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Jefferies Financial Group Terminates Employment of Miami Team for Alleged Misconduct

Posted on January 14th, 2025 at 2:36 PM
Jefferies Financial Group Terminates Employment of Miami Team for Alleged Misconduct

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï

According to Form U-5 filings, Jefferies Financial Group recently terminated a group of Miami-based wealth advisors allegedly after uncovering improper money transfers and attempts to conceal the activity through off-channel communications. The firm dismissed Marcelo Poliak, Rodrigo Soto, Guillermo Guerra, Pablo Gherardi, and four other team members over “impermissible money-wire transfers” and “deleted” communications.

AdvisorHub reports that Nicholas Coubrough also was fired for allegedly seeking improper payments from colleagues in exchange for withholding information about their use of unauthorized communication methods.

The Miami team, which joined Jefferies from ÍøÆØ³Ô¹Ïlls Fargo & Co. in 2017, reportedly managed over $1.5 billion in client assets and operated as part of the Sky Blue Investment Group. This unit worked under Jefferies's wealth management platform.

According to AdvisorHub, Jefferies itself paid substantial penalties following regulatory investigations. In 2022, the firm agreed to pay $50 million to the Securities and Exchange Commission and an additional $30 million to the Commodity Futures Trading Commission for lapses in monitoring employee communications.

 

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

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