Jake Kauzlarich Allegedly Gave Client Inaccurate Information

Jake Kauzlarich (CRD #: 5096866), a broker registered with Park Avenue Securities, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on January 31, 2023. Investors may have also engaged his services through The Woody Group. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On November 7, 2022, an investor filed a dispute alleging Jake Kauzlarich inaccurately informed him in March 2022 that the client could not move his investments to cash because the line of credit collateralized with his account did not permit it to hold cash. The client further alleged that Jake Kauzlarich failed to change his risk model to be more conservative.

The client sought $462,000 in damages but the firm denied the dispute.

However, investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses by pursuing FINRA arbitration following a denial.

FINRA Rule 2020

The misrepresentation or omission of information related to investments violates FINRA Rule 2020, which prohibits the use of manipulative, deceptive, and otherwise unethical means of influencing the purchase and sale of securities.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Jake Kauzlarich 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 6 – Investment Company Products/Variable Contracts Representative Examination

Jake Kauzlarich is a registered broker and a registered investment adviser in 11 states.

He previously worked for Northwestern Mutual Investment Services (CRD#:2881).

Kurta Law Can Help

If you worked with Jake Kauzlarich 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.