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Jacob Statz Terminated by Merrill Lynch

Aug 7, 2023 Fired Brokers

Jacob Statz (CRD #: 4801577), a broker registered with Stifel, Nicolaus & Company, was terminated by Merrill Lynch. This disclosure appears in his BrokerCheck record, accessed on August 4, 2023. For more details, keep reading. 

On June 26, 2023, Merrill Lynch terminated Jacob Statz following allegations that he failed to comply with firm policies on order acceptance, books and records, and communications. 

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

FINRA Rule 5310

FINRA Rule 5310 requires brokers to execute clients’ transactions according to their instructions and in a timely manner.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to comply with firm policies may violate this rule. 

Background Information 

Jacob Statz has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products/Variable Contracts Representative Examination 
  • Series 26 Investment Company Products/Variable Contracts Principal Examination 

He is a registered broker in 13 states and is a registered investment adviser in Indiana. 

Jacob Statz has registered with the following firms: 

  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • JP Morgan Securities (CRD #: 79) 
  • Chase Investment Services (CRD #: 25574) 
  • Woodbury Financial Services (CRD #: 421) 

Kurta Law Can Help

If you worked with Jacob Statz and you have concerns about your investments, please contact us today at 877-600-0098 or 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.