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Brian Jackson Named in Disputes Alleging Unsuitability

Jul 27, 2022 Unsuitable Investments

Brian Jackson (CRD #: 4733834), a broker registered with Wells Fargo Clearing Services, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on July 14, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Disputes

In a dispute filed on April 29, 2022, an investor alleged that Brian Jackson recommended she invest in certain high-risk securities on May 4, 2021. This dispute was denied by the firm.

Investors should know that firms can deny disputes without an outside review. However, investors may still be able to recoup their losses by seeking out FINRA arbitration after a denial.

On July 21, 2020, an investor alleged Brian Jackson’s involvement in an unspecified violation of suitability. The client seeks $101,000 damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to use the information in investors’ profiles to tailor their investment recommendations. These profiles contain information such as investors’ risk tolerance, tax status, and other investments.

Brokers must also take this information into account when recommending investment strategies or engaging in discretionary trading. An excessive number of trades violates the requirement for quantitative suitability and can generate fees that significantly cut into investors’ returns.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Brian Jackson has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 53 – Municipal Securities Principal Examination
  • Series 24 – General Securities Principal Examination

Brian Jackson is a registered broker in 10 states and a registered investment adviser in New Jersey and New York.

He previously worked for David Lerner Associates (CRD#:5397).

Kurta Law Can Help

If you worked with Brian Jackson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.