Jeffrey Higgins: Carlson Law Represents Azzurra Advisor’s Clients

Former Baker City, Oregon financial advisor Jeffrey Higgins (CRD# 2871443) was recently sanctioned and barred in connection with allegations of client fund misappropriation. Carlson Law represents multiple former clients of Mr. Higgins and intends to file at least three claims regarding his conduct. Financial Industry Regulatory Authority records show that the former Western International Securities broker and advisor, who did business as Azzurra Wealth Management, is not registered with any broker-dealer firm.

A Letter of Acceptance, Waiver, and Consent (No. 2024082541001) issued in July 2024 describes FINRA’s disciplinary action against Mr. Higgins. As it describes, in June 2024 Western International Securities discharged him in connection with allegations that he notified the firm “that he had been misdirecting client investments and funds and misappropriating client investments and funds to his own use, starting in approximately 2007 at his prior broker-dealer firm, and that these activities have continued through to the current date.” FINRA states that it sent him a request to provide information and documents and to appear for on-the-record testimony, and that he refused these requests. Concluding that his refusal violated FINRA rules, the regulator barred him from associating with any FINRA member in all capacities.

Mr. Higgins’ BrokerCheck report discloses one investor complaint. Filed in June 2023, it alleged that as a representative of Western International Securities, he recommended unsuitable corporate bonds, misrepresented material facts, and made omissions of material facts. In March 2024 the complaint reached a settlement of $94,211.

A second disclosure concerns his firing from Western International Securities. Filed in June 2024, it states that the firm discharged him during an investigation into allegations of misappropriation.

According to the Financial Industry Regulatory Authority, Jeffrey Higgins holds 27 years of securities industry experience. Most recently based in Baker City, Oregon, he was registered as a broker with Western International Securities from 2017 until 2024, doing business as Azzurra Wealth Management. Prior to that, he was registered with Financial West Group from 1997 until 2017. His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He has been barred from associating with any FINRA member firm. (Information current as of July 3, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms, including multiple former clients of Mr. Higgins. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.