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Client Alleges Harold Jones Failed to Explain Termination Fees

Harold Jones (CRD #: 5970289), a broker registered with Transamerica Financial Advisors, allegedly failed to inform a client, according to his BrokerCheck record, accessed on July 10, 2022. If you want to learn more about Harold Jones’s conduct as a broker, keep reading.

Investor Dispute

On May 24, 2022, an investor alleged that Harold Jones failed to explain termination fees related to Guaranteed Insurability Option (GIO) in a group retirement plan. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow a third-party review before denying a dispute. Investors may be able to recover their funds by pursuing FINRA arbitration following a denial.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of fraudulent tactics, like deception or manipulation, in connection with the purchase and sale of securities. This includes the misrepresentation or omission of material facts. Material facts include information on an investment’s potential returns, limitations, and risks.

Background Information

Harold Jones has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Harold Jones is a registered broker in eight states and a registered investment adviser in Texas and Utah.

He has also worked for AXA Advisors (CRD#:6627).

Kurta Law Can Help

If you worked with Harold Jones 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. 

 

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