Henry Jakobsze is the Subject of a New Six-Figure Dispute

Henry Jakobsze (CRD #: 2792685), a broker registered with UBS Financial Services, is the subject of an investor dispute. This disclosure appeared on his BrokerCheck record, accessed on October 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 16, 2024, an investor alleged that Henry Jakobsze misrepresented an unsuitable options overlay strategy. The investor sought $650,000 but the dispute was denied by the firm. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover losses following a denial.

On April 14, 2024, an investor alleged that Henry Jakobsze misrepresented an investment and recommended an unsuitable product. The investor further alleged that that he violated North Carolina securities statutes. 

The investor sought $525,467. An arbitration panel awarded the investor $343,389 in compensatory damages and $124,737 in costs and attorney’s fees. 

You can read a copy of the Award here. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Henry Jakobsze 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 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination

Kurta Law Can Help 

If you worked with Henry Jakobsze and you 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 nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.