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Jason Cobb Allegedly Failed to Fully Inform Client

Aug 18, 2022 Misrepresentation

Jason Cobb (CRD #: 7096684), a broker registered with Edward Jones, is the subject of a pending dispute, according to his BrokerCheck record, accessed on July 31, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

On May 31, 2022, an investor alleged that Jason Cobb liquidated for transfer mutual funds held in a Guided Solutions Fund account without the client’s consent.

The client additionally alleges that Jason Cobb failed to inform him that Edward Jones did not offer any investments that would match a guaranteed interest rate of 3%, that the firm did not offer any low-risk investments providing consistently high returns, and that the firm’s disclosure indicated Jason Cobb may have a conflict of interest.

This dispute remains pending.

FINRA Rules 2020 and 2010

FINRA Rule 2020 prohibits the use of deception and manipulation to influence the purchase or sale of securities. This includes the misrepresentation or omission of material facts about an investment, such as the investment’s limitations, risks, or potential returns.

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

FINRA Rule 3260

FINRA Rule 3260 limits brokers to exercising discretion only in discretionary accounts authorized for this trading in advance by the client and the firm.

Background Information

Jason Cobb has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination 

Jason Cobb is a registered broker in 13 states and a registered investment adviser in Texas and Wisconsin.

Kurta Law Can Help

If you worked with Jason Cobb 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.