Jacob Adams Allegedly Failed to Disclose Facts About Investment
Jacob Adams (CRD #: 4975889), a broker registered with Realized Financial, allegedly failed to fully disclose the facts about an investment, according to his BrokerCheck record, accessed on May 3, 2023. If you want to know more about his alleged conduct as a broker, keep reading.
On February 13, 2023, an investor alleged that Jacob Adams failed to disclose material facts about and conduct reasonable due diligence on NP Skyloft DST. This dispute is currently pending.
FINRA Rule 2020
FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent tactics to influence investors’ decisions. The misrepresentation or omission of material facts violates this rule.
FINRA Rule 2111 and Regulation Best Interest
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their tax status, age, and risk tolerance.
Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.
Jacob Adams has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 10 – General Securities Sales Supervisor – General Module Examination
- Series 9 – General Securities Sales Supervisor – Options Module Examination
Jacob Adams is a registered broker in all 50 states and the District of Columbia. He is also a registered investment adviser in Texas.
He has also worked for the following firms:
- WealthForge Securities (CRD#:152550)
- Charles Schwab & Company (CRD#:5393)
- USAA Financial Advisors (CRD#:129035)
- USAA Financial Planning Services (CRD#:106352)
- Ameriprise Financial Services (CRD#:6363)
Kurta Law Can Help
If you worked with Jacob Adams and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.