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The State of Missouri Takes Action Against Jason Adams

May 20, 2022 Blue Sky Laws

Jason Adams (CRD #: 2217759), a former broker, faced a cease and desist order by the State of Missouri, according to his BrokerCheck record, accessed on May 15, 2022. Read on if you have questions about Jason Adams’s conduct as a broker.

Regulatory Action by the State of Missouri

On March 11, 2022, the State of Missouri filed a cease and desist order alleging Jason Adams violated Section 409.5-502 of the Revised Statutes of Missouri. The order imposed sanctions of $563.32 in restitution.

Section 409.5-502 of the Revised Statutes of Missouri prohibits brokers and investment advisers from engaging in fraudulent, manipulative, and deceitful behavior in regard to the purchase and sale of securities.

What are Blue Sky Laws?

Blue sky laws are state-level regulations designed to protect investors. These laws define and forbid fraudulent activities which may not be explicitly banned by federal law. They may also establish what financial products qualify as securities, and therefore need to be registered with the state.

Background Information

Jason Adams 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 7 - General Securities Representative Examination

In the past, he worked for the following firms:

  • Morgan Stanley (CRD#:149777)
  • J.P. Morgan Securities (CRD#:79)
  • Morgan Keegan & Company (CRD#:4161)
  • Bear, Stearns & Company (CRD#:79)
  • J.C. Bradford & Company (CRD#:1287)
  • The Robinson-Humphrey Company (CRD#:723)
  • Peachtree Capital (CRD#:25590)

Kurta Law Can Help

If you worked with Jason Adams 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.