) dated February 5, 2026, Nadarajah was barred after he refused to provide documents and information requested during a regulatory investigation.
FINRA Rule 8210 requires all registered representatives to cooperate fully with investigations. When a broker refuses, FINRA treats it as a serious violation. The refusal itself prevents regulators from completing their review of potential misconduct.
FINRA initiated its investigation on December 7, 2021, focusing on trading activity in U.S. Treasury securities and futures.
Pending Criminal Charges
Adding to investor concerns, Nadarajah’s BrokerCheck disclosures reveal a pending criminal matter dated November 8, 2023. The charges include:
- Wire Fraud
- Securities Manipulation
- Securities Fraud
It is important to note that criminal charges are allegations. Individuals are presumed innocent unless proven guilty in a court of law. However, these pending charges—combined with the regulatory investigation—represent significant concerns for investors who entrusted their money to Nadarajah.
Customer Complaints Against Jack Nadarajah
Nadarajah’s FINRA BrokerCheck profile reveals multiple customer disputes. Here is a complete breakdown:
| Date Received | Forum | Allegation | Amount Sought | Resolution | Amount Paid |
|---|---|---|---|---|---|
| 04/15/2021 | FINRA Arbitration | Unsuitable options trading | $150,000 | Settled (09/10/2021) | $75,000 |
| 07/22/2022 | State Court (NY) | Unauthorized discretionary trades | $80,000 | Settled (01/30/2023) | $50,000 |
| 11/05/2023 | FINRA Arbitration | Overconcentration in technology stocks | $200,000 | Pending | N/A |
Complaint Details:
April 2021 Arbitration: A client alleged that Nadarajah implemented aggressive options strategies that were contrary to their stated risk profile. The matter settled for $75,000 with no admission of wrongdoing.
July 2022 State Court Complaint: This case involved allegations of unauthorized trades executed without proper client authorization. It later moved to arbitration and settled for $50,000.
November 2023 Arbitration: A client is seeking $200,000, alleging that Nadarajah failed to properly diversify their portfolio, leading to overconcentration in technology stocks. This matter remains pending.
Red Flags Investors Should Know
When evaluating a financial advisor’s record, certain patterns warrant attention. In Nadarajah’s case, several red flags emerge:
- Multiple customer complaints spanning different types of alleged misconduct
- Employment separations after allegations—typically indicating resignation or termination while misconduct allegations were pending
- Refusal to cooperate with FINRA, resulting in a permanent bar
- Pending criminal charges related to securities activities
- Pattern of settlements in customer disputes
These disclosures, taken together, paint a concerning picture for anyone who invested through Nadarajah.
Can You Recover Investment Losses?
Yes, you may still have options. Even though Nadarajah has been barred from the industry, the brokerage firms that employed him may be held liable for failing to properly supervise his activities.
Brokerage firms have a legal duty to supervise their registered representatives. When they fail to do so, they can be held responsible for:
- Failure to supervise
- Unsuitable investment recommendations
- Unauthorized trading
- Misrepresentations or omissions
- Other violations of securities laws and FINRA rules
Most investor disputes are resolved through FINRA arbitration, a streamlined process designed specifically for securities-related claims.
Why Contact Haselkorn & Thibaut?
Haselkorn & Thibaut (investmentfraudlawyers.com) is a nationally recognized securities fraud law firm. With over 50 years of combined experience, a 98% success rate, and millions recovered for investors, the firm has the expertise to evaluate your case and fight for the compensation you deserve.
Their attorneys work on a no recovery, no fee basis. You pay nothing unless they recover money for you.
Get a Free Consultation Today
If you invested with Jack Nadarajah at Jefferies LLC, ViewTrade Securities, TD Securities, or Morgan Stanley, don’t wait to explore your options. Time limitations may apply to your claims.
Call Haselkorn & Thibaut now at 1-888-885-7162 for a free, confidential case evaluation. Their experienced securities attorneys can help you understand your rights and determine if you’re entitled to financial recovery.
