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Jared Skemp Allegedly Misrepresented Investment

Jared Skemp (CRD #: 4203805), a broker registered with Key Investment Services, is the subject of an investor dispute, according to his BrokerCheck record, accessed on October 31, 2024. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on August 20, 2024, an investor alleges that Jared Skemp misrepresented recommendations of a $1 million investment in Allianz Index Advantage Income Variable Annuity and a Protective Income Builder Indexed Annuity investment of $935,583.58. These recommendations were allegedly made in September 2020.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns or limitations.

What are Variable Annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Jared Skemp 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 24 – General Securities Principal Examination

Jared Skemp is a registered broker in 11 states and a registered investment adviser in Pennsylvania.

He has also worked for the following firms:

  • LPL Financial (CRD#:6413)
  • NatCity Investments (CRD#:17490)
  • Princor Financial Services (CRD#:1137)
  • VeraVest Investment Advisors (CRD#:105796)
  • VeraVest Investments (CRD#:3960)
  • First Montauk Securities Corporation (CRD#:13755)

Kurta Law Can Help

If you worked with Jared Skemp 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 that 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. 

 

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