Chris Jacobi Allegedly Recommended Unsuitable Investments

Chris Jacobi (CRD #: 1648679), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 12, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations 

Five pending disputes, filed from August 2024 to January 2025, allege that Chris Jacobi made unsuitable investment recommendations. These disputes seek a total of $699,000 in damages.

On June 12, 2024, an investor alleged that Chris Jacobi gave her poor and speculative advice, causing her account to lose value. This dispute was denied by the firm.

However, investors can still seek out FINRA arbitration and potentially recover their losses even if a firm denies their dispute.

Unsuitable Investment Recommendations

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, tax status, and other characteristics.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Speculative advice could violate this rule. 

Background Information 

Chris Jacobi 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 24 General Securities Representative Examination 

He is a registered broker in Alabama, Florida, Georgia, and Mississippi. He is also a registered investment adviser in Florida. 

During his 35 years of experience, Chris Jacobi has registered with seven firms: 

• Ameriprise Financial Services (CRD #: 6363) 
• Wachovia Securities (CRD #: 19616) 
• NBC Securities (CRD #: 17870) 
• Dean Witter Reynolds (CD #: 7556) 
• Prudential Securities Incorporated (CRD #: 7471) 
• Blinder, Robinson & Co. (CRD #: 5096) 
• The Stuart-James Company Incorporated (CRD #: 11691) 

Kurta Law Can Help 

If you have worked with Chris Jacobi and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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.