Jason Fekete: Suspended Following Failure to Comply with a FINRA Arbitration Award

Jason Fekete (CRD #: 4583237), a former broker with Ameritas Investment Company, was recently fired by Ameritas Investment Company, according to his BrokerCheck record, accessed on October 14, 2021. His termination followed a FINRA regulatory action. For more details regarding his termination, keep reading.

Termination By Ameritas Investment Company

On August 19, 2021, Ameritas Investment Company fired Jason Fekete following allegations that he failed to comply with a FINRA arbitration award.  

FINRA Regulatory Action

On August 11, 2021, FINRA suspended Jason Fekete following allegations he failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information. According to FINRA Rule 9554, Jason Fekete must comply with FINRA arbitration awards and provide information that FINRA requests. The suspension will last until Jason Fekete makes the payment outlined in the arbitration award or until the matter is discharged.

The arbitration award found Jason Fekete liable for a total of $161,923.33. This amount includes compensatory damages, accrued interest, and attorneys’ fees. You can read a copy of the arbitration award here.

Denied Investor Dispute

On November 11, 2015, an investor alleged that Jason Fekete did not make it clear to her that a variable annuity would have a long surrender charge period. Variable annuities are complex contracts that often confuse even the most sophisticated finance professionals. The investor sought $168,293 but the dispute was denied. Investors should know that firms can deny disputes without a third-party review. You can still recover your losses following a denial.

Jason Fekete Background Information

Jason Fekete has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination
• Securities Industry Essentials Examination
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination

Jason Fekete has worked with the following firms:

• Ameritas Investment Company (CRD #: 14869)
• Lincoln Financial Securities Corporation (CRD #: 3870)
• Hornor, Townsend & Kent (CRD #: 4031)
• Waddell & Reed (CRD #: 866)
• Edward Jones (CRD #: 250)

Kurta Law Can Help 

If you lost money after working with Jason Fekete, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free case consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.