Jamayca Lateefa Dearborn (CRD #7507987) Has an Employment Separation Disclosure on FINRA BrokerCheck

Jamayca Lateefa Dearborn (CRD #7507987) was previously registered with PFS Investments Inc. and has an employment separation disclosure on FINRA BrokerCheck. We reviewed the BrokerCheck report on March 16, 2026. It reflects one employment separation disclosure. If you invested with Jamayca Dearborn and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Jamayca Dearborn’s FINRA BrokerCheck report reflects one employment separation disclosure. A summary of the disclosure is below:

On January 16, 2026, PFS Investments Inc. discharged Jamayca Dearborn. Jamayca Lateefa Dearborn FINRA BrokerCheck states the firm said she submitted life insurance policy increases without clients’ knowledge. The same BrokerCheck disclosure states she submitted term life applications under falsified credentials. BrokerCheck lists the product type as insurance. The report also says a termination from Primerica Life Insurance Company led to a corresponding termination from PFS Investments Inc.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor and just and equitable principles of trade. Conduct involving falsified credentials or unauthorized policy changes can raise concerns under this rule.

Rule Summary #2: 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 disclosure involves insurance applications or policy changes, supervision is often a central issue.

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:

1. 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.

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

3. 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.

4. 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 the FINRA BrokerCheck report for Jamayca Dearborn:

Is not currently registered with any state or SRO.

Has passed the Securities Industry Essentials (SIE) exam. Jamayca Dearborn has also passed Series 6TO, Series 63, and Series 26.

Was previously registered with PFS Investments Inc.

Kurta Law Can Help

If you have worked with Jamayca Dearborn and you have concerns about the activity described above, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities 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.