Jeffrey Wayne Davidson (CRD #4585780, Austin, Texas)

February 16, 2024 – An AWC was issued in which Davidson was assessed a deferred fine of $15,000 and suspended from association with any FINRA member in all capacities for 21 months. Without admitting or denying the findings, Davidson consented to the sanctions and to the entry of findings that he participated in a private offering of securities that raised $10.21 million for a company that he founded and co-owned without providing prior written notice to his member firm or receiving written approval from it. The findings stated that Davidson disclosed his ownership interest in the company to the firm as an OBA, which the firm approved. However, the company engaged in a private offering of ownership units, which were securities sold pursuant to Regulation D of the Securities Act. ln connection with the offering, Davidson hired a placement agent, approved a private placement memorandum for distribution to prospective investors, presented a business plan to prospective investors, and negotiated the terms of the transaction with investors. Some of the investors, including two of Davidson’s customers at the firm, invested in the company through a limited partnership. Although Davidson did not earn any commissions in connection with the offering, Davidson and his co-owner received approximately $2.4 million by selling a portion of their ownership interest in the company. The suspension is in effect from February 19, 2024, through November 18, 2025. (FINRA Case #2022073948401) If you have suffered losses as a result of Jeffrey Wayne Davidson's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Jeffrey Wayne Davidson. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.