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Jason Doneth Facing a Variable Annuity Dispute

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 4, 2025 at 7:12pm

Jason Doneth (CRD #: 4696330), a broker registered with Ameriprise Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 4, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On April 4, 2025, an investor alleged that Jason Doneth made unsuitable investment recommendations related to a variable annuity. The investor is seeking $550,000. 

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.

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Background Information 

Jason Doneth has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination  
  • Series 24 General Securities Representative Examination 

He is a registered broker in 21 states and is a registered investment adviser in California and Texas. 

Jason Doneth has registered with Ameriprise Financial Services (CRD #: 6363) and LPL Financial (CRD #: 6413). 

Kurta Law Can Help

If you worked with Jason Doneth and 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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