Jacob Perry Cazier (CRD #6904198) Has Customer Dispute Disclosures on FINRA BrokerCheck

Jacob Perry Cazier (CRD #6904198) was previously registered as a broker and has customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects six customer dispute disclosures. If you invested with Jacob Cazier and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Jacob Cazier’s FINRA BrokerCheck report reflects six customer dispute disclosures. Below are summaries of two customer disputes from that category. BrokerCheck lists four additional customer dispute disclosures in the same category.

On January 25, 2026, Jacob Cazier’s FINRA BrokerCheck report shows a pending customer dispute in Utah State Court. The claim alleges he joined and helped expand a fraudulent investment scheme tied to Stephen R. Swensen through Navigation Capital Group, LLC. The reported damages are $296,290. Jacob Cazier states that he denies the allegations and intends to defend the case.

A separate entry on Jacob Cazier’s FINRA BrokerCheck report shows a customer dispute received on February 26, 2024. Claimants alleged the firm failed to detect an alleged fraud operated away from the firm by a deceased representative and alleged Cazier was indirectly involved. The claimed damages were $14.4 million. BrokerCheck shows the matter settled on April 10, 2025, for $1.65 million, with no individual contribution listed for Cazier.

Rule Summary #1: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system that is reasonably designed to achieve compliance with securities laws and FINRA rules. When a dispute involves claims that misconduct was missed or not stopped, this rule helps explain the firm’s oversight duties.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires member firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Claims involving alleged fraud or misleading conduct often raise questions about whether that standard was met.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Jacob Cazier:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Jacob Cazier has also passed Series 6, Series 65, and Series 63.

Was previously registered with firms that include J.W. Cole Financial, Inc. and Allegis Investment Services, LLC.

Kurta Law Can Help

If you have worked with Jacob Cazier and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action. You may be entitled to pursue recovery through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Security Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.